Buying a new home can be a stressful and time-consuming experience. Here at Fletcher Homes, we aim to make the whole purchasing process as smooth as possible. Our highly experienced team of sales advisors will provide as much advice and support as you need to ensure your move is completed swiftly and within an agreed time scale. To help with your purchase we’ve compiled a simple ‘Guide to Buying Your New Home’ for you, so you know what you can expect when you buy from us.
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The whole process begins when you choose and reserve your perfect Fletcher home. You will need to complete a reservation form and pay a reservation fee. This is usually between £500 and £1000.
To finance your mortgage, you will need to appoint an independent financial advisor (IFA), or a mortgage advisor. With a wide selection of mortgage products, a good IFA can help save you thousands of pounds by finding the right mortgage for you.
Conveyancing costs can vary from practice to practice, so we recommend that you speak to several solicitors to get quotations before you choose one. Once you’ve appointed a solicitor, you’ll be asked to pay initial costs to cover search fees, etc. It’s important to pay these straight away to prevent delaying the conveyancing process.
Once you have appointed an IFA, they will work diligently to find you the best mortgage deal. It is important to progress your application immediately and pay for any survey fees etc. Ideally, you should have applied for your mortgage within a week of reserving your home. If you are using Help to Buy, contact them and complete your application at this stage.
You will need to meet with your solicitor at least one week before exchanging contracts. At this meeting they will talk you through the results of any searches and will want to ensure everything is in order ready to exchange contracts. The final step will be to sign your contract and pay your exchange deposit (which is usually 10% of the purchase price).
Once your solicitor exchanges contracts, either a fixed completion date will be agreed or exchange will be on notice, with a completion date to be agreed when your home is more structurally complete.
Shortly before the completion date, our Fletcher Homes sales consultant will make an appointment for you to view your new home. This viewing gives you the opportunity to see everything prior to moving in and check that you are completely satisfied with your house before the final handover. Your sales consultant will also explain the procedure for the day of legal completion.
Your solicitor completes the purchase on your behalf, drawing down mortgage funds as required. Once legal completion takes place, the keys to your home will be presented by your sales consultant, who will meet you at the property to read your meters and ensure a smooth handover.
With the help of your removal company, its time to unpack those boxes, put the kettle on, and make our Fletcher home, your home.