Buying Process

Key Areas for Consideration

Below is a high-level reference guide for purchasing a property in England and Wales. Depending on the developer, property, buyers’ financing facilities, process would vary.

Piccadilly Estates consultants will guide you through the process to complete the process smoothly.

Step-by-step guide to buying a
house in England

Purchasing a property in England can be a complex process, but with the right guidance and preparation, it can be a smooth and rewarding experience. Here is a step-by-step guide to help you navigate the process of buying a house in England:

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Decide on your budget

Consider the costs and fees associated with purchasing a property, such as mortgage payments, Stamp Duty, and solicitor fees, to determine what you can afford. It may be helpful to get a mortgage agreement in principle to know exactly how much you can borrow.

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Decide on your budget

Consider the costs and fees associated with purchasing a property, such as mortgage payments, Stamp Duty, and solicitor fees, to determine what you can afford. It may be helpful to get a mortgage agreement in principle to know exactly how much you can borrow.

Find a property

Research the area you want to live in or invest in, considering factors such as local amenities, transport links, future potential, and nearby schools. Piccadilly Estates can assist you in finding properties that meet your budget and preferences.

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Find a property

Research the area you want to live in or invest in, considering factors such as local amenities, transport links, future potential, and nearby schools. Piccadilly Estates can assist you in finding properties that meet your budget and preferences.

Reserve your property and pay the reservation fee

 Provide proof of identification and a utility bill, make an offer, and sign a reservation form. You will also need to pay a reservation fee, typically between £1000-10,000, to secure the property.

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Reserve your property and pay the reservation fee

 Provide proof of identification and a utility bill, make an offer, and sign a reservation form. You will also need to pay a reservation fee, typically between £1000-10,000, to secure the property.

Instruct a solicitor

Your solicitor will guide you through the legal process of transferring ownership of the property and complete necessary legal work. Piccadilly Estates and developers can provide recommendations for solicitors.

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Instruct a solicitor

Your solicitor will guide you through the legal process of transferring ownership of the property and complete necessary legal work. Piccadilly Estates and developers can provide recommendations for solicitors.

Perform Searches

Your solicitor will arrange searches to provide more information about the property, including Land Registry, local authority, environmental, and drainage searches. These searches can flag potential issues, such as flood risk and ground stability.

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Perform Searches

Your solicitor will arrange searches to provide more information about the property, including Land Registry, local authority, environmental, and drainage searches. These searches can flag potential issues, such as flood risk and ground stability.

Source of Funds Enquiries

This is an important step to confirm that the funds used for the purchase are from a legitimate source. This may include providing documentation of employment or business income, bank statements, and proof of funds for donations.

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Source of Funds Enquiries

This is an important step to confirm that the funds used for the purchase are from a legitimate source. This may include providing documentation of employment or business income, bank statements, and proof of funds for donations.

Exchange of Contracts

Once all searches and enquiries have been completed, contracts can be exchanged, legally committing you to the purchase.

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Exchange of Contracts

Once all searches and enquiries have been completed, contracts can be exchanged, legally committing you to the purchase.

Legal Completion

The final step in the process, legal completion involves transferring the balance of the purchase price to the seller and receiving the keys to your new home.

 

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Legal Completion

The final step in the process, legal completion involves transferring the balance of the purchase price to the seller and receiving the keys to your new home.

 

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