The 7 steps to buying property in the UK

Buying a property in the UK is a dream for many immigrants living on the islands.

In short

1. The process starts with a meeting with a mortgage adviser
2. You will need a number of documents to obtain a mortgage
3. Once your creditworthiness has been assessed, you can make an offer
4. Once we have an initial mortgage decision, we begin the buying process
5. Buying a house in the UK usually takes 3-4 months

1. Preliminary information meeting

We’ll meet for an hour via Zoom to gather basic information about your financial situation.

2. Collection of the required documents

• Bank statements
• Income information (payslips / P60 or SA302)
• Proof of identity (passport / driving licence)
• Proof of address
• Proof of deposit

3. Agreement in Principle

Obtaining an Agreement in Principle signals the bank’s pre-approval to lend to you.

4. Finding a favourable mortgage

As a whole of the market broker, Extend Finance has access to offers from virtually all banks and financial institutions in the UK.

5. Mortgage offer and conveyancing

Conveyancing involves checking the planning, land registry, and verifying the legal status of the property.

6. Exchange of contracts

The last point at which you can back out of the transaction.

7. Completion — receipt of keys

The final and most enjoyable moment — receiving the keys to your purchased property.