The buying process

ByPaula John | 04 Feb 2013 | Be the first to comment

  • Print
  • Send to friend

A step-by-step guide to the process you will go through to purchase your property.

Step 1

After your offer has been accepted by the seller (the vendor), you need to send your mortgage application form to the lender who will then instruct a surveyor to go and look at the property and produce a valuation report.

Step 2

You need to commission your own survey of the property at this point, especially if it is an older property. This will let you know if there are any structural problems.

Step 3

The next step is to get a solicitor to help you with the legal side of the purchase. You should provide them with details of the property, the seller and their estate agent and your own lender.

Step 4

The lender then receives the valuation report and makes a final agreement to lend you the money for the purchase. The lender may specify certain terms to be fulfilled before the money is lent, such as work that needs to be carried out on the property. If this is the case, get at least three quotes per job and then either arrange for the seller to pay or negotiate a reduction in the asking price.

Step 5

The surveyor will revisit the property for another inspection after any work is completed. If they are satisfied, the lender will agree the mortgage.

Step 6

Your solicitor will now conduct searches on the property through the land registry, which you pay for upfront. This is to check any plans for the area which may affect your property. They will also ensure everything is in order with the title deeds. If so, they will draw up the legal paperwork and send it to you, along with their bill.

Step 7

At this point, you sign the contract your solicitor has sent and give them your deposit. They will then arrange a completion date for the purchase.

Step 8

You can now start planning your move as you are legally committed to the purchase and, all going well, you will be free to move in on the completion date. Start arranging direct debits for your bills and ensure your insurance has been sorted out.

Step 9

Call the seller’s estate agent on completion day to arrange picking up the keys. You need to have buildings insurance in place and it is advisable to complete arrangements for contents insurance at this point.

Step 10

Collect the keys and move in!

Visitors comment

                          comments powered by Disqus

Speak to an adviser

Free expert mortgage advice


Follow the link below to fill in our simple 3 step form and you will be contacted by a qualified mortgage adviser who will help you with your requirements.


Mortgage best buys


Compare the latest mortgage rates using our compare
mortgages tool


Use our easy-to-use mortgage calculators to find out how much you could borrow and calculate your monthly repayments

Ask Paula

Ask Paula


If you have a question about mortgages or homebuying, why not ask Editor in Chief Paula John?

Paula is CeMap qualified.

Your Mortgage today


Mortgage best buys

Compare the latest mortgage rates
using our compare
mortgages tool.

Your Mortgage guides

Download your FREE guides

The buying process

A step-by-step guide to the process you will go through to purchase your property.

Guide to moving home

Before you start looking for a specific property, it makes sense to choose a defined area and check it out.

Your Mortgage Awards

awards rondel 2013

Widely regarded as the UK's definitive consumer mortgage awards, for 22 years the Your Mortgage Awards have recognised and rewarded those lenders and providers that have offered the very best products and services to mortgage borrowers over the preceding 12 months.

Connect with

Sign up for our weekly email alerts

Recieve up-to-date news directly into your inbox from us

Your Money Logo

Make the most of your money from investments, savings, retirement and financial planning.

Get expert opinions, top tips, all the latets news, videos, guides etc