Have the right team and paperwork in place
So you have your finance in place and found your home and the price has been agreed, you then need to appoint an Advocate to act on your behalf.
Normally a mortgage lender will instruct a surveyor for valuation and general condition purposes, it may be advisable to appoint an alternative survey that will provide structural surveys; no-one wants those unforeseen costs for major unexpected works.
Finally make sure you have all the legal paperwork ready. You will need:
- A valid Residential qualification under the Housing (Control of Occupation) Guernsey Law 1994
- Comprehensive buildings insurance in place from the moment you buy your home
- Check your Finance offer – it might require you to have life insurance policies in place
And don’t forget you will be given an ‘operative date’ you will normally be required to place a non-refundable 10% deposit of the full purchase price – you must have funds in place for this to avoid delays.