Find the right property and pay reservation fee to vendor in order to reserve your preferred property. This transaction will ensure your preferred property is taken off the market and no one else can purchase it during the reservation period.
Step 2. Draft Contract
The vendor’s solicitor will draft the contract of sale. You will need to instruct a solicitor to prepare a Legal Report on the property, undertake full due diligence and agree the form of contract.
Step 3. Exchanged
Once your solicitor and you agreed and signed the contract, Your solicitor will exchange contracts with the vendor’s solicitor. You will need to pay the exchange deposit to the Vendor’s solicitor.
Step 4: Mortgage
We suggest you to prepare your mortgage application about three months prior to settlement date. We can also connect you with some of the reputable banks and financial advisors.
Step 5. Completion
On the day of completion you will then make the final payments as well as the stamp duty. Transaction is completed.
Step 6: Land Registration
Your solicitor will register the property with the Land Registry.
Step 7: Property Management
Find a letting and management agency. Ray White are happy to connect you with the leading letting and management in the area.