Your solicitor
Solicitors are an essential part of the home buying process as they oversee the purchase of your new home and take care of all the legal aspects, ensuring everything goes as smoothly as possible. If you don’t already have a solicitor, our Sales Consultants can supply you with the details of some local independent firms who work with us regularly. This helps to make your move as straightforward as possible as our recommended solicitors are familiar with our process.
Mortgages and Insurance
It is now time for you make a formal application for a mortgage, should you need one, based on the price and details of your chosen home. Our Sales Consultants can put you in touch with a New Build Mortgage Specialist or, alternatively, you can get in contact with them directly as a member of My Redrow. You should also arrange the insurance of your new home at the same time as your mortgage. Building insurance is essential and all lenders will insist you have it in place from exchange of contracts.
Exchange of contracts
The next stage in the home buying process is for the respective solicitors to exchange signed contracts and after doing so both parties are legally committed to the sale and purchase of the property. At this time you will also pay the exchange deposit for your new home to Redrow which is usually 10% of the final purchase price unless otherwise agreed. Once the contracts have been exchanged, we will keep you updated as to when your home will be completed and you should be able to move in.
Explore more of our Home Buyer Guide
Home buyer guide
Finding your new home
home buyer guide
From exchange to completion
