Financing your purchase

Initially it is advisable to arrange your finances and, if required, have a mortgage agreed in principle when searching for a property. This will firstly confirm how much money you will have to fund the purchase, which will ultimately influence your property search. Secondly, it will put you in a better position when securing a property to purchase; knowing a prospective buyer is already approved makes you a favourable candidate. Contact our office to speak to our recommended mortgage broker who has access to a wide selection of mortgages as well as exclusive rates not available to the general public to help you obtain the best possible deal available.

Make contact with Agents

Take a stroll down Roman Road, send an email or pick up the phone and register your details with Alexander David Property stating your budget, search criteria and any special requirements. Shortly after registering you will receive an email with a selection of properties that match your criteria. Automatic emails will be sent to you when properties matching your search come to the market. Should you wish to unsubscribe at any point this can simply be done by following a link at the bottom of our automated email.

Viewings

‘The early bird catches the worm’ so try to make yourself as flexible as possible when searching for a property; our agents are available for evening viewings upon request and our office is open at the weekend for those stuck in the office all hours during the week. We will accompany you to viewings and offer you transport to the property so that you don’t have to worry about getting lost or being late.

Make your offer

At this stage it is important to make known your highest possible offer for the property in question; you do not want to lose out on the perfect property for the sake of a small saving. Closed bidding is very common now in the London market, the above scenario is a common problem.

Sale agreed

You should now appoint a solicitor; choosing the right solicitor for your purchase is pivotal when aiming for a swift and smooth transaction. We are able to recommend solicitors that we have previously worked with knowing you will be in safe hands. You will also need to know and provide details of your mortgage or put us in contact with your broker.

Conveyancing and the survey

Once you instruct a solicitor they will raise any enquiries on receipt of the draft contract from the seller's solicitor and they will also request their own local searches often involving local authorities, water and drainage supply’s and trusts with an interest which can cause some delays. Your broker will then arrange a survey of the property.

Once all of this is complete we agree and set an exchange date, this is effectively the point where the final details are agreed and there’s ‘no turning back’ without major financial implications.

Exchange

After the solicitors have gone through the motions, contracts are exchanged. A bankers draft will generally be used to transfer the payment of a deposit (typically being 10% of the agreed price). Prior to this both parties will have signed the contract. A completion date will be agreed by both parties.

Completion

All remaining money is paid to the vendor (from lender, or cash, etc.) and everything is now final. You can now come into our office to collect the keys to your new property.