The purchase of a property in the UK is unfortunately not a straightforwardly simple transaction,as due to the large figures involved great care is taken to preserve the interests of all the associated parties.These parties are not just the buyer & seller,but financial advisors,surveyors,lending institutions, solicitors and real estate agents who all have a stake (and at some point,a liability!) in ensuring the process goes smoothly.The length of the process can vary anywhere from 2 weeks up to 6 weeks in total.A simplified overview of the steps neccesary to undertake a transaction are listed below:

(PLEASE NOTE:
the process varies slightly in Scotland, where one must refer to scottish
property law).

1.
Approach a lending institution directly normally your local bank.They will usually have a mortgage advisor situated on the premises who normally wont
require any upfront fees from you unlike a IFA (Independant Financial Advisor). IFA's justify there fees however by having access to the Whole of Market(a term used to refer to the whole of the mortgage market),instead of a high street bank who will only be able to serve you there offers which may not be the most competive.The upfront fee payed to an independant mortgage advisor could ending saving you 1000's of pounds in interest over the long term as they manage to secure the best possible interest rate deal for you. They also encourage the development of a longterm business relationship with you as they can provide assistance in the first instance of any
financial difficulty.

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