uncleflo
Registered since September 28th, 2017
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Process of buying a house: timeline - MoneySavingExpert
Saved by uncleflo on April 18th, 2019.
Buying a home is one of the most stressful things you can do, but knowing what to do and when, will make the ride much smoother. This guide walks you through the 25 steps to buying a home, including timescales, and arms you with the knowledge needed to give your solicitor a kick up the bum along the way.
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Offer accepted, now what? - Buyer Advice - Rightmove
Saved by uncleflo on April 18th, 2019.
Once the seller has accepted your offer, ask them to take it off the market. They don’t have to agree to this, but doing so will shut out other potential buyers. Now you need to move fast – the seller will want to see progress so try to avoid any unnecessary delays in getting the surveys and other legal work done. Complete the lender’s application form and send them the documents they require – this will include proof of your ID, evidence of your earnings, proof of your address over the last few months and your bank statements, so have these ready. The lender will then arrange for a valuation to be carried out on the property. This allows them to work out how fair the amount you’ve asked to borrow is compared to what they deem the property to be worth.
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Offer Accepted on House - What's Next?
Saved by uncleflo on April 18th, 2019.
You’ve been searching, viewing and considering properties for months and the day has finally come. Now the offer you have made on a house has been accepted, what next? Congratulations – the searching, house viewings and big decisions have paid off and your offer on the house of your dreams has been accepted. Although it may seem like all the hard work is over, you are still at the early stages of the property purchase and able to pull out of buying the house without facing a financial penalty should you change your mind.
Additionally, the seller of the property can still decide to take a higher offer from somebody else, or choose to not move at all.
Before the property is legally yours there are still several steps to go through in your property transaction.
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