Step 1
Arranging your mortgage
Having your finances in place and having a mortgage agreed in principle (if required) before you commence your property search is an important first step in the process of buying property. Knowing how much you have available to spend will help you as you start viewing properties and will enable you to act quickly when you find a property to buy.
Step 2Register your interest
Call us on (028) 91479393, email us or visit our office on High Street and meet with a property consultant to register your interest and discuss your property requirements. We have an extensive portfolio of properties available to buy and we are confident that we will be able to find you just what you are looking for.
Step 3Finding the right property
Your property consultant will put together a selection of properties that match your requirements. We will also keep in touch via email and SMS alerts when new properties, that we feel that you may be interested in, come on the market.
Step 4Successful viewings
We recommend an early viewing when we find a property that meets your requirements. We will arrange viewings at times to suit you including weekends and evenings.
Our High Street office is open Monday to Friday 8.45am-5.30pm and 10am-12pm Saturday and our Bloomfield Shopping Centre branch is open 9am-9pm Monday to Saturday and 1pm-5pm Sunday.
Step 5Instructing a solicitor
In order to make a successful purchase you will need an experienced and efficient solicitor to act on your behalf. We advise using a solicitor who specialises in conveyancing and is familiar with the area where you are planning to purchase. Pinkerton Murray will be happy to recommend a choice of local solicitors.
Step 6Making an offer
When you have found a property that you wish to buy, Pinkerton Murray will put forward an offer to the seller on your behalf verbally and in writing. At this stage, you may be asked to show that you are able to proceed (for example provide evidence that you have the finances in place or a mortgage agreed in principle). Remember, there are no legal obligations or either side until contracts are signed.
Step 7Offer agreed
When your offer is agreed Pinkerton Murray will:
- Prepare a memorandum of sale
- Write to all parties and confirm the price agreed
- Ask you to confirm your solicitor’s and Mortgage broker’s details
When your offer is agreed you will need to:
- Instruct your solicitor to proceed with the conveyancing process
- Ask you mortgage broker to proceed with your application
Step 8Conveyancing
Conveyancing is a legal term used to describe the process of transferring the title ownership of property from one person to another. Your solicitor will act on your behalf with the assistance of Pinkerton Murray and you will be kept well informed throughout.
Your solicitor will:
- Receive the draft contract from the seller’s solicitor
- Check all aspects of the draft contract and raise any enquiries
- Research the property and area on your behalf
- Agree a date for contracts to be exchanged
Step 9Survey and mortgage offer
The mortgage lender will usually require a survey of the property to identify any structural issues with the property and advise on the property value. A Mortgage Valuation Report will be sent to the lender and a formal mortgage offer will be sent to you and your solicitor. The formal mortgage offer should be signed and returned to the lender.
Step 10Exchange of contracts
Once the buyer and the seller are happy with the contract, they will sign final contracts and send them to each other. Only at this stage is the contract legally binding.
Step 11Completion
Completion happens when the money for property is transferred from buyer to seller. The sale is now complete and you will get the keys for your new property as soon as the money has cleared in the seller’s solicitor’s account.