The Process...

Buying your first home, moving home or re-mortgaging? Keypoint Mortgage Solutions can make it easy for you!

We’re committed to helping you get a mortgage deal that’s just right for you. Looking for the best product, not from just one provider, but from right across the market. And that’s just one of the ways we can help you when you want to move home. Keypoint Mortgage Solutions are with you every step of the way!

Step 1 – Initial consultation
Call us on 0114 247 7790 to arrange a convenient time for us to meet you for an initial consultation – this can be done over the telephone. This should take approximately one hour and your appointed adviser will gather the information from you that we require to start the process.

We will, as a basic requirement, require sight of the following:

• Proof of identity (original passport/photo card driving licence)
• Proof of residency (e.g. recent utility bill, bank statement)
• Latest 3 months’ personal bank statements
• Latest 3 months’ payslips or latest 2 years’ accounts (if self-employed).

Step 2 – Search the mortgage market
We will then search the market for a product that best suits your needs, requirements and situation. We will talk you through our recommendation and send confirmation of our discussion and recommendation in writing.

Step 3 – Appoint a solicitor or conveyancer
You will need to appoint a solicitor or conveyancer who will deal with legal aspects of purchasing your new property and selling your existing property, if applicable. This process is commonly known as ‘conveyancing’ and it includes researching the property’s legal boundaries, obtaining the legal deeds and advising you on a draft contract of sale. Your solicitor or conveyancer will also carry out searches and agree a date for completion. We’ll be more than happy to introduce you to a solicitor who will act on your behalf during the transaction.

Step 4 – Complete the application form
Following your agreement to our recommendation, we can send you the mortgage application form to complete, sign and return. If requested, providing we have the relevant information, we can complete the form on your behalf and send it to you to check, sign and return.

Step 5 – Submit your application form to lender
On receipt of your signed mortgage application form we submit it to the relevant lender. We then monitor the progress of your application and keep you updated on a regular basis.

Step 6 – Mortgage offer
We monitor the mortgage application process from start to finish, enabling you to have complete piece of mind. After your application form has been submitted, the lender will typically need to carry out a valuation of your new property.

Once this has been done and your application has been accepted, a mortgage offer will then be issued by the lender.

Step 7 – Exchange contracts
Once your solicitor or conveyancer has carried out the necessary legal work and the mortgage offer has been made and received by you, the contracts can be exchanged. Each party will then sign the contracts and, when exchanged, they are legally binding. The contracts will include a completion date, which is the date that you take legal ownership of the property.

You will also need to take out buildings insurance so that the property is insured. Once again, we can arrange this for you.

Step 8 – Legal completion
This is the last stage of the process when your solicitor or conveyancer completes the purchase of the property on your behalf. The Transfer Deed, the document confirming you as the owner of the property, is then sent to the relevant registry so that records can be updated showing you as the new owner. The property is then legally yours and you can move in.

In some cases contracts are exchanged and legal completion takes place on the same day. With one of our team guiding you through the whole process, you can save yourself a lot of time – and headaches!