While your bank does a basic valuation, it’s wise to pay for an independent RICS survey to check for structural issues like subsidence or Japanese Knotweed. 5. Exchange and Completion This is the home stretch:
Before browsing listings, you need to know what you can actually afford.
Note: In England and Wales, the deal isn't legally binding until the exchange of contracts. In Scotland, the process (missives) becomes binding much earlier. 4. Legal and Technical Due Diligence
You will need a (a specialized solicitor) to handle the legal transfer of the property.
You and the seller sign the contracts, and your deposit is transferred. At this point, pulling out results in heavy financial penalties.