Buying Process

The Squarefoot Buying Process is listed below.

Register with Squarefoot

Our experienced negotiators need as much information as possible about the type of property you are looking for and are experts in helping you find your ideal home.

You can either:

The Search Begins

With a clear understanding of your requirements we will access all properties that match your criteria.

Full colour brochures can be posted to you.

When you register with us, SMS property alerts can instantly be sent with the latest property information directly to your phone, whilst simultaneously emailing latest property opportunities to your specified email address.

In order to secure a property, we recommend an early viewing.

Mortgage

It is advisable to get a mortgage agreed in principle as early as possible, as this will speed up your mortgage application.

Squarefoot can recommend you a suitable mortgage company.

Viewings

Viewings can be conducted by appointment between 9am - 5.30pm Monday to Friday and 9.30am - 1.30pm on Saturdays.

Appointments can be booked anytime between these hours.

In exceptional cases, properties can be viewed outside these hours.

Making an offer

Once you've found a suitable property, we'll put your offer forward to the seller, both verbally and writing. Any offer is subject to a contract being signed. There are no legal obligations on either side until the contract is signed.

Legal

A solicitor will be required to handle the legal paperwork involved (conveyance). It is preferable to use a solicitor who knows the area that you're moving to and specialises in conveyancing.

We recommend using our own experienced solicitors for a quick, hassle-free and reliable service.

Sale agreed

Once your offer is accepted, the solicitors will need to be instructed to proceed immediately. At this stage always ensure that exchange and completion dates are agreed. This is also the time to instruct your mortgage broker to proceed with your mortgage application and make arrangements for a survey.

Draft Contract

This is drawn up by the seller's solicitor and sent to your solicitor, who will raise some preliminary enquiries and make a Land Registry search.

Local Authority Search

Your solicitor will submit a local authority search to the local borough council. This will reveal, for example, planning consents granted for the property and any local issues.

Survey

A survey is carried out on the property by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value.

Contract Approval

Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your solicitor providing there are no further enquiries.

Formal Mortgage Offer

This document will be sent to your solicitor for you to sign. Once signed and returned your mortgage is in place and you are ready to exchange contracts.

Exchange of Contracts

The contract is signed by you and the seller. The deposit (usually 6% of the purchase price) is telegraphically transferred or paid by the buyer's solicitor in the form of a banker's draft. The completion date is set.

Completion

This is generally set a few days to a few weeks after exchange of contracts, depending on each parties' personal requirements. Residual monies (usually 90%) are now transferred from your solicitor to the seller's solicitor's account.

Congratulations, you are now the legal owner of your new home!