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Whats the next step??

  • 03-03-2021 8:09pm
    #1
    aaaaaaaahhhhhh
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭aaaaaaaahhhhhh


    Hey Guys,
    I got morgage approval today which is great.
    I know the house I want, so whats the next step?

    I know the bank will need the below before releasing funds:
    • Home Insurance
    • Valuation Report
    • Direct Debit Mandate
    • Funds Upfront
    • Life Cover
    • Solicitors Undertaking

    Do I contact the property agent and make the offer, get the solicitior etc?


Comments

  • #2
    Tenley Lazy Veteran
    Posts: 0 ✭ Tenley Lazy Veteran


    Next stop is make an offer on the house. If the bid gets accepted you'll need to provide proof of funds to the EA (just do it tbh, people are very squeamish about this but the EA sees this sort of thing every day), the first thing you should do that actually costs you any money is get a survey done, because if it turns out the house is going to sink in 5 years then you're obviously not going to buy it. If you're happy with the survey then get a solicitor and between them and the bank they'll let you know everything you need to provide.


  • #3
    TattooedLady
    Registered Users, Registered Users 2 Posts: 38 ✭TattooedLady


    aaaaaaaahhhhhh wrote: »
    Hey Guys,
    I got morgage approval today which is great.
    I know the house I want, so whats the next step?

    I know the bank will need the below before releasing funds:
    • Home Insurance
    • Valuation Report
    • Direct Debit Mandate
    • Funds Upfront
    • Life Cover
    • Solicitors Undertaking

    Do I contact the property agent and make the offer, get the solicitior etc?

    You'll need to find yourself a solicitor. Once you've gone sale agreed on a property the first thing is to get a survey done, you don't want to waste your time or energy on a house with loads of problems or major issues.

    You'll need to get your letter of offer from your bank and then start looking into life insurance or mortgage protection, I would look into the insurance/protection early especially if you have any kind of medical issues.

    Then once you've that done and the list above checked off it's a matter of getting contracts signed, drawing down the mortgage and getting into the house!


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