First Establish how much you can borrow.

We will be able to assist you with establishing how much you can borrow. Once we have this information you will know what price of house you are able to look at.

Obtain an Agreement in Principle.

Next, you will need to apply for an Agreement in Principle which involves a credit check. We can process this for you and will talk you through it step by step. 

Find and reserve your new home

The next step is to find your new home and put down a reservation. This will involve filling out paperwork with the developer and paying a reservation fee.

Submit your mortgage application and instruct a solicitor.

Once you have completed your reservation the next step will be to get the full mortgage application submitted and your solicitor instructed.   We will submit the mortgage application to the lender as well as providing them with all requested information.

Exchange of Contracts

Exchange of contracts on a new build takes place around 30 days after reservation. This is where all parties sign the agreement and you will be required to pay over a deposit, which is usually 10% of the purchase price.   Once contracts have been formally exchanged you are legally bound to purchase the property.

Completion

This is the exciting part!! This is when get the keys to your new home!! The date will be agreed between you and the developer once the build of your new home is finished.