Guide To Buying A Home

Whether or not you are granted a mortgage depends on a few factors, for example the length time you’ve been working at your current job, or the outstanding credit that you have against your name. If you meet the bank’s preliminary requirements, you will be awarded what is known as a ‘mortgage in principle’, which is to say that the bank see no reason that you shouldn’t be granted a loan, and that you may begin looking for a property. Redcastle has a preferred network of mortgage providers – speak to us to find out more.

Making an offer on your dream home is easy. All you need to do is tell us your offer and we will submit it to the seller both verbally and in writing. As with everything else, we are totally transparent when it comes to feedback and we will let you know their exact response.

If your offer is accepted, then you next need to appoint a legal representative known as a ‘conveyancer’ or property solicitor. They’ll guide you the rest of the way. Of course, we will monitor progression of the sale liaising with both party’s conveyancers. Speak to us if you would like us to introduce you to our preferred partners.

Your solicitor will handle the legal process of the sale for you, but during this process you will most notably be awarded your formal mortgage offer and sign a legally binding contract that ties in the sale. At the end, both solicitors exchange contracts before confirming it is safe to ‘complete’, which means finalising the deal and giving you the keys! The length of time to complete the process varies, but you can expect somewhere in the region of 12-16 weeks normally.