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Buying a property with Northgate

Are you looking to buy a property in Darlington or Newton Aycliffe? Northgate are one of the leading estate agents in the North East. Find your ideal home today with our smart property search.

 

Find properties for sale

 

– Your guide to buying a property with Northgate –

 

 

Step 1. Register with us

To help us find your ideal home we need as much information as possible about the type of property you are looking for.
To register with us you do any of the following:

> Call us on 01325 315869
> Register online
> Visit our office

Step 2. Get a mortgage in principle

It is advisable to get a mortgage agreed in principle before starting the search for your new home. By having a mortgage agreed in principle, the whole process will be a lot quicker.
Our recommended broker, has access to the whole of the market. Contact us to day for an appointment.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Step 3. The search begins

With a clear understanding of your requirements we will access all properties that match your criteria. Full details of this selection will be available to you Online or sent by Email, SMS or Post. However, in order to secure a property, we recommend an early viewing, we can arrange appointments at times that suit you, including weekdays, evenings and weekend.

Step 4. Making an offer

Once you’ve found a suitable property, we’ll put your offer forward to the seller, both verbally and writing. Any offers are subject to a contract being signed. There are no legal obligations on either side until the contract is signed.

Step 5. Sale agreed

Once the offer is agreed, an official application can be made for a mortgage. If you use our recommended broker, they will place you with the best lender, make arrangements for a survey, & you will be able to take up our free Buyer’s protection Insurance – contact us for more information. A solicitor will be required to handle the legal paperwork involved (conveyance). We can recommend a selection of solicitors who we trust to provide good advice and value.

Step 6. Draft contract

This is drawn up buy the sellers solicitor and sent to your solicitor, who will raise some preliminary enquiries.

Step 7. Survey

A survey is carried out on the property by a surveyor on behalf of the mortgage lender. If no mortgage is required (cash purchase) this is optional, but we always recommend you have a survey carried out to identify any structural problems and advise on the property’s’ value.

8. Local Authority Search

Your solicitor will submit a local authority search to the local borough council. This will reveal, for example, planning consents granted for the property and any local issues. Results of the local search take up to 10 working days.

9. Formal mortgage offer

This document will be sent to your solicitor for you to sign. Once signed and returned your mortgage is in place and you are ready to exchange contracts.

Step 10. Exchange of contracts

Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your solicitor. Providing there are no further enquiries, the contract is signed by you and the seller. The deposit (usually 10% of the purchase price) is telegraphically transferred or paid by the buyer’s solicitor in the form of a banker’s draft. The completion date is set.

Step 11. Completion

This is generally set a few days to a few weeks after exchange of contracts, depending on each parties’ personal requirements. Residual monies are now transferred from your solicitor to the seller’s’ solicitors account. Once the monies reach the sellers solicitors account we can release the keys.

 Congratulations, you are now the legal owner of your new home!

 

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