This guide to the home buying process is designed to help you along the way and answer any questions you may have. To discuss any of it in more detail, we would recommend visiting one of our developments to speak to a Sales Executive – but relax, we will be with you every step of the way.
The buying process
Here is a handy step-by-step guide to the home buying process.
- Firstly you should try and work out how much you can afford. Stonebridge Homes can help you with this by arranging for you to get some guidance from one of our panel of Independent Financial Advisors. They will be able to talk through everything from your financial situation to the right kind of mortgage.
- Once you have got some advice, you can arrange a Mortgage in principle with your chosen lender.
- Now is the exciting bit! Visit one of our developments and choose the perfect Stonebridge home for you.
- Our Sales Executive will reserve the home for you and at this point you should instruct a solicitor to work on your behalf. Again Stonebridge Homes can put you in touch with one of our panel of solicitors if required, all of whom can offer very competitive rates.
- Immediately after reservation your Financial Advisor will complete your full Mortgage Application.
- Once your Mortgage has been approved, the lender (i.e. Mortgage Company) will ask for a Survey Fee.
- Once they have carried out the survey, the lender will issue your Mortgage Offer. This usually comes within 7 - 21 days of your application.
- Now that the mortgage is in place, it’s time to sign and exchange the contracts. We will agree a moving in day (legal completion date) at this point – so you may want to start packing some boxes!
- Prior to your legal completion you will have a customer demonstration of your new home with your Site Manager. He will explain how everything works and give you the opportunity to ask any questions you may have.
- The only thing left to do is move in! Congratulations!
The countdown to your move
Once you have reserved your new Stonebridge home, you’ll have a busy few weeks ahead! But don’t worry, here are the next steps – and remember Stonebridge Homes will be on hand to help you at every stage.
Once you have reserved:
- Go through the reservation checklist with your Sales Executive as soon as possible after reservation – just to make sure you are happy with everything that’s been agreed.
- Inform your solicitor that you have purchased a new home. Stonebridge can advise you if you need to appoint one.
- Make an appointment with an Independent Financial Advisor or your lender to complete your mortgage application.
- After a couple of weeks you should receive the valuation on your new home – this means that your mortgage provider can now issue you with a formal mortgage offer.
- You will be expected to exchange contracts and pay a 10% deposit within four weeks of reserving, unless you are purchasing through our Part Exchange scheme.
Six weeks before you move:
- Stonebridge will confirm the date of legal completion with you – you should be in touch with your solicitor to let them know.
- If you are in rented accommodation then you should notify your landlord (if not before).
- Check that your new home insurance covers you from the date of legal completion.
- Start obtaining quotes from removal firms if you need help for the big day.
- Notify your existing utility companies that you are moving.
- Start collecting boxes if you are planning to pack yourself. Some supermarkets will be able to help you with these or they can also be purchased online.
- If you are planning to buy any new furniture then it is worth ordering it now, so you can have it delivered once you’ve moved in.
- It is well worth trying to declutter at this stage – it can make packing and unpacking your boxes so much easier.
Two weeks before you move:
- Packing should be done carefully, so it’s worth starting on this now with any non-essential items. It’s always a good idea to label each box with what is included and which room they are for – you could even mark on a floor plan where they are to go. It may be an idea to pack valuables, precious photos and personal documents separately – some people will ask family or friends to store them just to be on the safe side.
- Start using up the food in the freezer – it would be a shame to waste it.
- If you’re moving to a new area then you should de-register with your doctor, dentist or optician.
- Arrange for the Post Office to redirect your mail – you can find out more about how to do this here ( )
- Any other regular deliveries to your house, such as milk or papers, should be notified to stop their service.
- The moving day itself can be a busy one – it may be a good idea to arrange for children or pets to be taken care of on the day.
- Make a list of people and companies who need to be notified of your move and send out change of address cards or emails.
- Just to be safe, it may be worth finalising arrangements with your removal company.
- Contact the bank to amend any direct debits relating to the old / new home. You should also contact your local Council to let them know.
- Carry out a Customer Demonstration visit in your new home with your Site Manager. At this point you could also discuss the arrangements for collecting the keys to your new home with your Sales Executive.
The day of your move:
- Try and relax! There’s a lot to do, but it’s also a very exciting day.
- It is a good idea to pack an emergency box containing any important items you may need straightaway. These could include family or pet medication; refreshments like tea, coffee, milk, sugar and biscuits; dog food; bedding, towels and a change of clothes. Take away menus may also come in handy!
- Don’t forget to read your utility meters and write them down in a handy place.
- Once you’re in – you can start to enjoy your brand new Stonebridge home!