House buying stages

mrcjevans

I have googled this but couldn't find the info, we have a broker and have an AIP for 275k, I've located a house I am interested in making an offer on, what happens next, do I call the agent and thell them I want to offer X then go to my broker or what?

Thrugelmir

Call the EA and make your offer. If a price is agreed. Then proceed with your full mortgage application.

SavingSteve

And if the agent asks for any proof you can afford tell them to speak to your broker.

poormaria

Has your broker offered to help? if so contact them.

Failing that make an offer to the estate agent, remember.. go lower and increase

kingstreet

House purchase process runs like this;-

Offer agreed
Solicitors instructed
Sales memorandum issued by estate agent
Purchaser applies for mortgage
Vendor's solicitor prepares and issues draft contract to purchaser's solicitor
Vendor completes seller's enquiry forms and returns to their solicitor
Valuation/survey carried out
Purchaser pays their solicitor for searches
Searches requested by purchaser's solicitor
Renegotiation of price due to survey findings - if required
Mortgage offer issued
Purchaser's solicitor receives seller's enquiry forms and raises any enquiries with vendor's solicitor
Searches returned to purchaser's solicitor
Responses to enquiries from vendor's solicitor to purchaser's solicitor
Purchaser visits solicitor to go through paperwork, hand over ID and deposit
Completion date agreed between all parties
Contracts exchanged
Purchaser's solicitor sends purchase funds to vendor's solicitor
Completion takes place
Vendor's solicitor receives purchase funds and authorises key release.

The order might be a little out in one or two places and some things can take place concurrently, rather than consecutively to save time.