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Buying a


10 Steps to help you buy property

Step 01

Determine your budget

Buying a property is likely to be one of the largest transactions you ever make, so it is important that your calculations are correct from the start.

Every buyer works to a budget, whether you're looking at a studio or six bedroom house you'll need a budget to enable you to look at relevant property available in your price range. Take into consideration if appropriate, any cash you plan to use from the sale of your existing property (equity). If you are planning to use the equity held in your existing property we would always recommend getting an accurate up to date valuation from us in order to then proceed to the next step.

It is important to factor the essential services and taxes involved in buying property into your budget calculations. The most common include - stamp duty, conveyancing, searches, land registry and surveys.

Whether you are applying for your first mortgage, re-mortgaging or securing a mortgage for an investment property - speaking to an expert in this field is best, ours will guide you towards the right mortgage for you. Deciding on a mortgage first will give you the confidence and understanding of your budget that you require to put you in a strong position when you do find the property you want ensure you speak to our advisors as soon as possible we can arrange it all for you, just ask any member of staff to arrange an appointment for you

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Step 02

Finding your property

Online search tools have made the process of finding property easier than ever, however you may not be aware that some of the best properties with desirable locations, sell before they are listed on the larger property portals.

We highly recommend that you create email alerts on our website to stay informed of new properties that meet your desired requirements. We also recommend getting to know the team at your local branch who will be happy to keep you up to date with properties that match what you are looking

Not sure what you are looking for? Ask yourself what you need, what you would like and what would be a nice to have. Think about where you want to live and what you need from that area such as shops, transport links and schools. Do you prefer a new build property with the convenience of no chain? Think about what type of location you would like to live.

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Step 03

Viewing a property

Build up better knowledge of what the property is like to live in by visiting the property at different times of the day taking note of which way the garden faces and the parking arrangements Get clarification on what is and is not included in the sale price, ask what type of heating it is and ask if there are any guarantees. Take a notepad and ask lots of questions.

After the viewing providing feedback to us will help us build a stronger understanding of your wants and needs in order to find the best property for you.

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Step 04

Making an offer

So you've found a property you want to buy. The next step is to reach an agreement with the seller on the price. Think about this carefully. Give consideration to how the property compares with others you have seen, how well it meets your requirements, your budget, competition from other interested buyers, and consider what would happen if your offer is not accepted.

There is a common misconception that you should not pay the asking price but this depends on the property. There are many examples of property selling at or above the asking price where there has been interest from lots of buyers

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Step 05

Arrange Conveyancing/Solicitors

Conveyancing is the process by which the legal transfer of property from one person to another is made. The buyer or their solicitor/conveyancer examines the legal documentation for the property and raises questions in order to approve the contract of the sale.

After your offer has been accepted, you and the seller of the property will exchange details of your solicitors/conveyancers who will then contact each other to start the process. They are there to advise and guide you through the process, explaining the paperwork and forms and making sure that your purchase is as it should be. At Brian Cox we work with many solicitors and are happy to recommend a local solicitor to keep things flowing even easier.

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Step 06

Arrange a Survey

There are three main types of survey; a Mortgage Valuation, a Homebuyer Report and a Building Survey.

If you require a mortgage then your bank will insist on at least a Mortgage Valuation to establish that the property is good security for the loan. You will usually have to pay for the Mortgage Valuation. You can also request a more in depth report about hpl board be done instead.

A Homebuyer report is ideal for more conventional residential property built within the past 100 years and includes a detailed visual inspection of all aspects of the property that are available for inspection.

A full or structural survey is suited to older properties, or properties which may have different forms of construction or undergone major changes. A detailed inspection of all visible areas of the property is undertaken

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Step 07

Mortgage offer

You will receive a Mortgage Offer from your lender in which the final details of the loan you are receiving are given. You and your solicitor should check this thoroughly. At this stage it’s important to have arranged your life assurance to cover the loan.

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Step 08

Contracts exchange

This is when you hand over a deposit usually 10% of the purchase price. Contracts are exchanged once both you and the seller and solicitors are happy that everything is in order, a date for completion is agreed which will be the day you receive keys for the property. Building insurance should be put on risk at this point.

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Step 09


This is the day the final payment is made via the banking system and solicitors you will now get the keys to the property you have bought. For most this is the day they move in to their new home. Probably one of the more pleasant parts of moving home for most.

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Step 10

Don’t forget to let friends, family, doctors, banks, the post office and DVLA know that you have moved and begin to enjoy life in your new home!!

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Living Locally


With a network of 5 branches located within a few miles of each other, we have an impressive presence in the property market. Our high street visibility and local knowledge makes sure your property is exposed to an extensive buyer catchment area, all for a single agency fee.

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