There is a huge range of mortgage products on the market. The one that you choose will potentially have a significant impact on your immediate and medium term future. We urge all our buyers to talk to an independent broker. They have the ability to choose the best product for your specific needs rather than be restricted to a single provider, which would be the position if you went to a bank or building society.
We work in conjunction with Chapplins financial services who, we believe, provide the best products and service on the market. Their advice is free and there is no obligation involved, so we do recommend you talk to them before making a definite decision.
When is the right time to get mortgage advice?
It is imperative, in the current market conditions that your finances are in place before you find a property that you want to buy. The vast majority of vendors will not accept an offer unless the prospective buyer is in a position to proceed. In most cases, this will involve having a sale agreed on your current property and being able to show you have finance agreed moving forward. So in short, sorting the finance is something that should be done at the beginning of the process.
Please do not hesitate to contact us if you would like to talk to our mortgage advisor.
What does a conveyancer do?
Conveyancing is the legal process that covers the purchase or sale of a property. Your conveyancer will take the process from an accepted offer, through to exchange of contracts and completion. Although largely an administrative process, it is a highly specialist field and requires someone with very particular attention to detail, considerable problem solving skills and an up to date knowledge of the legislation. Many people have approached us over the years whose sale or purchase has failed, not because both parties were not committed but, because of inefficient conveyancing.
What is T&K’s involvement in the process?
We devote huge resources to driving the conveyancing process forward. Once a sale is in progress we are completely committed to ensuring that it exchanges and completes in a timely manner. There are very few sales that do not have some sort of chain involved and your solicitor or conveyancer will tend to only deal with you and the other side’s representative. We, as your agent will try and manage the whole chain. We have, on many occasions, kept a sale on track by solving a problem for a vendor or purchaser many times removed from the direct transaction we are managing.
Who should I instruct?
We work with a number of specialist solicitors and conveyancers who are as committed to ensuring your sale goes smoothly as we are. Our preference that you select someone from our panel as we know that they will communicate with us and let us know if they hit up against any problems. We can then talk to other parties in the chain to try and resolve the issue and, hopefully, move the sale along. In the event a solicitor will not communicate with us our ability to progress the sale is greatly reduced.
How long does it take?
The average sale takes 3 months to exchange and complete but that can be reduced or extended depending on multiple variables. Before we put an offer forward we will establish, as best we can, exactly how many other people are potentially involved in the sale. Clearly, the more parties involved in the chain the more potential there is for unforeseen complications. Before you accept an offer it is imperative that you understand what may be involved so that you are making an informed choice.
The great majority of house buyers will require a survey to be done of the property they are interested in, before they finally commit to the purchase. It’s very important to get the best advice here, in particular the right type of survey to have to suit the property itself and also any lenders’ requirements, as may be relevant.
T&K have excellent relationships with a number of local, RICS-qualified, independent surveyors, who cater for all requirements covering Energy Performance Certificates, basic property Condition Assessments, the more detailed Home Condition Reports, right up to full Structural Surveys.
So, whatever your needs, talk to us and we’ll gladly introduce you to them.