Scullion News & Resources
Scotland is one of the best places to buy your 1st home, for many people it’s a dream come true, Scullion LAW has helped many 1st time buyers start their journey. We also specialise in helping overseas buyers and those with gifted deposits.
If you’re a 1st time buyer don’t forget to mention ‘FTB’ for a discount*
Ready to take the plunge and buy your first home in Scotland? 🏡 Here’s a step-by-step guide to help you navigate the process from securing a mortgage to finalizing the purchase.
1. Secure a Mortgage 💰
Before you start house hunting, get a mortgage agreement in principle. This will give you an idea of how much you can borrow and show sellers you’re serious. Shop around for the best mortgage deals and consider speaking to a mortgage advisor. If you wish a recommendation for a mortgage advisor, please get in touch.
2. Find Your Dream Home 🏠
With your mortgage sorted, it’s time to start looking for your perfect property. Use online portals, visit estate agents, and don’t forget to check out specialist local listings such as S 1 Homes and Right Move. Remember to consider the location, amenities, and future resale value.
3. Review the Home Report 📋
The seller should provide a Home Report, which includes a property survey, energy performance certificate, and property questionnaire. Review this carefully to ensure there are no hidden issues.
4. Make an Offer 📝
Once you’ve found the one, it’s time to make an offer. In Scotland, this often means offering over the asking price.
Our Property Law Team can assist with this.
Once you are ready to make an offer, get in touch with The New Property Team at newproperty@scullionlaw.com or alternatively by phone on 01698 283265, and we will submit the written offer on your behalf, and if it’s accepted, you’re one step closer to your new home!
Our Property Law Team offer a discounted legal fee for First Time Buyers!! Please quote ‘FTB’.
5. Finalise the Mortgage 🏦
With an accepted offer, you can now finalize your mortgage. Your lender will conduct a valuation of the property to ensure it’s worth the amount you’re borrowing.
6. Legal Work and Conveyancing 📜
Our Property Law Team will handle the legal aspects, including the conveyancing process. This involves transferring the property title from the seller to you, ensuring all legal requirements are met.
7. Exchange Contracts and Complete 🖋️
Once all legal checks are complete, you’ll exchange contracts also known as missives with the seller. On the agreed completion date, the remaining funds are transferred, and you get the keys to your new home!
*Discount runs for a limited time only
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