PHILIP BANNISTER & CO recognise the fact that the purchase of your new home is likely to be one of the most exciting, important and expensive transactions you are ever likely to undertake.
We would love to help you find your new home. Our experienced staff have unrivalled knowledge of all local amenities whether it be local schools, doctor surgery’s, leisure facilities or just somewhere for a relaxing walk.
Before browsing our current range of properties, why not use our helpful guide below to familiarise yourself with the buying process:
Step 1: Register: By using our online Registration Form or calling us directly we can gather your information and property needs. This will give us an insight into your personal requirements, thereby enabling us to accurately match the details we send to you. Once registered, you are then in a position to receive details from us directly, via the communication route that best suits you. Many properties are sold to our mailing list before they even have time to reach the internet, so to get the latest properties first register with us.
Step 2: Mortgages: For most buyers, a mortgage is an essential part of the house buying process. In order to speed up your purchase, it is advisable to get a mortgage agreed in principle before viewing any properties. We here at PB & Co offer independent mortgage advice from our in-house financial advisor. Why not book a free appointment and find our how much you can borrow. In the meantime, take a look at our useful Mortgage Calculator
Your purchase may also be liable for Stamp Duty. This is something you should factor in to your budget. To work out your Stamp Duty click here
Step 3: Viewing & Offer: After creating a shortlist of properties it is now time to view your potential new home. Our friendly team are available to arrange those all important viewings of your selected properties. Please contact us to arrange a mutually convenient time.
Offer: Once you have located your ideal property, you should then submit your offer. We will forward your offer to the vendor for their consideration. This is done both verbally and in writing.
NB: Please note that all offers are “subject to contract” and therefore neither party is legally bound until the contract is actually exchanged.
Step 4: Survey: It is generally the requirement of any mortgage for a surveyor, appointed by the lender to carry out a Mortgage Valuation and basic survey before a mortgage offer can be approved. Even if you do not require a mortgage it is still recommended that you instruct a surveyor to check the property is structurally sound before you purchase.
There are generally two types of survey in addition to the Mortgage Valuation:
1. Homebuyer Survey/Valuation – The objective of the Homebuyer Survey is to provide a more in depth report which will assist the buyer in making an informed decision whether to proceed with the purchase and also whether the agreed price reflects the actual value.
2. Full Structural Survey – This survey is comprehensive and lists full technical details of the construction, materials and condition.
Step 5: Solicitors: Once your offer has been accepted you will need to instruct a solicitor to act on your behalf. At PB & Co we will be happy to introduce you to specialist solicitors who will handle all the legal requirements of your property purchase.
Step 6: Exchange & Completion: Completion is sometimes agreed anytime up to a week or more after exchange of contracts, although usually it will occur on the same day. The balance of the purchase price is transferred by your solicitor to the seller’s solicitor and the keys released to you
Congratulations! You are now the owner of your new home!