How does the house buying process work?

When beginning to look for a home of your own, it is advisable to ensure in advance that you are able to obtain a mortgage for the amount you are wishing to borrow.

If you are offered a part buy, part rent property by Circle Anglia, the process will usually be as follows:

  • A reservation fee will be required from you within 5 working days of the property offer being made.
  • Circle Anglia will arrange for you to attend a financial interview.
  • Circle Anglia can provide you with a list of solicitors with experience of New Build HomeBuy.
  • Both parties will instruct their respective Solicitors.
  • Our Solicitor will provide proof of Circle Anglia’s ownership and a draft contract that will describe the property to be sold and the rights and obligations that go with it.
  • Your Solicitor will carry out a local land charges search from the Local Authority.
  • You (or your lender) will instruct a Surveyor or Valuer to carry out a mortgage valuation of your property. Providing there is nothing adverse, you should then receive your Mortgage Offer. A copy of this should be forwarded to our Solicitors for approval.
  • Your Solicitor will then make various enquiries about the property to our Solicitor. They will also make enquiries to the local authority regarding the surroundings.
  • Once the contract has been agreed, both sides are ready to enter into a binding agreement to buy and sell the property.
  • Contracts are exchanged and you will usually need to pay a deposit at this stage.
  • If any further clarification is required your Solicitor will make additional enquiries to our Solicitor.
  • Once these have been finalised, the lease can be completed. Your Solicitor will transfer the balance of the purchase price to our Solicitor.
  • Your Solicitor will then arrange payment of your Stamp Duty, if you are purchasing a 80% share of the property, or advise you accordingly.
  • Once our Solicitor has confirmed receipt of the purchase monies, we will contact you to make arrangements for you to collect the keys to your home. We cannot allow keys to be released or furniture to be delivered until the full funds have been received in our solicitors account.
  • Upon completion of your purchase, your tenancy will be managed by our Leasehold Team and you will hear from them directly with regards to the payment of rent. The Leasehold Team can also deal with any neighbourhood management or rent related enquiries.

Prior to completion, wherever possible Circle Anglia will try to accommodate any requests to visit your property in order that you may take measurements etc. However, please remember that site access may be restricted due to health and safety regulations and cannot always be guaranteed. In order to arrange your viewing appointment, please telephone the Sales and Marketing Team or click on Contact Us

Circle Anglia cannot allow any deliveries to your property until you have completed on your purchase.