Stage 1 – Arrange your viewing
Simply call us on 0800 612 9422 or complete our enquiry form
to arrange a viewing for a time and date that suits you.
Stage 2 – Reserve Your Home
To reserve your new home we will require a reservation fee of £99.00,
which forms part of your deposit. Once this fee has been paid and
the Reservation agreement has been signed, the home you have chosen
is yours, subject to contract. Rest assured that providing the
identified time scales are met, your home will be held for you
at a fixed price. Please be aware that if you are going to be using
a mortgage to purchase your new home we will require a copy of
your mortgage agreement in principle before we can complete the
reservation process.
Stage 3 – Finance
At this stage you will need to advise the relevant financial
institutions that you have agreed to purchase your new home. If
you are using a mortgage facility, it is usual at this point for
your mortgage company to arrange a valuation. If you have purchased
a new build property then the valuation stage of the process will
take place once the build has reached completion.
Stage 4 – Solicitors
In order to purchase your new home you will need to appoint a
Solicitor. Your solicitor will perform all the necessary searches
on the property as well as drafting all the legal documents that
will ensure the smooth transfer of ownership from Urban Light to
yourself. Your solicitor will also liase with your finance provider
and will be responsible for the transferring of funds between both
parties on the day of completion.
Stage 5 – Home Finish Consultation
Once the necessary legal arrangements are in place, Urban Light
will hold a consultation with yourself that you can put your personal
finishing touches on your home. At this stage we can discuss such
features as your kitchen and bathroom as well as the floor coverings
and even the colour of your walls. Urban Light will also give you
the opportunity to discuss any other home enhancements you may
like to have made to your home such as conservatories or in some
case’s garages.
Stage 6 - Exchange of Contracts
Approximately three to four weeks after paying your initial reservation
fee an exchange of Contracts takes place. At this point of the
purchase you will be asked to pay the remaining balance of your
deposit, after which the transaction will become legally binding.
Stage 7 – NHBC Inspection (New build properties
only)
Once your home has been completed Urban Light will advice NHBC,
who will fully inspect the property and put the 10-year guarantee
in place. At this stage you should advise both your finance company
and your solicitor of the completion so the necessary draw down
of funds can take place.
Stage 8 – Completion and Key Hand Over
This is the final stage of the process and will usually take
place 14 days after the exchange of contract, unless you are buying
a new home in which case it will take place 14 days after your
home is deemed complete. It is your responsibility within this
time to contact your solicitor and arrange a specific time within
that 14-day period for completion. At this point your legal team
will arrange for the transfer of monies after which your solicitor
will receive the title deeds for your new home. Finally your solicitor
will finalise the arrangements for you to receive the keys to your
new home. Please remember to arrange your home insurance to start
on the day you take ownership.
Stage 9 – Utilities and council tax
If you have purchased a new home Urban Light will register you
as the homeowner with the local utility companies for gas, electricity
and water. If your home is not new build then Urban Light will take
the appropriate readings and provide them to the appropriate utility
companies. You will need to contact all utility companies and open
your own account. If you are planning on using a television at the
property then you will also need to arrange for your own Television
licence. The final step will be for you to contact the local council
tax office and advise them of the date you , moved into your new
home.
Stage 10 - One-Month Review (New Build Only)
As I am sure you are aware all new build homes require a settling
period. For those customers who have purchased a new build home from
Urban Light we will make arrangements to visitor your property one
month after you have moved in and conduct a review on your home and
to ensure you are completely satisfied.
Please note that all of the above information relates to standard purchase therefore does not reflect any unpredictable issues that may tamper with the process.
