| What to do |
How to do it
|
Who to Contact
|
|
| Work out how much you
can afford to borrow. |
Go to your mortgage
broker or bank who will establish with you how much you can
borrow. This is a good time to start thinking about what sort of
mortgage you want. There are capped, variable, 20-year, 25-year
and so on.
|
Mortgage broker, Your Bank or Building Society.
|
| Find
the property of your choice. |
Check out as many
available properties as you can. Contact or visit local agents
and explain exactly what type of property you are looking for.
Have more information sent to you for properties which take your
interest. |
Estate Agents and in some cases solicitors. |
| Make the seller or
seller's agent an offer. |
If you have looked at
enough properties then you will know if the property is
realistically priced. It is not advisable to go straight in with your highest
offer, always leave yourself with some room to manouvre. |
Estate Agents and in some cases solicitors. |
| Apply
to your lender for a mortgage. |
Go back to your broker,
building society or bank with whom you had already discussed the
issue of how much you could borrow for property purchase. |
Mortgage broker, Your Bank or Building Society. |
| Choose a solicitor to
act on your behalf. |
Solicitors resident in
the Argyll area can be found here at argyllproperty.co.uk. Also,
check out the phone book for 'Lomond & Argyll'
and local papers such as 'The Oban Times', the 'Argyllshire
Avertiser' and the 'Dunoon Observer' |
Solicitor / conveyancer. |
| Arrange
to have the property valued / surveyed. |
You mortgage lender will instruct a
surveyor to survey the property. This is for the lenders
information. If you want an independant full survey or report
then you will need to contact your own surveyor. |
Surveyor. |
| Property search and
check of Title Deeds. |
This is normally carried
out by your conveyancer / solicitor. If you plan to do your own
conveyancing then, for properties in Scotland only, http://www.ros.gov.uk
is well worth a visit. |
Solicitor / conveyancer. |
| Exchange
Contracts. |
From this point on it is in the hands of
the person doing the conveyancing or your mortgage lender. |
Solicitor. |
| Funds can now be
released. |
Time for you now to sit back and relax -
until the next time :-) |
Mortgage broker / Solicitor. |
