What happens after the Mortgage offer from the Bank?

You may well think that the hard part is over and that you can sit back and wait for the house to come to you after the mortgage offer and application to the lender has gone through but this is sadly not the case. There is still much to do and for the process to undertake before you can move in. The best way to look at it is you’ve done your part, now it’s time to leave it over to the hands of the conveyancing professionals such as Sam Conveyancing for example. It is their task to make sure that the sale goes through covering all the legal aspects of wants involved in a house move.

Image credit

The other thing that you will need to think about is getting a Homebuyers Survey organised via a Royal institute of Chartered Surveyors professional. This is a vital part of the process as it will tell you, the lender and the conveyancer what kind of state the property is in. This will let you know if it’s a viable place to live, for the lender if it’s a good investment to lend on and for the conveyancer it tells them of any issues that might delay the sale.

Image credit

In many cases the lender will provide the valuation as they will only trust their own source for such an important job. Whilst this does make it annoying to contest the valuation should you disagree with it it does mean that a lot of the stress of finding a valuers is taken off your shoulders.