KEEPING TRACK OF YOUR JOURNEY

Whether you are a first time buyer, or simply new to buying a new build home, this list will help you track each stage of the process and exchange contracts in a timely manner.

STEP 1

You reserve your new Bloor home and pay your reservation fee. It is important you make a note of your reservation expiry date.

STEP 2

Either our Independent Financial Advisor or your own Financial Advisor will submit the full mortgage application, after receiving all of the necessary documentation. You will be required to pay a valuation fee at this time.

STEP 3

Supporting documentation will be sent to the mortgage lender for assessment. This can take anywhere between 2 to 10 working days.

You will also receive a quote from recommended solicitors.

STEP 4

You will return the completed instruction form to your chosen solicitors and pay for your search fees. We strongly encourage you to use next day recorded delivery when returning documents.

STEP 5

Your solicitor will send your contract to you for you to read and sign, returning to them promptly. We strongly encourage you to use next day recorded delivery when returning documents.

STEP 6

The mortgage lender will confirm your application is successful, subject to their valuation. At this stage, the valuation will be instructed and booked with the Bloor Homes Sales Offce.

STEP 7

The valuation report will be received by the lender. Subject to the report being acceptable, the mortgage offer will be produced within 48 to 72 hours.

STEP 8

Your mortgage offer will be posted to you and all solicitors. The Bloor Homes Sales Team will also be notified that the mortgage offer has been issued.

STEP 9

You will receive the mortgage deed from your solicitor. It may be at this time your solicitor chooses to raise enquiries, which will be responded to by Bloor Homes' solicitor.

STEP 10

Your solicitor will now contact you to make arrangements for you to send the necessary deposit monies in order to exchange.

STEP 11

You return the signed mortgage deed to your solicitor. We strongly encourage you to use next day recorded delivery when returning documents.

STEP 12

You should now be ready to exchange contracts. It is likely you will be informed of an "on notice" completion date with a termination period of either 2 or 6 months if your Bloor home is still under construction. If your Bloor home is build complete however, you will be informed of a fixed completion date to exchange.