Understanding the roles and obligations of the people concerned within the house shopping for course of

As you’re employed by way of the method of shopping for a property, you’ll come throughout varied people who play important roles within the journey. Familiarising your self with these people and their obligations will provide help to navigate the house shopping for expertise with confidence. 

We’ve teamed up with L&C to share a breakdown of who’s who and what you may anticipate from every of them…

Property agent

An property agent’s major accountability is to market and promote properties. Should you’re a purchaser, they’ll present you properties they assume you’ll be excited about and may present additional particulars on these houses, like floor hire and repair prices. 

Moreover, property brokers facilitate communication between solicitors, consumers, and sellers to expedite the shopping for course of which is an extremely necessary a part of guaranteeing the method runs easily. As soon as the sale of a property is full, property brokers obtain a charge which is paid by their consumer and fee charges usually vary from 0.9% to three.6% of the acquisition worth, whereas some could cost a flat upfront charge.

Mortgage dealer or advisor

A mortgage dealer or mortgage advisor assists you in researching the mortgage market and discovering the very best deal to fit your wants. They’ll focus on your mortgage preferences, timeframe, earnings, bills, and funds to find out the mortgage choices accessible to you. As soon as they suggest an acceptable mortgage, they’ll information you thru the appliance course of. 

Earlier than going to a mortgage dealer, put together your monetary data, akin to earnings and family expenditure, to hurry up the method as they’ll want this data to information you. It’s additionally value conserving in thoughts that some brokers are tied to particular lenders, whereas others have entry to a broader vary of offers throughout all the mortgage market.

Brokers should disclose their charges upfront and so they usually obtain a fee from the lender upon mortgage completion. Some brokers, like L&C, don’t cost further charges, while others could cost a flat charge or a proportion of the mortgage quantity.

Mortgage lender 

Mortgage lenders assess your capability to afford the mortgage you’ve chosen and guarantee its suitability. Every lender gives varied mortgage choices, so it’s essential to analysis totally different choices throughout lenders earlier than making a choice.

An necessary level to notice is that getting a Resolution in Precept earlier than you begin taking a look at houses provides you an thought of how a lot a lender is perhaps keen to lend you. This can even stop you from taking a look at properties exterior of your funds and provide help to focus your search.

To be sure to’re conscious of what can be anticipated financially, perceive each the month-to-month funds throughout any particular deal and the funds after the deal ends earlier than making use of for a selected mortgage. Take into account the general price of the mortgage, together with association charges, moderately than solely specializing in the headline rate of interest.


The solicitor’s foremost accountability is to hold out the conveyancing course of, which entails legally transferring the property from the vendor to the customer. 

They conduct essential searches earlier than the acquisition can proceed, prepare contract change and completion, and facilitate the property’s registration with the Land Registry. 

Conveyancing charges usually vary from £950 to £1,700, and searches price round £250 to £350, relying on the property’s worth.

Be sure to inform the property agent of your chosen solicitor’s identify as soon as your provide is accepted. On the subject of timeframes, solicitor searches normally take two to a few weeks to finish, however further inquiries could come up based mostly on the outcomes.

As soon as contracts are exchanged, you’re dedicated to buying the property.

Property surveyor 

A surveyor’s function is to evaluate the worth and situation of the property. A valuation survey is required by the lender, however you may also go for a extra detailed survey to determine potential structural issues, damp, or subsidence.  

If the survey reveals that important repairs are wanted, it’s possible you’ll negotiate a diminished provide to account for the fee. Fundamental surveys normally price round £250, whereas extra complete surveys can begin at £600. Choosing a extra complete survey may very well be worthwhile if it uncovers main points with the property, although it might price greater than a fundamental survey. Surveyors also can present steerage on property renovations and acquiring planning permission. 

A agency mortgage provide is normally offered by the lender after they approve the surveyor’s valuation. Make it possible for any surveyor you take into account is a member of the Royal Establishment of Chartered Surveyors (RICS) and is accepted by your chosen lender.

Consider carefully earlier than securing different money owed in opposition to your house. Your private home or property could also be repossessed if you don’t sustain repayments in your mortgage. 

Content material offered by OnTheMarket.com is for data functions solely. Unbiased {and professional} recommendation needs to be taken earlier than shopping for, promoting, letting or renting property, or shopping for monetary merchandise.