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MAKE YOURSELF AT HOME

Purchasing a property is undoubtedly the most significant financial decision you will ever make in your life, which is why we go the extra mile by appointing you with a dedicated Purchase Negotiator. Your Purchase Negotiator will provide you with complimentary expert knowledge, guidance, and support in not only finding your next property but also securing your new property through skilled negotiation.

We also appreciate that in some instances you may have to offer on a few different properties before an offer is accepted, which is why we are pleased to inform you that we do not charge anything for submitting offers, reviewing Home Reports, or negotiating offers on your behalf.

This document will outline the following:

  • Arranging a Mortgage
  • Submitting an Offer
  • A summary of our Conveyancing Services
  • Our Conveyancing Fees
ARRANGING A MORTGAGE

ARRANGING A MORTGAGE

Once you have an idea of the price range of properties that you are interested in, you will have to arrange your loan. Even before you begin a detailed search for a property, it is recommended that you talk with your mortgage lender and agree on how much you can borrow. A formal offer can quickly lead to a binding contract, so it is essential that your loan arrangements or other funding are in place beforehand.

SUBMITTING OFFERS

SUBMITTING OFFERS

When it comes to submitting offers, our main objective is to secure your property at the lowest possible price. We work closely with you to agree a purchasing strategy where we can test the seller at different price points to help avoid you over paying when buying a property. We also use our connections with different agents to get some insight into sellers price expectations.

Before we proceed with submitting a formal offer, it is essential that we find out the following information:

  • What level of interest is there for the property?
  • How long has the property been on the market?
  • Are there any concerns raised in the Home Report about the property?
  • How motivated is the seller to sell?
  • Does the seller need to sell because they have had an offer accepted on another property?
  • The sellers' price expectations and forward circumstances (it is important you ask these two questions at the viewing, as it will help decide at what level to offer at, providing the seller is forthcoming with the information)
  • Which agent is selling the property? It is often easier to get offers accepted with fixed fee agents over

    commission-based agents, who tend to be more proactive in protecting their sellers' selling price.

    The above will give us a better indication of what you should be offering on the property. Please note there is no fee for us submitting formal offers or for reviewing Home Reports before you make an offer.

    Please also refer to our “Purchase Negotiation Guide” which provides our recommended tips and questions to ask the seller when viewing a property. This information can greatly help when deciding what level of an offer to make.

LEGAL CONVEYANCING FEES (FOR A PURCHASE)

Once your offer is verbally accepted, your purchase will be allocated to a solicitor in our
Legal Department. Please see the breakdown of our conveyancing fees and outlays for purchasing a property up to:

ONCE YOUR OFFER IS VERBALLY ACCEPTED

ONCE YOUR OFFER IS VERBALLY ACCEPTED

Your allocated solicitor will be your main point of contact for the conveyancing transaction. Please be aware that some of our solicitors have paralegals, legal executives, or legal assistants who may assist
them with the transaction. They will also discuss the transaction with you at times and keep your solicitor informed.

The contract for the purchase is called the “missives”. Missives are a series of formal letters between solicitors based on the seller and buyer’s instructions. Your offer forms the first formal letter of the missives.

When your offer is accepted, we will request you to complete the following documents:

  • Complete our online ID Check.
  • Provide us with 6 months bank statements to show where the deposit is coming from.
  • Complete our Source of Funds form.
  • Arrange your mortgage (please let us know if you need assistance with instructing a mortgage broker)

We will provide you with our “Purchasing Process Guide” to refer to when your offer is accepted.

NEXT STEPS

NEXT STEPS

Thank you once again for considering McEwan Fraser Legal to act on your behalf on the purchase of your next property.

Once you identify any suitable property that you would like to progress with, please email the property Home Report, property website link, and any background information on the seller’s circumstances that you are aware of.

If the offer needs to be submitted urgently please mark as urgent in the email header and send your offer to: legalservices@mcewanfraserlegal.co.uk
Make sure you also call our office on 0131 5249797 and ask for legal services to confirm the safe receipt of your email.

Make an offer on a property