Buying a Property: Key Considerations for Homebuyers

Firstly, you must ensure you have your financial affairs in order.

At the outset of the transaction, we (and your estate agent) will need to see documentary evidence of your deposit. In most cases, this will be 10% of the purchase price of the property.

You must ensure that your deposit is available in readiness for the exchange of contracts with the seller.

It is also important to note that if a gift funds any part of your deposit, you must provide documentary evidence to us.

Your donor will also need to sign a gift letter. The earlier you can provide this information to us, the quicker your transaction can progress.

If purchasing a property with a mortgage, it is wise to contact a mortgage broker who can do the research for you.

Once you have found a suitable product, the mortgage offer will be issued to us on the lender’s portal or in the post.

We can review the document and prepare the report and deed for signing upon receipt.

Another key step in the conveyancing process is ordering searches.

At Myerson, we work with a trusted provider who can deliver quick results within a short turnaround time.

Our standard search packages cost between £300.00 and £500.00.

We recognise that every property is unique, so we will discuss the best package for your circumstances before lodging your order.