Buying Process
1Working out your finances
In order to work out your finances you need to speak to your bank or independent financial advisor, who will confirm the amount you are able to borrow. From here you can then calculate the stamp duty related to your purchase, your survey and valuation costs and conveyancing fees.
2Arrange viewings
Once you have registered your details with Langford chase we will arrange viewings on all properties that suit your requirements. One of our team will meet you at the property to show you around and provide you with all the relevant information you require to make an informed decision.
3Making an offer
Once you have found your ideal property you should contact our office so we can discuss everything with you and then make contact with the vendor. Once the offer is agreed we will write to all parties and their solicitors confirming the transaction is going ahead.
4Surveys
A survey of the property will be carried out by your lender once you have completed your mortgage application. There are different types of surveys which your lender will advise you on and different levels of costs. Once the survey is completed the lender will process your formal mortgage offer which will be sent to you and your solicitor
5Exchange of contracts
At this point of the conveyancing process, once your solicitor is happy with all documentation, the next step is exchange of contracts. you will need to forward your deposit to your solicitor so they can complete the exchange of contracts with your vendors. Once this takes place all parties are locked in and a completion date can be set. Should you wish to withdraw from the purchase after contracts have exchanged, you can lose your deposit.
6Completion of your purchase
Once a completion date is agreed with all parties, your solicitor will arrange for the balance of funds to be transferred by your lender and you will need to pay the stamp duty and any other costs relating to your purchase. On your completion date the vendors solicitors will confirm to us the transaction has completed and we can release keys to you for your new home. We will contact you once we have received this call.
