At Millers we recognises the fact the purchase of your home is the most important and expensive transaction that most people are ever likely to make.
Millers have a large selection of homes of all shapes and sizes to offer you. We are sure that with our local knowledge and expertise, we will be able to find you a property to suit your needs, be it a straightforward move or a ‘Buy to Let’ investment.
Please click on the [WEB LINK] to view a list of our current properties, complete with photographs.
Buying your home doesn’t have to be complex we have set out below an overview of the various procedures involved:
STARTING YOUR SEARCH: The first requirement is for you to register your details and property specifications which can be achieved in a number of ways i.e. by email, fax, phone, in person of by completing our registration form [REGISTRATION FORM LINK]. This will give us an insight into your personal requirements, thereby enabling us to modify the details sent to you.
Once registered, you are then in a position to receive details from us directly in person, via mail or email or download and print these out from our website.
VIEWING: Our friendly local team are available to arrange those all important viewings of your selected properties. Our offices are open 7 days a week from 9am – 6pm Monday to Friday, Saturday 9am – 5pm and Sundays 10am – 1pm.
Please contact us to arrange a mutually convenient time 01992 560555.
MORTGAGE: In order to speed up your house buying process, it is advisable wherever possible; to get a mortgage agreed in principle before any final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers.
For full information on the Mortgage market call Millers Financial Service on 01992 560555 or visit www.???????????????
MAKING YOUR OFFER: Once you have located your ideal property, your offer will be submitted by us to the vendor for their consideration. This is done both verbally and in writing.
THE NEXT STEPS: As soon as your offer has been accepted by the vendor, you should instruct a solicitor to act on your behalf. Your solicitor will handle all legal requirements of your purchase.
At this point, you also need to formally proceed with your mortgage application.
SURVEY: The next step is to obtain the Mortgage Valuation. This will be conducted by a Chartered Surveyor acting for your Bank or Building Society. The report is to provide a Valuation i.e. determine whether the amount to be loaned is secure and also deals with the basic condition of the property.
However, we would not recommend that a buyer relies solely on the Mortgage Valuation survey as the inspection is limited and although it may cost a little more to obtain a more detailed report yourself, it may help you to buy with confidence.
There are two types of survey available:
1. HOMEBUYER SURVEY/VALUATION – this is the mid-range option as it is more expensive than the Mortgage Valuation but less than the Building Survey.
It is a basic service and therefore more appropriate to properties in apparently good condition and conventionally constructed. The survey’s purpose is to highlight any pressing or significant defects and problems which are likely to have an overall impact on the value of the property.
2. BUILDING SURVEY – Unlike the Homebuyer Survey, this is suitable for all types of property whether conventional or unconventional. The term “unconventional” encompasses properties that have an unusual construction, are historic or Listed Buildings, have been extensively altered or where major work is planned.
The Building Survey is comprehensive and lists full technical details of the construction, materials and condition. It highlights the full spectrum of defects from the more serious down to the insignificant and the terms of the survey are therefore tailored to fit the client’s specific needs.
However, it should be noted that this does not include a valuation and is only conducted by prior agreement.
SEARCHES: These are conducted by the buyer’s solicitor who submits a local authority search to the local borough council. Its purpose is to ascertain if there is any planning consented previously granted on the property or if there are any other local issues which may have an impact on the purchase. In some instances, the search may also include an Environmental and Drainage search.
DRAFT CONTRACTS: The draft contract is drawn up by the seller’s solicitor and is forwarded to the buyer’s solicitor for consideration. Any additional queries or questions will be asked and answered and the contract amended accordingly, subject to final approval.
MORTGAGE OFFER: The Lender is now in possession of the Mortgage Valuation survey and, subject to the findings of this report; receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the Lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned and funds requested by the buyer’s solicitor.
EXCHANGE OF CONTRACTS: Once the contract has been signed by both parties, a deposit is paid by either bank transfer or banker’s draft. At this stage, the parties agree on a date for completion.
COMPLETION: Completion usually follows a few days or weeks after exchange of contracts. The balance of the purchase price is transferred by the buyer’s solicitor to the seller’s solicitor and the keys released – Congratulations! You are now the owner of your new home!