Getting an offer accepted on a property is always a great moment – but this week we see that rather than being the finish line, it’s actually just the firing of the starter’s pistol.
The process of doing the legals and getting your mortgage arranged can be a lengthy and arduous one, and it’s your job to take control of all the people involved and keep things ticking along. In this episode we go step-by-step through everything you’ll encounter, and provide tips for how to boost your chances of coming through unscathed.
- The preparation you can do with your broker and solicitor in advance
- At what point you’ll have to fork over money
- What your solicitor should be doing behind the scenes (and why you need to check that they are!)
- How to balance patience with keeping things moving
- The critical milestones in the process of getting your mortgage agreed
- What will happen in preparation for exchange
And in case it’s all a bit much to take in, we’ve got a resource of the week to help…
Resource of the week
This week’s resource is an internal RMP document with a flowchart showing what the whole conveyancing process looks like. You can use it as a reference for everything that should be happening with your broker and your solicitor, so you know what to expect and how to keep everything moving.
News this week
Stop everything: one of our predictions was correct!
This Is Money reports that the biggest recent house price rises have been in Glasgow, Liverpool, Manchester and Nottingham – with growth slowing in London.
We’ve been saying for a while that the gap between London and the rest should gradually close, and this seems to suggest that the process is underway.
Join us for a discovery day!
We feel like we rabbit on quite a lot about what we get up to, but it’s astonishing how many people we meet at Meetups have no clue what we’ve got going on outside of the podcast.
So we’re holding a discovery day to fill you in! Not only can you come along and find out about the companies we run, we’re also pulling together a panel of property experts who you can quiz about any gaps in your knowledge.
The cost? Virtually free – we’re just charging £5 to make it less likely that people will grab tickets and not show up. All the money will go to charity: we’re covering the cost of the venue and the tea’n’biscuits ourselves.
And don’t worry – there’ll be no courses or anything nasty to upsell whatsoever.
Join the conversation
What are your top tips for surviving the purchase process?
Any disasters other Hub members can learn from?
We’d love to know, so join the discussion in The Property Hub!
If you enjoyed The Property Podcast, please leave a review on iTunes
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.