Okay, that’s the mortgage bit covered. So, what are the other stages? You need to find a house or apartment that you love. Next, you make an offer which is accepted, and then you go to a stage called ‘sale agreed’. Don’t forget to budget for other costs like valuation fees and surveyor fees.
After this, the estate agent gives all the relevant details to your solicitor. Your solicitor may cost around €2,000-€3,500 depending on the part of the country you are in. Your solicitor will also calculate how much stamp duty is due and this will need to be paid to Revenue before the closing of the sale
While you wait for your formal Letter of Offer from the mortgage provider, you’ll need to start thinking about life assurance and home insurance which our team can help you out with.
Once you receive the letter of offer, your solicitor will sit down with you and go through it in detail to make sure you are comfortable with everything in the contract. Once signed, you’ll then physically hand over your deposit. Your solicitor then sends off the necessary paperwork in a process known as the ‘Exchange of Contracts’ and everything becomes official. Once your solicitor has completed all the necessary legal steps, they will get in touch with your Mortgage Advisor to arrange the payment of the remaining balance and to close the sale. Once that’s all completed, you’ll get the keys to your new place! At last!