Purchasing a property is an exciting milestone in life, whether it’s your first home or your fifth investment property. However, the process can often feel overwhelming and complex, with many stages of a property purchase to navigate.

At Your Mortgage Shop, we understand the importance of guiding our clients through each step of the property purchasing journey. In this blog post, we will break down the stages of a property purchase, helping you understand what to expect and how to successfully navigate the process.


Before you start house hunting, it’s important to get pre-approved for a mortgage. This will give you a clear understanding of your budget and allow you to shop with confidence. Your Mortgage Shop can help you with the pre-approval process, ensuring you have a strong financial position when making an offer on a property.

2. House Hunting:

Once you have your pre-approval in hand, it’s time to start looking for your dream home. This stage often involves visiting multiple properties, attending open houses, and working with an estate agent to find a property that meets your needs and budget.

3. Making an Offer:

When you find a property you love, it’s time to make an offer. Your Mortgage Shop can help you navigate this process, providing guidance on how much to offer and what conditions to include in your offer. We will work closely with you and your estate agent to ensure your offer is strong and competitive.

4. Mortgage Approval:

After your offer is accepted, it’s time to finalise your mortgage. Your Mortgage Shop will work with you to secure the best mortgage rate and terms for your needs. We will guide you through the mortgage approval process, ensuring a smooth and stress-free experience.

5. Survey:

A property survey is instructed on behalf of the mortgage lender and conducted by a professional  surveyor to examine the condition of the property that you are buying. The surveyor will report back on any issues, such as structural problems or any major repairs Your Mortgage Shop will be with you every step of the way, ensuring a seamless closing process.

6. Instruct a Conveyancer:

A Conveyancer will handle the legal side of the property transaction. They handle contracts, give legal advice, carry out searches and transfer the money to pay for your property. Don’t forget, Your Mortgage Shop can help you with arranging for insurance which you will need in order to exchange contracts.

7. Exchange of Contracts:

Once the contracts have been exchanged, the buyer and seller can’t back out. The exchange can only happen once your deposit is in place and ready to go. By this stage, you’ll have received your mortgage offer.

8. Completion:

This is the day you get the keys to your property! It’s time to move into your new home. We will be there to support you as you settle into your new property.

At Your Mortgage Shop, we understand that the property purchasing process can be daunting. That’s why we are committed to providing our clients with expert guidance and support at every stage of the journey.

Whether you’re a first-time buyer or a seasoned investor, we are here to help you achieve your property ownership goals.

Contact us today to learn more about how we can assist you with your property purchase

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