Lettings and Sales in Acton, Ealing, Chiswick, Hammersmith, Fulham, Earls Court, Kensington and across West London from Citydeal Estates letting and estate agent

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Purchasers

Please find below a list of steps that you should go through when buying a new property. We recommend that you register your details with us so that we may contact you should we find a property for sale that meets your requirements.

Steps to buying a home

  1. Decide on the property type and location that interests you
  2. Agree a mortgage (in principle) with a mortgage lender
  3. Do your homework! Calculate the cost of buying a property and moving in
  4. Register with us
  5. Choose a solicitor and inform them of your intention to buy
  6. View you potential dream homes
  7. Once you have found the place you would like to buy, make an offer
  8. We will state your offer and tell you if and when your offer is accepted
  9. Once the offer is accepted instruct your solicitor to act
  10. Your solicitor contacts the sellers solicitor requesting title deeds and initiates contract negotiations
  11. You now make a formal mortgage application
  12. Your mortgage lender will request a surveyor to carry out a mortgage valuation on the property
  13. Choose a surveyor and pick the type of survey you want
  14. Your mortgage lender accepts the valuation report, and agrees the loan
  15. Your surveyor forwards a report on the property for you
  16. You decide to proceed with the purchase on the basis of that report
  17. Arrange buildings insurance, to be in place upon exchange of contracts, this can be arranged through us.
  18. Your solicitor carries out a local authority search and makes enquiries into the propertyís fixtures and fittings
  19. Your solicitor finalises contract details with the sellers solicitor, this will be held until the exchange date
  20. Contracts are exchanged; your solicitor sends the deposit and sets a completion date. If you back out now you lose your deposit.
  21. Your solicitor requests that your mortgage lender makes funds available on the completion date
  22. Your solicitor finalises searches on the property
  23. Your solicitor prepares the transfer deed; signed by you and the seller. It is held by the sellerís solicitor until completion
  24. You instruct your bank to transfer any funds not covered by the mortgage
  25. Your mortgage lender transfers funds to your solicitorís account
  26. On the completion date, your solicitor transfers funds in return for the transfer deed, Land Registry certificate and keys
  27. You arrange contents insurance to start on the day you move into your new home
  28. Your solicitor pays the Stamp Duty, has the transfer deed stamped, then sends it to the Land Registry to record you as owner
  29. Your solicitor passes the title deed to your mortgage lender as security and sends you a bill