5. Get the Home Report
Every seller has to arrange a Home Report before selling their property. This includes a property questionnaire with information on the property, such as its history, Council Tax band and any changes made to it. The Home Report also includes the property’s Energy Performance Certificate (EPC) and a survey done by a qualified surveyor, which includes information about the property’s condition and property’s value.
The Home Report contains a lot of vital information about the property’s current condition, so it’s important to read it carefully before making an offer.
6. Make an offer
Once you’ve found what you’re looking for and had your mortgage agreed in principle, it’s time to make an offer. Think carefully about what you would be willing to pay, if you go too low, you risk not being seen as a serious buyer, so make sure your offer is realistic. Equally, don’t go in too high and miss the mark completely. Remember, your dedicated estate agent will be on hand to guide you through the process. You’ve found out your offer has been accepted? Fantastic! Relax, and take a deep breath. It’s about to get serious.
In Scotland, when there is more than one interested buyer, the seller’s agent will usually set a closing date by when all prospective buyers submit their offers via their lawyer. To improve your chance of having your offer accepted, including a written offer from your property lawyer, explaining your circumstances and commitment is good practice.
7. Arrange a mortgage
Once your offer is accepted, it’s time to arrange your mortgage. Remember that your mortgage agreement in principle (from step 3) usually expires after 30 or 90 days (depending on the lender - some expire earlier) so it’s worth checking what’s new to the market and seeing if you can find a better deal.
Our mortgage services offer you three types of service:
- Help to find: After you’ve provided them with information on your dream property, they’ll do the searching for you.
- Information: Receive information and advice on the house buying process, from start to finish, including the right lenders and a full explanation of costs.
- Comparison: Ideal for those who have already found their next home and want to secure the best mortgage for their circumstances.
Visit our mortgages section to find out more, or arrange an appointment today for a no-obligation chat with a mortgage advisor.