Tips for buyers

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Tips for Buyers - View Properties

There is no escaping that the process of buying property in London can be complicated and convoluted if not handled properly. Whether you’re a local or international buyer, we will guide you through the entire experience, offering expert advice at every stage.

The best way to approach buying a property is to take it step-by-step:

1. Budget

Prior to beginning your property search, you should ideally have your finances in place. It will save you time and stress further down the line. If required, you should have a mortgage agreed in principle indicating how much money you have to fund the purchase.

2. Register your interest

Once you have decided on your budget, register with us so we can help you with your property search. So we can find the best property for you, give some thought to the following elements before we speak:

  • Location – narrow down the area you want to search in and decide what criteria are important to you. Things to think about could include; how close to a tube station or a park do you want to be? How important is it to have good restaurants and shops nearby?
  • Let us know if you are willing to consider areas you don’t know so well in order to get more for your money.
  • Property Features – it can be helpful to draw up a ‘wish list’ to establish the most important considerations for your needs. Does each bedroom need to have an en-suite? Will a communal garden suffice for outside space?
  • There will undoubtedly be some compromises to make along the way so putting your priorities in order of importance can be a good sanity check.
  • Timescale – inform us if you need to move by a certain date. We’ll also need to know if you need to sell your property and if it is on the market yet.

3. View properties

Once we have a thorough understanding of your needs, we’ll shortlist relevant properties for you to view.

Viewings are made a time that is convenient for you, and we’ll accompany you to every viewing to answer any questions you may have.

Great properties don’t remain available for long, so if you see something you love, let us know straight away.

4. Put in an offer

Proceeding with an offer is a huge step. You won’t be doing it on your own though. We’ll be with you at every stage, offering advice on how to proceed.

In considering your offer, the vendor will want to know more about you as a buyer. They’ll be interested to know details about your buying position, timescales, what you want included as part of the purchase and how you intend to fund the purchase.

Once a sale is agreed, we will be the main point of communication between all parties, including solicitors. We will keep you updated every step of the way.

5. Instruct a solicitor and arrange a survey

The successful purchase of a property can be reliant on the use of a good solicitor. You should look to appoint one that has experience in the area you have chosen to buy, as well as knowledge of the local property market.  This can be invaluable if you are thinking about extending the property.

Your solicitor will undertake all conveyancing work on your behalf such as requesting searches and agreeing on a date for exchange of contracts.

A survey of the property will normally be arranged by your mortgage lender to identify any structural problems and advise on the property’s market value. If you do not require a mortgage, the responsibility for organising a survey falls on you.  We can advise you on which type of survey would be most suitable and recommend some reputable local surveyors if required.

6. Exchange contracts

When all enquiries have been satisfied, a binding contract will be agreed, this is called the ‘exchange of contracts’.

Once the contract has been signed by both parties the deposit (on average this is 10% of the purchase price) will be transferred from your solicitor to the seller’s solicitor. The completion date is then set by mutual agreement.

7. Completion and move

This is the final step before you can get the keys to your new property. Completion is when the remainder of the funds clear from your solicitor’s account to the vendor’s solicitor’s account. This is when the keys are released, and the property is officially yours. We can hear champagne corks popping already!

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