Once you have had an offer accepted you will need to find a solicitor to do the conveyancing. Here at Belvoir!Sheffield our property experts in our Estate Agent and Property Sales division can help and advise you throughout this process
Once you have had an offer accepted you will need to find a solicitor to do the conveyancing. Here at Belvoir!Sheffield our property experts in our Estate Agent and Property Sales division can help and advise you throughout this process to ensure that your house sale moving along as it should do. The conveyancing process involves checking the legal aspects of the sale: that the seller has the legal right to sell the property, that no one has right of way over it and that there are no land disputes.
Your mortgage company will also insist on a basic survey to check the value of the home. But it is advisable to have a more detailed survey conducted. There are three types of survey, starting with a mortgage valuation. This is a cursory affair and simply tells the lender that if you were to default on the payments it would be able to sell the property and get its money back. It won't spot major faults.
A homebuyer's survey is far more thorough and should reveal any serious defects, costing a little more. The third option is a full building survey, which goes into the condition of your property in even greater detail. This is recommended for older properties or unusually designed ones. Be prepared for a lot of technical jargon in the survey, rather than any hint that you are making a brilliant buy.
If everything is ok with the survey, your lender should then be prepared to make you a formal mortgage offer.
Whether you are looking to buy a house or flat in Sheffield, from a city centre #cityloft to a terraced house in Woodseats or Heeley, Belvoir! Sheffield Estate Agents can help you find your ideal property. Register with us today so that we can help you on your property search, and ensure that you join us on Facebook and Twitter.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
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