Buying your home

Buying your new home

  1. Meet with us to find out how much you can borrow and arrange approval of your mortgage.
  2. Armed with your approval you may view houses and select your new home.
  3. If you are buying a new house you may pay a ‘Booking Deposit’ to the auctioneer.
  4. If you are buying a pre-owned house you may make an offer and continue the negotiation process until a figure acceptable to both parties is agreed. A ‘Booking Deposit’ may then be paid to the auctioneer.
  5. Appoint a Solicitor and advise the auctioneer.
  6. Inform us of the house details.
  7. Arrange a Survey of the house if necessary.
  8. We will arrange a ‘Valuation Report’ and your ‘Letter of Loan Offer’ will then issue.
  9. Call into us and we will arrange your insurances.
  10. Your Solicitor receives Contract from the seller’s solicitor and Letter of Loan Offer from the mortgage provider.
  11. Sign Contract and Accept loan offer…after your solicitor is happy with the terms.
  12. Pay balance of the deposit to your solicitor. A total of 10% is payable on signing the contract. This is made up of the ‘Booking Deposit’ paid to the auctioneer + the balance to make 10%.
  13. The seller of the property signs the contract.
  14. A ‘Closing Date’ is agreed…advise your broker of this date.
  15. During the week leading up to the closing date we will liaise with your solicitor to ensure that the insurances are in place for your loan cheque to be released on time.
  16. Your solicitor requests the cheque and hands over the funds.
  17. Congratulations! You receive your keys and arrange to move in.

Building your dream home

  1. Meet with us to find out how much you can borrow and arrange approval of your mortgage.
  2. Armed with your approval you may view sites and select the one which best suits.
  3. Pay a ‘Booking Deposit’ to the auctioneer….subject to Full Planning Permission.
  4. Appoint your Engineer/Architect to draw up plans, apply for Planning Permission and complete costings for the project.
  5. Appoint a solicitor and advise the auctioneer.
  6. Supply us with details of the costings and the stage payments breakdown to arrange for formal loan offer.
  7. Your solicitor receives a copy of your ‘Letter of Loan Offer’ from the mortgage provider.
  8. Receipt of full planning permission should be received within three months of first applying but can vary.
  9. Call into us and we will arrange your insurances.
  10. On receipt of the full planning permission the site must be paid for. We will arrange release of the funds for this.
  11. Construction of your new home can commence after planning conditions have been complied with.
  12. The money for the construction will be released in stages as the work progresses. As each stage is reached your Engineer/Architect will issue a ‘stage cert’.
  13. This stage cert should be given to us and we will arrange release of the funds without delay.
  14. When the house is almost complete and the Final Stage Cert is due, Comprehensive House Insurance needs to be put in place…Just let us know and this will be arranged. A Final valuation will also be required by the mortgage provider at this point.
  15. Last of your mortgage funds are released and house is now complete. Congratulations!