Register with Hanleys

By registering with Hanleys we can help you to start searching for your new property from a substantial database of property throughout Highworth and the surrounding areas. The more detailed information you are able to provide in respect of your requirements will assist us in finding the right home for you. You can register by contacting our office or using our on-line registration form.

 

Arrange your mortgage

Reviewing current mortgage options available, obtaining advice and a mortgage offer in principle should be investigated as early as possible in you property search process. This can save no end of time once you have found your ideal property and could be the determining factor when securing your purchase. Make sure that your confirmation of funding is readily available when you make an offer on a property.

 

Viewing a property

We will endeavor to arrange appointments to view properties at times that are convenient to you. Where possible, we will accompany you to the property during weekdays and Saturdays. However have a couple of suitable times in mind when you book your viewings and as Saturday is a busy viewing day arrange viewings well in advance. Please also remember that Sunday viewings are not always possible.

 

Making an offer

When you have found a suitable property and wish to make an offer, we will submit this to the vendor verbally and in writing. We will require proof of your funding whether buying with cash or mortgage together with full details of you chain should you have one. Throughout the transaction, you should appreciate that Hanley's act for the seller. We will advise them on the value of the property, based upon our knowledge of the current property market conditions at the time of our inspection. - Any offer you make on a property will be subject to contract and is not legally binding on you or the seller.

 

Costs to consider

There are a number of costs to be taken into account when buying a property and it is advisable to assess the total likely budget relevant to your purchase. Typically these will include:-

• Solicitors fees
• Mortgage arrangement fees
• Stamp duty
• Survey fees (if required)
• Local Authority search fees
• Removal costs.

 

Sale Agreed

Once the sellers have accepted your offer, we will arrange for the agreed terms to be sent in writing to all parties. As part of this procedure it is advisable to agree target exchange and completion dates in advance. At this stage you will also need to formally instruct your solicitors, arrange a survey, if required and ask your financial adviser to proceed with your mortgage application. You should be aware that this stage is commonly referred to as sale agreed, the terms are not legally binding (England & Wales) until contracts have been signed and exchanged.

 

Appointing a solicitor

Before a sale can proceed, you will need a solicitor or licensed conveyancer to process the legal work. Whoever you appoint will normally be appointed by the mortgage lender (where relevant) to fulfill their legal requirements as well.

 

Legal Process

Once the vendor's solicitor has obtained the title deeds and other relevant documentation they will prepare a draft contract of sale. Your solicitor will examine all the papers and raise enquiries and related matters about the property and also carryout a land registry search. A local authority search will also be submitted to reveal details of planning consents and matters concerning the property together with other material local issues. Once you solicitor is in receipt of all replies to enquiries, satisfactory local search, your mortgage offer they will contact you to sign the papers and collect your deposit - this is usually equal to 10% of the purchase price. They will then be in a position to exchange contracts with the vendors solicitor.

 

Appointing a surveyor

If you are obtaining a mortgage, the lender will normally require a surveyor to carryout a valuation. This will check for any major structural problems and provide a valuation to the lender. This does not involve a detailed survey of the property and provides no obligations to you. However you may choose to instruct a surveyor to carryout a Homebuyers survey and valuation report or Building Survey, which provide for a detailed inspection of the property and highlight any potential problem areas.

 

Mortgage Offer

Once issued by your lender will be sent to your solicitor with a copy for you. This will confirm the terms of the mortgage and deposit that you will be required to pay.

 

Contracts exchanged

Subject to all formalities being completed, the purchaser and seller sign the contract. The deposit, which is normally 10% of the purchase price, is forwarded to the seller's solicitor, and then contracts will be formally exchanged. At this stage the transaction becomes binding upon both the seller and the buyer. The completion date will be agreed between both parties prior to exchange of contracts and normally will be four weeks from the date of exchange.

 

After exchange

After contracts have been exchanged you will need to put matters in hand to ensure moving arrangements proceed smoothly on the day of completion. If you are selling and buying a property, this will involve a considerable amount of arrangement and it is advisable not to leave it to the last moment. A brief list of the matters which will need your attention are as follows:-

 

• Arrange removals
• Confirm change of address
• Arrange contents insurance
• Arrange for services to be transferred
• Arrange building insurance
• Arrange for redirection of mail

Our staff will be happy to provide further assistance in respect of your move, should you wish.

 

Completion

Shortly before, or on the day of completion, the balance of purchase monies will be transferred from your solicitors to the seller's solicitor's account. Once the property has been vacated the solicitors will confirm that completion has taken place.