If you’re in the middle of selling your home at the moment, or you’re thinking of putting your house up for sale, you might be wondering what the effect of the latest lockdown is having on your move.
The most important thing to keep in mind throughout this period is that property viewings can still take place and Mortgage Advisers, Estate Agents, Solicitors and Banks are all still open.
However, despite everything still remaining open, it is important to note that there may still be delays along the way. This is mainly because there are a lot more sales going through than usual and also there has been a backlog of sales over the last six months, making it the busiest its been in 10 years.
How can I get ready?
You’ll want to find an experienced Mortgage Broker who will guide and talk you through the process and help you to get your finances in order. You will then be ready to start the new home buying process with everything in place once you have sold your property; which will make the whole route much smoother and quicker.
You can also start researching Estate Agents and asking for quotes. You should also enquire as to how quickly they will be able to list your property for sale once you are ready.
Gather your Documents.
Depending on your property, there are various documents that you can find and prepare ready for your house sale, getting these documents together early and sending them to the relevant parties as quickly as possible, will help speed up the process; such as
• HM Land Registry title documents
• Gas Safe registered engineer Certificates
• Electrical checks – an Electrical Installation Condition Report (EICR) or a NAPIT or NICEIC certificate/report from a registered electrical competent person
• FENSA or CERTAS certificates for windows
• Planning permission for any major work carried out
• Building regulation completion certificates and builder’s guarantee certificates for alterations or additions
• Subsidence guarantees/warranties
• Damp guarantees/warranties
• Party wall agreements (if relevant)
• Listed building consent for interior and exterior works
• If your home is in a conservation area, conservation area consent for works
• Any title insurance policies you may have taken out to solve title defects
With the current market being so busy delays are inevitable, however being as prepared as possible and taking good professional advice will stand you in good stead and put you in a stronger position throughout the process.
If you are thinking of a move and would like to get your mortgage finances arranged, give us a call.
We will advise and guide you every step of the way. 01473 213312