Adapted from Reallymoving.com
Your Offer Has Been Accepted – What Happens Next?
Congratulations—your offer has been accepted! That’s a big milestone on your journey to becoming a homeowner, but there are still a few key steps before you can collect the keys. At Pilgrims Sales and Lettings, we’ve put together this practical guide to help you navigate what comes next with confidence.
1. Ask to Take the Property Off the Market
To protect your purchase from being outbid (known as gazumping), ask the selling agent to take the property off the market as soon as your offer is accepted.
2. Appoint a Conveyancing Solicitor
Your solicitor will handle all legal aspects of the purchase, from local searches to drawing up contracts. Choose a qualified firm regulated by the Solicitors Regulation Authority or the Council for Licensed Conveyancers.
They'll carry out key checks, such as:
- Local authority and planning searches
- Title and land registry checks
- Water and drainage
- Environmental and flood risks
3. Finalise Your Mortgage Application
If you’re taking out a mortgage, now’s the time to complete your full application. Your lender will ask for:
- Proof of ID and address
- Proof of income/employment
- Recent bank statements
Already have a mortgage in principle? Great—you’re one step ahead.
4. Arrange a Property Survey
Your lender will do a basic valuation, but you may want a more detailed RICS Home Survey to check the property’s condition. This can uncover any hidden issues before contracts are exchanged.
5. Get Moving Quotes Early
Even if you haven’t set your move-in date yet, it’s worth getting quotes from professional removal firms now. Look for companies with solid reviews, insurance, and flexible services.
6. Exchange Contracts & Pay Your Deposit
Once your solicitor is satisfied with the checks and your mortgage is approved, you’ll exchange contracts with the seller and pay your deposit (usually 10%). From this point, the sale becomes legally binding.
7. Set Your Completion Date
After contracts are exchanged, you’ll agree a completion date—the day you officially become the owner. This is typically 1–3 weeks after exchange.
8. Completion Day
On completion day, your mortgage funds are transferred and ownership changes hands. Your solicitor will also take care of any Stamp Duty due (within 14 days of completion).
9. Collect Your Keys
We’ll let you know as soon as the keys are ready! It’s best to agree on a collection time to keep things smooth on moving day.
10. Move In and Make It Yours
Time to unpack, get your utilities set up, and start making your new house feel like home. Don’t forget broadband, council tax, and home insurance.
Need a Helping Hand?
At Pilgrims Sales and Lettings, we’re here to guide you through every step of your property journey. If you have any questions or need a recommendation for trusted solicitors, surveyors, or removal companies, just get in touch.