Stage A: Arranging your Property Mortgage | Budged
Before start looking for properties we suggest firstly to arrange your finances.(What is my budget? Can I have a mortgage through the bank?)
Stage B: Choice of Property
Email us, or visit our office where we can discuss your property requirements. We will arrange a tour for you and view properties according to your requirements. ( If it’s necessary we can arrange a person who can speak your language )
Stage C: Contract of Sale
After you found the property that is suitable for you we create a draft Contract of Sale.The buyer can assign our certified lawyer (for free) or any other of his/her choice who will act on his/her behalf and will investigate the property from the legal point of view in order to protect the interests of the buyer. Once the contract has been signed by both parties the buyer must pay 5-7% of the value of the property as deposit so the property will be reserved.
Stage D: Registration of Contract of Sale in the Land Registry
The lawyer must submit the Contract of Sale within 6 months to the District Lands Office to register the purchase in order to secure the buyer’s ownership rights.With the full amount of payment of the agreed contract the Land Registry office will prepare the transfer of the Tittle Deeds(Up to 2-3 weeks to issued).
Stage E: Enjoy your new Home!!
A legal check of the property you are purchasing must be done; it is under the responsibility of your lawyer to find out if the property is burdened by any encumbrances. If the purchasing property has any mortgages on it, then the lawyer must arrange from the bank the so-called bank waiver. The bank waiver can be issued from the bank after the payment of a specific amount. It is of high importance to ensure this document because it is your guarantee that your property will not be confiscated by the bank should the vendor go bankrupt.