A Quick Guide To Buying Your New Home 

• We will ask you to provide proof of your identity and your current address.
• We will record your offer subject to proof of funds for the purchase.
• We will present your offer to the seller and let you know as soon as they respond to your offer.
• We will check the links in the property chain to make sure that the sale can proceed.
• In the event that you have not yet applied for and require a mortgage, subject to advising us of your circumstances, we will inform the seller that you can afford to purchase the property, subject to your application. We will not however, reveal any confidential information at this stage.
• We will continue to market the property, pending survey request and act in accordance with our clients’ instructions.

• If you need assistance completing your mortgage application, we will help you and there will be no charge
• When all references have been satisfactorily obtained, the lenders will conduct a valuation survey property to ensure that the property meets valuation
• If you have instructed a building survey, condition report or a homebuyers report you will receive a copy from your surveyor on completion.
• We will discuss the survey with you and should there be any concerns discuss these with the seller.
• You need to appoint a conveyancer, usually a solicitor and if required we can assist and get you a quote from one of our conveyancing partners.
• When you are in a position to proceed, we will inform all concerned parties by issuing them our Memorandum of Sale.
• The property will then be treated as sold subject to contract. Until contracts are exchanged, we are contractually obliged to pass new offers to the seller, unless however they tell us not to. We will of course inform you if any offers are received.
• When an offer has been accepted, we will ask our client, whether or not, we should continue to market the property. Where the property remains on the market, we will notify you.
• Your conveyancer will take you through each stage of the legal process.
• Throughout the conveyancing process, we will keep you up-to-date with the progress of your purchase and liaise with conveyancers to ensure the sale progresses smoothly.
• Please remember that, at this stage, the buyer or seller can withdraw from the sale at any stage up until contracts have been exchanged.

• When the conveyancers have carried out all the required checks and prepared the necessary documentation, they will exchange contracts.
• Your sale is now legally binding and a date will be set for completion, this is the date on which the property ‘Title’ transfers to you and you can move into your new home.

During this period we will:

• Liaise with conveyancers and other concerned parties to finalise the completion date.
• Organise the handover of keys.

To comply with the Money Laundering Regulations 2017, Northwood Beverley and Hull reserve the right to use an online anti money laundering service to verify the identity of our clients.  Electronic Verification does not require consent prior to a search taking place but does require notification.  Electronic Verification leaves a non-credit footprint of the search history on the client’s credit file.

Your home may be repossessed if you do not keep up repayments on your mortgage.