Once you have found your property you then need to instruct your agent to make a formal offer on your behalf “subject to contract”. When the offer has been accepted you now need to ask your Adviser to put in an official application with your chosen lender. Your adviser will let you know what you need.

At this point you will begin to pay fees.

On the assumption that the property is okay, your mortgage offer will be confirmed. If, however, there is some repair work needed, then this may affect the mortgage offer. The lender might ask for repair work to be carried out to the property before they agree the mortgage. If this is the case, you will need to get quotes for the work and try and negotiate a reduction on the price. Alternatively, you can ask the vendor to make good the repairs and pay for the work. You can ask your solicitor to do this for you. The surveyor will usually return to the property and carry out an inspection to ensure that the work has been carried out.

Worse Case Scenario - pull out all together if work required is costly or serious. A Structural Survey may be needed at extra cost. Price is dependent on purchase price, age, type and size of property. Expect to pay from £500 upwards for a full structural survey. Consider your position carefully.

On the assumption that the property is ok, your mortgage offer will be confirmed. If however there is some repair work needed then this may affect the mortgage offer. The lender might ask for repair work to be carried out to the property before they agree the mortgage. If this is the case you will need to get quotes for the work and try and negotiate a reduction of the price, alternatively you can ask the vendor to make good the repairs and pay for the work. You can ask your solicitor to do this for you. The surveyor will usually return to the property and carry out an inspection to ensure the work has been carried out. WCS- pull out all together if work required is costly or serious- or will Structural Survey maybe needed at extra cost.