Conveyancing & Property Buying Service
Knockk’s step-by-step process to help you find your dream home.
Evaluation
Before you start your searching for a new home, we suggest that you arrange your finances and, if needed, have a mortgage agreed in principle. Understanding your financial resources early will validate just how much budget you will have to fund the purchase, which will ultimately determine the scope of your home search.
1. Inquiry
As soon as we have a clear understanding of your requirements, you will receive a choice of homes that match your specification. Knockk’s estate agents will keep you up-to-date whenever the most recent houses appear for sale.
We work with Home Mortgage Advisors that access the whole market, and, in addition to exclusive offers and rates, they assist processing your mortgage inquiry.
2. Research
Knockk recommends an early viewing appointment to ensure the final decision on the prop before you start your search for a new home. We suggest that you arrange your finances and, if needed, have a mortgage agreed in principle. Understanding your financial resources first will validate just how much budget you will have to fund the purchase, ultimately determining your home search scope. We also advise taking enough time beforehand so that you have the opportunity to appreciate the property fully.
As a part of your property evaluation process, you should compile a list of essential characteristics important to you. It’s a significant decision, but you will quickly recognise the home that feels right for you if you follow the process.
3. Proposal
At this stage of the process, you’re required to demonstrate your financial standing as a buyer (namely, an agreed in principle mortgage deal). Once the evidence is approved, we can move to the final step, which is agreement.
4. Agreement
As soon as your offer has been accepted, you will be required to verify your lawyer’s information and complete your home mortgage application.
Once the deal is accepted, Knockk prepares a Memorandum of Sale and engages both parties to verify the final price.
Conveyancing
The property’s value will be based on the surveyor evaluation arranged on the side of the mortgage lender. The surveyor produces the Mortgage Valuation Report that your solicitor will need to review and sign prior to its acceptance by the lender.
In general, the conveyancing procedure requires your solicitor’s involvement in:
- a seller’s draft agreement revision to include any structural damage and fittings in the final price,
- analysis, signature and return of the Mortgage Valuation Report;
- tying loose ends in a legal department, e.g. paying Stamp Duty Land Tax on your behalf, scheduling a date for exchange of agreements and proposing a final due date.
Exchange
Once you and the seller agree, we can move to the exchange of contract step.
After both sides sign the agreement, 10% of the total price gets paid in the form of a deposit. At which point, the final date is in order when both buyer and the seller (and their solicitors) can finalise the deal.
We have teamed up with North East brokers to bring you the best mortgage advice you can get: call us now at 0779 272 7370 to start your mortgage process.
Completion
Once the seller’s solicitor verifies all monies received that is due, the keys to your new home will be ready for you at your convenience. At this point, the conveyancing process is over, and you can prepare to move into your new property.
With Knockk, you will be on your way to getting the latest and the best property offers. More importantly, our in-depth knowledge and attention to detail ensure an efficient conveyancing process, allowing completion in weeks rather than months.