The Buying Process

Step 1 - Register with us to find property for sale in Cheltenham:

Register with Morgan Associates and be privy to new properties for sale as they are launched onto the Cheltenham market. Tell us about your must-haves and your preferences and we’ll send you alerts for any properties for sale that meet your criteria. Request a free valuation so you have an idea of what you can afford.

Step 2 - Find out what you can borrow:

Most people buying property in Cheltenham will need a mortgage and it’s a good idea to get the ball rolling early in the process. A good independent mortgage advisor will work out what you can afford and will have access to the very best home loans from the whole of the market. Speak to one of our trusted and recommended mortgage advisors to find out how much you can expect to borrow for your purchase. Getting a mortgage in principle will show estate agents and property vendors that you’re serious about buying too.

Step 3 – Book viewings:

Now you know what property you can afford and have an idea of the property style you like, book some viewings! It’s easy to be overwhelmed when you step inside a home so take a list of questions prepared in advance. We’ll show you around and answer any questions you need to know.

Morgan Associates suggest you take two viewings at different times of day on a property you are considering offering on. This gives you an indication of what parking is like at different time of day and what it’s like during the school run amongst other things.

Step 4- Offering on a property in Cheltenham:

Once you have decided on a property that’s right for you then make an offer, we’ll contact the vendor and negotiate a price and terms that both you and the vendor are happy with. There may be a period of negotiation before a price is agreed, but we’ll let you know as soon as any offer has been accepted. Morgan Associates understands that as estates agents, communication at this stage is crucial. We’ll keep you informed every step of the way.

Step 5 – Instruct a solicitor and mortgage provider:

At this point lock down your mortgage and instruct a trusted conveyancing solicitor to attend to the conveyancing. If you want don’t know any solicitors in Cheltenham and need recommendations, we can help you there. Your solicitor will guide the purchase to exchange and completion, and co-ordinate the release of your mortgage funds.

Both parties will be sent a Memorandum of Sale confirming the price, any special conditions negotiated, and the names and addresses of both parties’ solicitors.

You will need to provide you solicitor with funds in order to carry out local authority searches. These will highlight matters such as flooding, covenants, boundaries, restrictions, contamination, planning permissions and rights of way.

Communication will start between the vendor’s and your solicitor. You can expect all the necessary paperwork from the vendor’s solicitor via your own solicitor. After reviewing the documents, your solicitor will send preliminary enquiries to the vendor’s.

Step 6- Valuations & Surveys:

Once your offer has been accepted in writing, you will need to instruct your lender to organise a mortgage valuation. At this point your mortgage company should instruct a surveyor to carry out a valuation / home buyers’ / building survey. This reassures your mortgage lender that the property is worth the amount of money they are lending you.

Step 7: Exchange and completion:

Exchange is one of the most important milestones in any property purchase. It is when the signed contracts binding the buyer and vendor to the deal are swapped and a buyer’s deposit is transferred to the vendor’s solicitor’s client account.

At this point you’ll need to make sure your funds are ready, the relevant people are in the right place to sign the contracts and that your solicitor is content with the details related to your purchase and, if applicable, sale. Once exchange has taken place, you’ll need to set a completion date and book a removal company. Don’t forget to pre-reserve the parking bay to the front of your property for the removal van. It might also be worth considering arranging broadband, Sky or Virgin packages at this time to reduce the amount of down time.

Once you reach the completion date it is congratulations all round. Completion is when a buyer’s mortgage funds are transferred from their solicitor’s account to that of the vendor’s, and the keys are released to the new owner. From that point you can move in as and when it suits you.

At this point you should:

  • Set up a postal redirection service.
  • Change your address on accounts, such as: Insurance, banks, DVSA, NHS etc.
  • Take meter readings at both your sold and purchased properties and open and close utility accounts.
  • Inform the council that you have moved and apply for a discount if you are a single occupier.
  • Contact the local authority for a parking permit if required.