It’s a real sense of achievement when you finish the second call with the mortgage advisor and you know that the lender is more than prepared to give you the finds that you need to complete the house purchase. However this is just the start of the second half of the whole application process. Now is the part that is where you have to rely on the professionals to do their job. What happens next?
You will recall that the mortgage advisor probably took a payment from you for a valuation of the property that you are looking to buy. This is the first stage that you need to get through. It’s where a Conveyancing company like https://www.samconveyancing.co.uk/news/conveyancing are invaluable as they will get you through the whole thing as easily as they can.
The valuation tells you, the conveyancer and the lender everything that they need to know about the property that you are going to buy. With any luck there should be nothing wrong with it. If there is then it may affect the property price and you may need to go back to the seller.
Once the property is given the ok the lender will send the funds to the Conveyancer who will forward it onto the seller’s conveyancer. When the money transfer is done then you can move in. That really is the end of the process. Now all you need to do is worry about decorating the place, a much nicer task!