It’s a common misconception that buying a home has to always be a very stressful and time-consuming process. Typical estimates put the completion of the whole process at six months, but of course this can differ greatly from case to case.

While some stress during the buying process is inevitable, at Redrow we do all we can to make sure the entire process is as easy, smooth, and efficient as possible. Read on to find out more about the process of buying a home with Redrow. 

 

What is the process of buying a home with Redrow?

Once you’ve found your dream new home, what happens next? Here’s a complete guide to buying with Redrow from start to finish.

1. The conveyancing process

Property solicitors, also known as conveyancers, handle all the legal aspects of the purchase, such as contracts, funding and council searches, ensuring that the process goes smoothly.

It’s highly recommended to have a solicitor when buying a home. Solicitors can help you understand the legal processes so that the buying journey is smooth. They protect your investments and can help spot any hidden legal issues.

Good conveyancing solicitors will keep you informed and help reduce any stress. Our sales consultants can provide you with details of local firms that we work with to make your move easier.

2. Mortgages and insurance

Your solicitor and the team at Redrow will help you when it's time to apply for a mortgage (if needed). You’ll need to apply for a specific mortgage based on the price and details of your chosen home.

Here are four key steps to sorting a mortgage for a new home:

• Collect credit reports, documents related to bills, insurance, income, and identification.
• Contact our sales consultants if you would like us to connect you with an independent new home mortgage specialist.
• Arrange insurance for your new home at the same time as your mortgage.
• Make sure you have building insurance in place when you exchange contracts, as lenders will require it, and you will be legally responsible for your new home.

We work with a trusted network of new build mortgage specialists who can help you with choosing the right mortgage for you.

3. Upgrades and additions to your new home

Now for the most exciting part! You can personalise your new home by choosing from a range of kitchen units, bathroom fittings and other options – just have a chat with the Sales Expert at your chosen development to find out all the options available. From choosing appliance types to selecting plug sockets and decor options, this is your first opportunity to build your dream home.

4. Exchange of contracts

The next stage of your home-buying journey is for the respective solicitors to exchange signed contracts related to the sale and purchase of the property. Before this occurs, it's important to confirm:

• All searches are complete.
• Mortgage funds and offer are secured.
• The completion date is set.
• You understand all relevant details of the offer and the contract has been explained by your solicitor.

At this time, you will also pay for the exchange deposit, usually 10% of the final purchase (unless otherwise agreed). Once the contracts are exchanged, you’ll be updated on the completion date and when you can move in.

 

To the best of Redrow’s knowledge, everything in this guide is true at the time of writing. All descriptions, images and plans are illustrations, examples and/or approximations only and some processes listed may differ when buying a Redrow home, please speak with the sales team at your chosen development for more details. Redrow does not accept any liability or responsibility contractual or otherwise for any reliance on the information contained within the guide.