1. Arranging a Mortgage
Before you start your property search, we advise you to arrange your finances, and if required, have a mortgage agreed in principle in place. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search.
We know when it comes to buying a property every penny counts, so we try to do our part and save you some of that money! We have worked with numerous mortgage brokers for many years, and part of our agreement working with them is to give all our clients a discount. Just make sure to tell them Canary Properties recommended you.
2. Register with Canary Properties
You now need to Register with Canary Properties by calling 0203 743 0333 or visit our office for a coffee where you can tell us all about your requirements. If you are busy and short of time, you can also register your interest online.
3. Finding your ideal property & Key to successful Viewings
Now, we have a clear understanding of your recruitments and will be sending you all available properties. Of course we will make sure to keep you up to date by email and text with any new properties that suit your requirements.
Be the first to get all new properties by registering your details on our website. You will get an email as soon as the property has been uploaded to the website.
It’s not always easy to get out of work for viewings, so we are open at times that suits you best, after work hours, and weekends.
We are open 9:30am – 7pm Monday to Friday and 10:30am – 4:30pm Saturday. Sundays, bank holidays and after 7pm Monday to Friday are by appointment only. Our lines are open 9:30am – 7pm seven days a week.
Early viewings are highly recommended, we will accompany you to the property and will be able to answer all your questions and provide advise where necessary.
4. Making an offer
Once we have found the right property you will be asked to email the below:
• Proof of funds i.e. mortgage agreed in principle
• Conditions i.e.
• ID (passport/ drivers license)
As soon as all the above has been received, we will put your offer forward to the seller verbally and in writing.
Please note: there are no legal obligations on either side until contracts are signed.
5. Instructing a Solicitor
Now it’s time to instruct a solicitor!
We know how important it is to have a reliable and experienced solicitor. A successful sale can depend on that. You need a solicitor that actually calls you back when you need them to.
We have tried and tested Smart Legal solicitors many times, so we decided to team up will get you more savings. Don’t forget to mention Canary Properties for that exclusive discount.
6. Offer Agreed
At this point we will call you to let you know that your offer is now accepted.
Canary properties start the sales process by;
• Preparing the memorandum of sale
• Emailing memorandum of sale, property particulars and EPC to all parties
Once your solicitor receives the memorandum of sale, they will start the conveyancing process.
• Confirm instructions and gather information
• Receive and check draft contracts and property documents
• Sends local searches to local authority and any special searches
• Send out any further enquires to clarify points on PIF (Property Information Form)
• Receive results of further enquires, local searches and any mortgage offer
8. Mortgage Offer
A survey will be booked on behalf of the mortgage lender to advise on the price and identify any issues with the property.
The surveyor will send a report, and a formal mortgage offer will be sent to you and your solicitor.
9. Exchange of Contracts
Once the solicitors have agreed and confirmed all enquiries, the contracts will be signed. At this point a 10% deposit (10% is from the property purchase price) will be transferred from your solicitors to the seller’s solicitor.
A completion date will now be agreed.
Your solicitors will now transfer the remaining 90% to the seller’s solicitor.
Once the monies have been cleared we can finely release the property keys to you.
Congratulations! You are now the legal owner.