Testimonial for Jessica at our Thrapston branch
'Dear Jessica, A few words of thanks regarding your help with the purchase of our property. We have been in…Read more >>
As market leaders in our area, Simpson & Partners offer a ‘Fresh’ approach to buying properties that includes independent, all of market mortgage consultancy and conveyancing services. This means we can help you find, finance and purchase your new home, all under one roof. So remember, check the ‘Fresh’ property search as well as those listed in this section. And when you find a property and you want us to help, we have everything in place to get you moving.
Whatever the services you ask us to provide on your buying journey, you can rest assured that the Simpson & Partners expert teams are committed to ensuring your Buying success.Contact us today to start your own journey.
Buying a new home is exciting but can also be stressful. To help take some of the uncertainties out of the process it can be useful to fully understand the various steps involved.
Buying a property is probably one of the largest financial transactions you will ever make so it is important that you should work out your maximum budget before you start house hunting. It’s likely that If you are a current homeowner you will be planning to use equity from the sale of your existing home towards the purchase of your new one. So, you’ll need an up to date market valuation. Simply call any one of our nine offices to arrange a FREE market appraisal with no obligation.
With your budget set, whether or not you are looking for a first mortgage, re-mortgaging or securing a mortgage for an investment, it is time to explore the sometimes bewildering world of mortgage products. At Simpson and Partners we have our own Financial Advisors allocated to each of our branches offering free independent advice. We’ll be happy to arrange for you to talk to one of our colleagues in Simpson Financial. Unlike many financial advisors, we have access to the whole mortgage market and so their only aim will be to find you the best mortgage to suit your needs. The sooner you talk to us the better. By having a mortgage agreed in principle, you’re in a stronger position when you set about buying your next home.
Your first step to finding the perfect property is by letting us know just what you are looking for. Contact or visit any one of our eleven offices and discuss your requirements with us. Or you can register online. It’s that simple. As soon as we know what you are looking for we will match your requirements to all of our current properties for sale as well as adding any new instructions that match your criteria. We’ll keep you updated at all times by phone and e mail. Relax, we’ll find that perfect property for you.
We’re open longer so that we can make sure that when you want to view one our properties, we are there when you need us. We will either drive you or meet you at each property and be on hand to help answer any questions that you may have. We know that you will want to gain as much of a view of the property as you can and so we aim to make each viewing as relaxed and informative as we can.
Now you have started looking for your next property it is important that you instruct a solicitor, preferably one who knows the local area and specializes in conveyancing. Simpson and Partners have a number of preferred conveyancers we can recommend who we know will work with us to get your transaction through as quickly and effectively as possible. Just call us and we’ll send you a buyer’s information pack through the post.
We’ve shown you a property you want to buy and you want to make an offer. Great, we’ll put your offer forward to the seller and help to liaise between both sides until an agreed price is arrived at. At this point you may need to demonstrate that you are in a position to proceed, which of course you will be able to do thanks to your mortgage agreement in principle, agreed in Step 2 of your journey.
Once your offer is accepted by the seller, we can prepare a memorandum of sale. We will also write to all parties confirming the agreed sale price. At this point you will need to instruct your solicitor to proceed with the conveyancing. They will raise any questions relating to the draft contract and Home Information pack from the seller’s solicitor as well as requesting a range of local searches and agree on a date for exchange of contracts. Also at this time you will need to proceed with your mortgage application in respect of the new property. We will work with you and your representatives throughout the process to ensure a smooth transaction.
Your mortgage lender will require a survey of the property to ensure that the property is worth the loan value. They will arrange this mortgage valuation themselves and once the report has been received, a formal offer of mortgage will be sent to you and your solicitor.
Whilst the results of the mortgage valuation may have confirmed that you are on the right track in terms of the value of the property, it is always advisable to commission your own survey, especially if you are buying an older property. There are a number of survey types available, each taking greater detail into account but the most commonly requested survey is the RICS Homebuyers Report which is specifically designed to inform you about the condition of the property by highlighting the area of attention prior to purchasing. Not only can your survey save you a great deal of unexpected remedial costs but it can give you grounds for further negotiating on the asking price. Simpson and Partners can guide you through the survey process as well as helping to resolve any issues that may arise.
Once your solicitor is in receipt of all appropriate paperwork he will arrange an appointment to go through the contract in readiness for exchange. At this point you will need to have arranged buildings insurance for your purchase and also have funds ready to transfer. A date will be decided to legally exchange contracts and also to discuss convenient completion dates. If your property purchase is subject to a chain then each party in that chain must be happy to agree to the dates proposed.
Once agreement has been reached your solicitor will exchange contracts. At this point you are entering the legally binding part of the process and you will, through your solicitor transfer your deposit (usually 10% of the purchase price) to the seller’s solicitor. A completion date, always a weekday, will be set by mutual consent.
For completion on your purchase your solicitor will arrange for funds to be sent by you and your mortgage lender as cleared funds a day before agreed completion. Before you complete your solicitor will send you a statement showing the outstanding balance including their fees which will need to clear in their account at least one day before completion. On completion day the balance of the monies for your purchase are transferred from your solicitor to the seller’s solicitors account. When the funds are confirmed cleared you can pick up the keys to your new home from the appropriate Simpson and Partners office.
Congratulations, another journey successfully completed, the Simpson and Partners way.