0845 017 0688
1
You've found your solicitor, know what you can afford to borrow and found the property you want to buy.
We can help you fill in the mortgage application form and get the required funding to assist your purchase.
2
The mortgage lender will commission a valuation report through an approved surveyor. You will normally need to pay for this.
3
If you are buying an older property we would suggest you commission your own Home Buyer report or Building Survey. This could save you a lot of hassle in the long run if you find things were not as they seemed when you bought the property.
4
Contact your solicitor. Give them all the details of the property, the seller and your lender(s). We can arrange a solicitor for you
5
The lenders valuation report is issued. Things will progress in 1 of 2 ways:
- The mortgage is agreed subject to conditions. This may be with the requirement of repair work. If this happens, get quotes, perhaps try to get the seller to pay for the repair or negotiate a reduction in the purchase price. Once agreed the lender’s surveyor will re-inspect the property.
- The mortgage is agreed and the purchase proceeds.
6
The solicitor carries out searches; they check the title and other issues. If everything is in order they will send you paperwork and bill costs. You will be required to pay for the searches up front.
7
The exchange - you sign the paperwork and return it to the solicitor usually with a 10% deposit of the purchase price. The solicitor arranges a completion date. If the property is freehold you must get adequate buildings insurance immediately. Call us on 0845 604 1867.
8
You are now legally buying your property and it is advisable to be setting up all your required utilities and household insurance. Ideally, it should start on the date of your completion and or move in date.
9
Completion day. Legally complete and pay the remainder of the purchase price. Collect your keys from the seller’s estate agent.
10
Moving day. Lots and lots of boxes!
THE OVERALL COST FOR COMPARSION IS 6% APR (MOST PEOPLE WILL RECEIVE A LOWER RATE THAN THIS)
NHS mortgage services & NHS property services are trading styles of Brinc Ltd which has partnered with First Choice Finance to offer you an extensive range of mortgages and remortgages. First Choice Finance. Will consider all applications on an individual basis so even if you’ve had credit problems in the past they could still help you with a great mortgage deal and get you the money you need to mortgage your property and still have cash left to make renovations, take a holiday of a lifetime or make that special purchase!
First Choice Finance is a trading style of Termpart Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire SK6 8DX. Consumer Credit License No 0255609. Company Registration Number 2316399. Financial Services Authorisation Number 302981.