Talk to an Independent Mortgage Adviser
Before considering buying your new home, we would recommend that you speak to a Mortgage Advisor to give you independent advice and establish how much you can borrow.
Help to Buy Scheme (HTB)
It is important if you are a first time buyer and qualify for the (HTB) Incentive to contact the Revenue at the earliest opportunity to assess the relief available to you under the Scheme. The reliefs available do vary depending on an individual’s circumstance, for more information please contact Revenue or visit their website on www.revenue.ie.
Reserve your property
Once you have identified the home you wish to purchase you can place a booking deposit to secure the property, which is fully refundable up to the point of signing contracts. During this period, the property secured will be held for you and will no longer be available for sale to anyone else.
Apply for your Mortgage
At this stage you should have now either verbal loan approval or some idea of the lender you wish to process your loan application. However, should you have any difficulties in this area contact our appointed Sales Agents and they will be happy to put you in touch with a Mortgage Advisor.
Get Legal Advice
You will need to appoint a solicitor to act on your behalf in the legal conveyance of the property. You may wish to use your own Solicitor however, we can recommend Solicitors who will be familiar with our processes and help to ensure a smooth exchange and completion. All the necessary information such as plans, maps, specification BER Cert’s and Homebond Insurance documentation will come from the Vendors Solicitor to your appointed Solicitor.
Get a Valuation
Before a lender will provide you with a mortgage they’ll want to value the property you intend to purchase. This service is carried out by an Estate Agent and may incur a fee for carrying out the valuation.
Approximately 21 days will have passed since you placed your deposit and your solicitor will have reviewed title and raised any queries during this period. Once legal work is complete your Solicitor will arrange for you to sign contracts and you will be ready to exchange contracts with the Vendor. It will be necessary to have full loan approval in place and the balance of your deposit is paid on exchange of contracts.
Inspection of Property
Upon signing of contracts, you will be contacted by our Customer Service Team to arrange an initial inspection (i.e. to carry out snag list). This can be carried out directly by you or through your appointed Building Surveyor/Engineer. Any snag lists should be furnished directly to our head office for validation and will be forwarded on to the site for attention. Once we receive notification from the site that the snag list is complete we will arrange a final inspection with you.
Move in & Handover
Once the completion has taken place you are now the legal owner of the property. You will receive the keys of your new home along with operating manuals and helpful information about your new home. As part of the handover process we shall arrange a meeting to run through the key elements of the property and arrange the transfer of necessary utilities such as electricity, water and gas where applicable.
The above is just a guideline and does not cover all aspects of buying a home. Each purchaser is unique and you may have other questions not covered here. We will at all times do our best to assist you and respond to your queries in a timely manner.