Purchase a Primary Residence
STEP 1
Research
➮ Search for target properties based on the client’s needs. Owner-occupied property types include apartments, terraced houses, and semi-detached houses. Common areas include locations near commercial districts, school zones, and transport hubs.
STEP 2
Viewing
➮ After consulting with an advisor, jointly shortlist 3 to 10 suitable properties for owner-occupation and begin scheduling viewings. A property viewing report will be provided to the client.
STEP 3
Selection
➮ Based on the report, select the desired property for self-occupation. Key considerations include: price, location, layout, local amenities, parking, privacy, natural light, floor area, and interior condition.
STEP 4
Exchange
➮ Submit an offer for the selected owner-occupied property. Once the seller accepts the offer, both parties exchange solicitor details and the legal conveyancing process begins. A structural survey can be conducted during this period.
STEP 5
Completion
➮ As the purchase process nears completion, both solicitors agree on the completion date and key collection time. At the time of key collection, utility meter readings are provided, and the property purchase is finalized.
STEP 6
Inspection
➮ After receiving the keys, inspect the property for any undisclosed defects or inconsistencies with previously agreed conditions—for example, whether the property has been cleared out and whether the agreed-upon furniture has been left behind.
STEP 7
Bills transferred
➮ After confirming ownership of the property, the new homeowner must transfer all utility and tax bills into their name based on the water, gas, and electricity meter readings provided by the seller.
STEP 8
Renovation
➮ Renovation or refurbishment can be carried out before moving in. Common projects include changing locks, painting walls, installing flooring, replacing carpets, upgrading bathrooms, building a conservatory, and converting or enhancing loft space.
STEP 9
Decoration
➮ After completing interior renovations and confirming that no further structural work is needed, you can begin setting up the living space by purchasing furniture, curtains, appliances, etc., or arrange for (international) moving.
STEP 10
Move in
➮ Once all renovations and furnishing are complete, the owner-occupied home is ready for move-in at any time.