The Home Buying Process; A Step-by-Step Guide

Most of us don’t regularly buy a house, so it’s no wonder the home-buying process can seem a little confusing at times. However, it’s not as complicated as it can seem. We’ve laid out the steps below to guide you through buying for yourself and buying to let.

The Home Buying Checklist

The following information is about the home-buying process in England. Looking to buy a home in Scotland? How buying works in Scotland.

1. Get your finances in order

  • The very first step for buying a new home is to check how much you can borrow, see how much your deposit will need to be and get a mortgage agreed in principle.
  • This doesn’t tie you into anything – you can always choose a different provider later.
view our range of schemes


2. Find your home

  • Now for the exciting bit – choosing a home.
  • You can search our homes by location, development or nearby school.
start your search now


3. Find a solicitor

  • A solicitor takes care of all the legal aspects of the home-buying process. Remember to shop around for the best rate and make sure you find one that specialises in conveyancing (preparing the property transfer documents).
  • To find out information on finding a solicitor, please get in touch with one of our developments and speak to a sales adviser who will be able to help.

4. Reserve your home

  • Now you've got your finances in order and found a solicitor, it's time to reserve your home.
  • Once your home is reserved, no one else will be able to reserve it.
  • As part of the reservation process we are obliged to complete an AML (Anti Money Laundering) check on all our customers. An AML check is an assessment to make sure you are who you say you are and that you’re not purchasing one of our homes on behalf of somebody else.  We may need you to show that you have sufficient funds and demonstrate (with supporting documents) where the money is coming from, such as the sale of your last home.

  • The check is completed electronically with a trusted partner called SmartSearch on either a laptop or smartphone. Our Sales Advisors will take you through the process before you complete a reservation with us and pay your reservation deposit.

  • Why do we check? As a leading house builder, we have a role to play in preventing financial crime and money laundering as set out in the UK’s Anti Money Laundering Regulations.

     

5. Arrange your mortgage

  • There are plenty of options to consider when it comes to a mortgage.
  • Once you’ve done your research (or spoken to a mortgage adviser – we can put you in touch if you like) you can select the option that’s best for you.

6. Get a valuation and survey

  • Your mortgage lender will want confirmation the home is worth what you’re paying for it.
  • They’ll organise the valuation for you – this will involve a fee. 

7. Complete legal work

  • Your solicitor will look after this for you.
  • It’s all about formally transferring ownership from us to you (known as conveyancing), and checking there are no legal obstacles in the way, like local plans that may affect the value of the property.

8. Exchange contracts

  • Once the legal work is complete, your solicitor will exchange contracts with us. This is when you pay your deposit and commit to the deal taking place.
  • We’ll then invite you to your New Home Tour, where we’ll take you round your new home and show you where things are and how everything works.
  • You can now organise your move.

9. Complete and move in

  • On the date of completion, you become the legal owner of your new home.
  • The full cost of the property is transferred from your solicitor to the seller.
  • Then the keys are yours and you can move in!

Home Buying FAQs

  • The process of buying a house typically involves the following stages: get your finances in order, find your home, find a solicitor, reserve your home, arrange your mortgage, get a valuation & survey, complete legal work, exchange contracts, complete & move in.
  • The time it takes to buy a house can vary depending on several factors, but it typically takes between 8-12 weeks from making an offer to completion of the purchase.
  • The amount of deposit you need for a house can vary depending on the lender and the specific circumstances, but generally, a deposit of at least 5-10% of the property's value is required.
  • The longest part of the house buying process is often the legal process of conveyancing, which involves searches, surveys, and checking the legal ownership of the property. It can take several weeks or even months to complete this process.

Our Offers to Help Get You Moving

Help to Sell

If you’re looking to start your next adventure, but are worried about the hassle of moving, we have a range of schemes available to help you sell your existing home.

Part Exchange

We could be your guaranteed buyer, so no stress or fuss, just an easy move for you and your family. 

 

Own New - Rate Reducer

Own New - Rate Reducer is a brand-new scheme available on new build homes that could mean lower mortgage rates and reduced monthly payments.

Parent Power

If you’re getting financial support from your family or friends to help you get on the property ladder, we could match it, up to a maximum of 5% of the purchase price.

Low Deposit Offers

If you have a low deposit, we have a variety of schemes available to help make moving more affordable.

 

 

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