Buying

The purchase of your home is the most important and expensive transaction you are likely to undertake

Lanes recognises the fact the purchase of your home is the most important and expensive transaction you are likely to undertake. Our database features all of our properties and we are sure that with our local knowledge and expertise, we will be able to find you a property to suit your needs, be it a straightforward move or a ‘Buy to Let’ investment.

The Home Buying Process Explained

Registration

The first requirement is for you to register your details and property requirements which can be achieved in a number of ways i.e. by email, fax, phone, in person of by completing our registration form. Once registered, you are then in a position to receive details from us directly in person, via mail or email or download and print these out from our website.

Viewing

Our sales teams are available to arrange those all important viewings of your selected properties. Our offices are open at times convenient to you, until 7pm during the week.

Mortgage

In order to speed up your house buying process, it is advisable wherever possible; to get a mortgage agreed in principle before any final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers.

Accepted Offer/Instructing Solicitors

As soon as your offer has been accepted by the vendor, you should instruct a solicitor to act on your behalf. Your solicitor will handle all legal requirements of your purchase (property conveyancing). At this point, you also need to formally proceed with your mortgage application and instruct your mortgage consultant/broker accordingly.

Survey

The next step is to obtain the Mortgage Valuation, as required by law. This will be conducted by a Chartered Surveyor acting for your Lender. The report is to provide a Valuation. Since you as the buyer are also provided with a copy, it allows both parties to evaluate the findings prior to entering into a commitment to purchase.

Additional Homebuyer Survey/Valuation

The survey’s purpose is to highlight any defects and problems which are likely to have an overall impact on the value of the property. The objective of the Homebuyer Survey is to provide a more in depth report which will assist the buyer in making an informed decision whether to proceed with the purchase and also whether the agreed price reflects the actual value.

Draft Contracts

The draft contract is drawn up by the seller’s solicitor and is forwarded to the buyer’s solicitor for consideration. Any additional queries or questions will be asked and answered and the contract amended accordingly, subject to final approval.

Mortgage Offer

The Lender is now in possession of the Mortgage Valuation survey and, subject to the findings of this report; receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the Lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned and funds requested by the buyer’s solicitor.

Exchange of Contracts

Once the contract has been signed by both parties, a deposit (normally a small percentage of the purchase price) is paid by either bank transfer or banker’s draft. At this stage, the parties agree on a date for completion.

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Our Branches

Enfield Town:
020 8342 0101
Cheshunt/Enfield Highway:
01992 620 101
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01992 582 000

Departments

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Tel: 01992 620 101
Overseas:
Tel:01992 620 101
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Tel: 01992 940 955