A Quick Guide to the Property Buying Process

Buying a property can often be a long process, sometimes time months. In this article, we break down the process so you can understand exactly what is involved. There are various steps to buying a property, we summarise some of the main steps and what to expect at each stage.

Finding a property

The first step on your journey to buying a property would be to research what is out there and in your budget. You should also consider how you would fund the purchase, whether you would buy using cash or be looking to take out a mortgage in which case you should obtain an agreement in principle from a lender as most estate agents would ask for this when booking viewings.

Making an offer on a property

After you have viewed some properties and are happy with one in particular, you can make an offer to the estate agent. They will then inform the vendor and if the vendor is happy with the offer, they will either accept or reject it.

Instruct a solicitor

Once your offer is accepted, you should instruct your solicitor and pass these details on to the estate agent. They will then handle the legal transfer of the property from this point.

Instruct a surveyor

You may wish to instruct a surveyor in order to assess the property and provide you with detailed feedback as to the properties condition and value. It is advised to use a professional surveyor so that you know more about the condition of the property you are buying. There are different levels of surveys that you can obtain depending upon your needs, from home buyers reports, structural surveys to basic valuations.

Enquiries and searches

Your solicitor will then request various searches such as local authority searches to make sure that there are no issues that you should be aware of. They will also raise enquiries with the vendors solicitor to confirm answers to questions that may not be clear.

Proof of funds

In order to progress, your solicitor will require proof of funds from you in the form of bank statements if you are a cash buyer or a mortgage offer if you are obtaining a mortgage.

Sign contract

The solicitor will then send you the contract and transfer form as well as mortgage deeds to sign, once you have signed and returned these back, they can then discuss completion dates with you.

Completion date agreed

At this point, the completion date is usually agreed and contracts can be formally exchanged. It is at this point when contracts are exchanged that both the buyer and seller are legally committed to the sale. On the completion day, when the sellers solicitor confirms they have received the funds, you will then be able to collect the keys from the estate agent.

Tips to Keep your Home Warm During Winter

Keeping your property warm over winter can often become more costly with energy prices rising. So it’s important to consider various measures that can help you retain heat in your property and ensure that your heating is working efficiently.

In this article we provide some useful tips to help you keep your property warm.

Bleed your radiators.

If the top of your radiator is colder than the bottom then there could be cold air trapped inside, which prevents it from filling with hot water and hence heating up. So, by bleeding the radiator you’ll release the air and allow the hot water to flow inside this will allow your heating to work more efficiently.

Don’t let the top of the radiator to get blocked

Sometimes the top of radiators can get blocked with clothes or other items. It’s important to let the warm air flow and ensure the heat can circulate.

Draught proof

Draught proofing anywhere that could be susceptible to letting cold air in will help keep your home warm. There’s draught excluders that can be bought for doors (which should be left closed where possible) as well as self-adhesive foam tape which can be applied to windows too.

Make sure there’s adequate insulation

This is particularly important around your property including in the loft, where heat can often escape, and possibly under floors and within external walls.

Check the boiler

An inefficient one can affect your heating bill so it’s really important to regularly get it serviced and checked around once a year. Also don’t forget to check on thermostats too, even if you’ve set the heating to come on and off at certain times, an old thermostat can sometimes lead to delays in the property heating up or it being heated at higher temperatures.