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Vival Property recognises, that the purchase of your home is one of the most important and expensive transaction you are likely to make, that’s why we have been working extremely hard to bring you a fully comprehensive home search tool.

 

We understand that we all have different priorities so, we have incorporated school search facilities for those of us who have children and local place of interest for those of us who prioritise on a social life. It is amazing what you will be able to do with our mapping technology from finding transport links to school and places of interest. We recommend that you have a play with our search facilities, ticking the map option when searching to see the true potential of our website as a research tool.

Another great reason why to buy from Vival Propertyis that we have extended our ‘free extras’ offer to buyers of selected homes. What this basically means is that the buyer would be eligible to receive one of our “free extras” such as, use of van on removal day, cleaning your home, or clearing the garden amongst other things. So keep any eye out for those properties and contact us for more details.

Our database features a vast array of properties and we are sure that with our local knowledge and expertise, we will be able to find you a property to suite your needs, be it a straightforward move or a “Buy-to-let” investment.

For your information, we have set out below an overview of the various procedure involved in buying a property. Do not hesitate to contact us on 020 7259 0303 or send us an email on This email address is being protected from spambots. You need JavaScript enabled to view it.  if you have any questions regarding this process.

Registration

The first step is for you to register your details and let us discuss your property requirements, this can be easily done by email, telephone, in person or by completing our online registration form. This will enable us to contact you with suitable properties. Once registered, you will be kept informed of any new properties that match your requirements.

Viewing

Vival Property will accompany viewings and we are able to accommodate a selection of hours that suite your needs. We are open 6 days a week and can be contacted any time via our website, email, phone or mobile phone.

Mortgage

If you require a mortgage and in order to speed your house buying process, it is advisable wherever possible; to get a mortgage agreed in principle before and final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers. Vival Property have teamed up with moneysupermarket to offer you independent mortgage advice services, they are able to search the whole  of the market and can offer you exclusive deals at times.

Making an offer

Once you have located your ideal property, your offer will submitted by us to the vendor for their consideration. This is done both verbally and writing.

NB: please note that all offers are “subject to contract” and therefore neither party is legally bound until the contract is actually signed.

Acceptance of offer/instructing solicitors

As soon as your offer has been accepted by the vendor. You should instruct a solicitor to act on your behalf (if you have not appointed one already, we will be happy to recommend a solicitor to you) your solicitor will handle all legal aspects of your purchase (property conveyancing). At this point you will also need to formally proceed with your mortgage application and instruct your mortgage consultant/broker accordingly.

Property valuation/survey

The next step is to obtain the mortgage valuation. This will usually be conducted by a chartered surveyor acting for your lender. The report is to provide a valuation as well as dealing with the basic condition of the property. You will be provided with a copy of the report that allows both parties to evaluate the findings prior to entering into a commitment to purchase.

Local Authority searches

These are conducted by the buyer’s solicitor who submits a local authority search to the local borough council. Its purpose is to ascertain if there is any planning consent previously granted on the property or if there are any other local issues which may have an impact on the purchase. In some instance, the search may also include an Environmental and Drainage search.

Draft Contract

The draft contact is drawn up by the seller’s solicitor and is forwarded to the buyer’s solicitor for consideration. Any additional queries or questions will be asked and answered and the contract amended accordingly, subject to final approval.

Mortgage offer

The lender is now in possession of the mortgage valuation and survey. Subject to the findings of this report; receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned.

Exchange of the contract

Once the contract had been signed by both parties, a deposit (a percentage of the purchase price or other agreed sum) is paid by either bank transfer or bank draft. At this stage, the parties agree on a date for completion.

Completion

Completion usually follows days after exchange of the contract has taken place but can be agreed between both parties to be more or less than this. On completion, the balance of the purchase price is transferred by the buyer’s solicitor to the seller’s solicitor and the keys released- Congratulations! You are now the owner of your new home.

At Vival Property we make sure that we are aware of the progression of each sale and make sure that you as the buyer are also well informed, this is to ensure the sale completes successfully and efficiently. You can choose from our selected panel of solicitors that offer a very good and prompt service and also have a client log in area on the web for you to keep up to date 24 hours a day. Also here at Vival property we have a “my login” in our website that enable you to keep up to date with the purchase of your new home any time you like, day or night. And if that is not enough we are also offering you the chance to e-mail us anytime and we will respond promptly as we can receive those e-mails on mobile phones.

Not to worry if you are a traditionalist, Vival Property is open 6 days a week and have long opening hours making sure that it is convenient for you to call us or call in.