Buying a property can be confusing, especially if you’re a first time buyer! With our team of experienced property professionals, we endeavour to make the buying process as easy as possible. All of our award-winning estate agents are trained to understand every step of the buying process and can help you at any stage.
If you encounter any problems, or you have any questions during the buying process, you can contact us at any time.
So, what is the typical process of buying a house with Prospect?
The first step in the buying process is getting a mortgage approved. Getting your mortgage Approved in Principal (AIP), allows you to take action as soon as you have found the property of your dreams. Prospect is partnered with the Mortgage Advice Bureau to provide you with independent financial advice.
Call us today on 0118 955 9735 to arrange an appointment with one of our experienced Financial Advisors.
Registering with Prospect is the next step towards finding the home of your dreams. By registering with us, one of our expert agents will contact you when a suitable property meeting your requirements comes onto the market. You will also be informed about a property’s availability before it has even been advertised online. There are a number of ways you can register with Prospect, either register online, in person or by phone – simply contact your local office, let our agents know what you’re looking for and we’ll do our best to find you a property that suits your needs.
Using our simple property search facility on our website, you can search for the home of your dreams from your PC, tablet or smartphone. If you find a property you like the look of, you can click for more information and book a viewing at a time that suits you! Our website is updated daily, so don’t forget to check regularly for new properties.
Once you’ve found a property that you like, you can arrange a viewing at a time that suits you, so you can go and take a look around. There are a number of ways you can book a viewing with Prospect:
We offer an accompanied viewing service 7 days a week, from early morning to late evening, providing the utmost flexibility when booking viewings. You also have the option of being chauffeured to viewings by one of our experienced agents, or you can meet them at the property if this is more convenient.
After you have found a property you interested in, been on a viewing and decided that it is the property of your dreams; the time has come to make an offer. One of our expert Valuers will have valued the property so you know how much it is worth and you can make an offer based on this valuation.
If your offer is accepted by the vendor, your personal Client Manager will inform you and congratulate you on your successful offer! This means the person selling the property is happy with what you have offered and you can continue with the buying process to completion.
A Property Solicitor (also known as a Conveyancing Solicitor), will take control of the legalities of your purchase after your offer has been accepted. They will finalise your mortgage details and put everything in place to make the purchase. Your Property Solicitor will also assist you later in the process when the time comes to exchange contracts. Prospect works closely with a reputable team of Property Solicitors, click here to learn more.
Not all property faults are visible to the untrained eye and a variety of underlying issues, from hazardous electrics to rotting windows, often go unnoticed. Surveys are recommended by the Consumers Association and the Council of Mortgage Lenders; they are not something that you should cut corners on. Prospect works closely with a team of Chartered Surveyors and Valuers who will give you a full report presented in a clear format, which highlights any significant defects or problems that require urgent attention with the property you are looking at buying.
The exchange of contract is when your purchase becomes legally binding. You will sign the contracts and then your Property Solicitor will hold them until the vendor’s Solicitor is ready to send their contracts. When both parties are ready, the contracts will be exchanged, which officially marks the changing of ownership of the property.
Approximately one week after the exchange of contracts, you will complete your purchase. The legalities of the process have now been completed and you officially own the property. The final stage of the buying process is to move into your new home!
If you have any questions about the process of buying a house with Prospect, please get in touch with your local Prospect branch.