When it comes to moving home it is a common view that it is going to be a difficult, worrying and stressful experience, but there is no need for this to be the case.
At Miles & Barr we will make the process as simple and stress free for you as possible, helping you with every step, offering expert mortgage advice along the way that is specific to your every need.
When you’re ready to move and you’re searching for your new dream home, you should be aware of exactly how much your maximum potential purchase price is going to be. The process of buying a home takes a number of weeks and there are many circumstances you’ll need to think about.
We have expert advisers who will discuss these circumstances with you, they range from your income and out outgoings to savings and what you have in mind for the future. Once we have built up a profile on your requirements our advisers can determine what home you’re suited to, give you an idea of how much you will be entitled to borrow and what purchase price you are able to afford.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Mortgage Advice Bureau is a trading name of Miles & Barr Financial Services Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Miles & Barr Financial Services Limited. Registered Office: 51 Queen Street, Ramsgate, Kent, CT11 9EJ Registered in England Number: 05355574
1 Arrange your finances
We advise you to arrange your finances and where required have a mortgage agreed in principle before you start your property search. This will help to confirm the amount of money you have to find a potential purchase, which will influence your property search. Our access to the market means will be able to help you find the best mortgage available.
2 Register with us
To help you find the right property, register with us by calling 01304 626 444 or visit one of our 13 offices where one of our local agents can find out what your property requirements are. You can register your interest about any property online if your time is limited. We have thousands of properties for you to choose from, so we will have what you’re looking for.Register With Us
3 Property Search
Once we have established an understanding of the property requirements you have, we will supply you with a selection of potential properties matching your criteria. We can keep you updated through email notifications when the latest properties become available.
We recommend early viewings to give you the best chance of securing a property. We will meet you at the property you want to view and accompany you during the viewing to ensure any questions you have are answered immediately and provide you with advice when required. Our opening hours are 08:00-18:00 Monday to Friday, 08:00-17:30 on Saturdays and 10:00-16:00 on Sundays, so we are flexible for viewings that suit you.
5 Choosing a solicitor
An experienced and efficient solicitor is key to the successful purchase of a property. We recommend using a solicitor who knows the area you’re looking to move to and one that specialises in conveyancing. Our chosen solicitors will ensure your progress is as stress-free and smooth as possible.
6 Making an offer
Once you have found a property that meets your requirements we will put your offer forward to the seller in writing and verbally, ensuring they are aware of any conditions of the offer. You may be required to provide evidence that you are able to proceed at this stage, for example your mortgage in principle. At this stage there are no legal obligations in place until contracts have been agreed and signed.
7 Sale agreed
Upon acceptance of your offer we will follow up with these steps:
- Write to all parties to confirm the agreed price
- Prepare the memorandum of the sale
- Ask you to provide your mortgage brokers details.
The solicitors will now be instructed to proceed with the conveyancing process and the mortgage broker will proceed with your application.
The solicitors will carry out the following steps as part of the conveyancing process:
- Bring forward any enquiries on receipt of the draft contract from the seller’s solicitor
- Request local searches
- Agree on a date for the exchange of contracts
We will be working alongside the solicitors during the process and will keep you informed with each step.
9 Formal Mortgage Offer
The property will have a survey booked by a surveyor on behalf of the mortgage lender to advise on the property’s value in the event of any problems. After the valuation report is received you and the solicitors will be supplied with a formal mortgage offer that will need signing before being returned. There are no legal obligations until contracts have been signed.
10 Exchange of contracts
The contracts are exchanged when all enquiries have been confirmed and agreed. When the contract has been signed by all parties involved the deposit will be transferred or paid in the form of a bankers draft between the solicitors. The completion date will then be agreed by mutual consent.
Completion occurs when the residual monies, around 90%, are transferred from your solicitor to the seller’s solicitor’s account. Once this has cleared into the seller’s account we will release the keys and you will become the legal owner of your new home.
Your aim should be the same as ours, to sell your property in the fastest possible time and for the best price. Our expert valuers have a wealth of experience and carry out hundreds of house valuations each month. They provide outstanding knowledge of property values in your area. As a result, we consistently achieve the asking price across our clients’ properties.
Call us on 01304 626 444 or complete the property valuation request form for your free valuation here.
2 Choosing Miles & Barr
We aim to give you as much availability to conduct viewings as possible. Our opening hours are 08:00-18:00 Monday to Friday, 08:00-17:30 on Saturdays and 10:00-16:00 on Sundays, so we are flexible for viewings that suit you. We can also organise your EPC – Energy Performance Certificate, just get in touch with your local branch to sort this out or call us on 01304 626 444. You must have commissioned an EPC before your property can go on the market.
3 Choosing a solicitor
The success of a sale can be dependent on the instruction of an efficient and experienced solicitor. Our recommended solicitors know the area you’re looking to sell your property from and are an experienced, trusted and above all dedicated local firm of solicitors and conveyancers.
4 Presenting your property
Presenting your property is essential as first impressions count. You should consider addressing any jobs you have been meaning to get done, add a fresh coat of paint where applicable and ensure your rooms are empty from clutter. Once you’re happy with the presentation of your property our photographers will take photographs and we will produce floorplans as well as a comprehensive description.
5 Advertising your property
Your property needs maximum exposure across all forms of media to help find a perfect buyer. Once you’ve instructed Miles & Barr to sell your property you’ll benefit from exposure on our modern website, full colour property details, email alerts and have a branch behind you with a wealth of experience.
We will be on hand at your property for all your viewings within our working hours. This way any questions from potential buyers are answered immediately and provide you with advice when required. Our opening hours are 08:00-18:00 Monday to Friday, 08:00-17:30 on Saturdays and 10:00-16:00 on Sundays, so we are flexible for viewings that suit you. This gives you the option to have your property viewed seven days a week.
7 Receiving an offer
Once an offer is received we will let you know in writing and verbally. You will be made aware of any conditions of the offer and we will also check the buyer is able to proceed before you decide whether or not to accept the offer.
8 Accepting an offer
Upon your acceptance of an offer we will follow up with these steps:
- Write to all parties to confirm the agreed price
- Prepare the memorandum of the sale
The solicitor will send a draft contract to the buyer’s solicitor who will then carry out the survey on your property, exchange the contracts and the proposed completion date. We will continue to give you advice at this stage and negotiate on your behalf where necessary, keeping you informed with each step. There are no legal obligations until contracts are signed.
9 Exchange of contracts
The following steps must have been confirmed and agreed before the exchange of contracts can occur:
- Preliminary enquiries following receipt of draft contract
- Evidence of a good title
- Specific issues have been highlighted in the lease where applicable
- Local search queries
- Fixtures and fittings to be included in the sale
- The buyer’s mortgage offer
Once the contract has been signed by all parties involved the deposit will be paid in the form of a bankers draft between the solicitors. The completion date will then be agreed by mutual consent.
Completion occurs when the residual monies, around 90%, are transferred from your buyer’s solicitor to your solicitor’s account. Your solicitor will call you when the money has cleared into your account and we will then be informed to release the keys and you will have completed the sale of your property.