You have now found the house of your dreams and need to contact the Estate Agent to make a formal offer. Do not be afraid to offer under asking price as you can always increase your offer if the vendor does not accept your first offer.
If your offer is accepted then you will need to instruct a solicitor to take care of all the legal work involved. We have negotiated preferential rates for Mosaic Mortgages clients with a number of Solicitors and if you would like a detailed quotation for the legal work involved in the house purchase then Contact Mosaic Mortgages to discuss the competitive quotations.
Your application will be submitted to the lender and the valuation of the property will be instructed.
There are 3 types of valuation report:
We recommend that you instruct either type 2 or 3 as type 1 is instructed by the lender for their own purposes and you have no contractual relationship with the valuer and thus no comeback if the valuer has missed a glaring defect with the property.
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