Once you have let your broker know that you have selected a property and once all the relevant paperwork has been processed, your lender will instruct a survey to be carried out. This will identify any structural issues and advise the value of the property. Once the report is received, a mortgage offer will be issued and sent on to your solicitor.
Once all enquiries are answered, and the mortgage offer has been received, both parties will need to sign and send back their contracts in addition to the deposit which will then be sent over from the buyer’s solicitor to the seller’s solicitor. Once this has been carried out and a completion date is agreed you will be ready to exchange.