Buying a property in Scotland has its own set of rules and stages, which differ from those in other parts of the UK. Knowing these steps in advance helps you stay organised and make confident decisions.
Whether you’re new to the market or moving again, this guide takes you through the process in plain language, so you can follow each stage with ease and approach your purchase with confidence. Keep reading to see how it works from start to finish.
Preparing to Buy
Start by getting your finances ready. This includes securing a mortgage agreement in principle and setting a budget you can comfortably manage. Research the areas you’re interested in, looking at transport, schools, amenities, and potential for long-term value.
It’s worth appointing a solicitor early so they’re ready to act as soon as you find a property. If you’re buying in Glasgow, choosing someone who handles purchase conveyancing in Glasgow ensures you get local knowledge and the right legal support.
Making an Offer
In Scotland, homes are usually listed as “offers over,” “fixed price,” or “offers around.” Once you find a property you like, your solicitor can send a note of interest to the seller’s solicitor. This lets them know you are serious and ensures you are updated on any closing dates.
When it is time to make your offer, your solicitor will put it in writing. This will set out the price, your preferred move-in date, and any conditions. The offer is then submitted to the seller’s solicitor for review.
Concluding the Missives
If the seller accepts your offer, the legal exchange begins. This is called concluding the missives, which are letters between your solicitor and the seller’s. They agree on all the key details, such as price, date of entry, and any items included in the sale.
Once the terms are settled and the missives are concluded, the agreement is legally binding. From this point, neither party can withdraw without potential penalties.
Arranging the Survey and Checks
The seller will usually provide a Home Report, which contains a survey, energy performance rating, and property questionnaire. Even so, you may want your own independent checks for extra reassurance before your impeding move.
Your solicitor will also carry out searches on the property title. These confirm the seller’s legal right to sell and ensure there are no disputes or outstanding debts linked to the property.
Finalising the Purchase
As the completion date approaches, your solicitor will prepare for the transfer of funds. On the agreed date of entry, the purchase money is sent to the seller’s solicitor, and you can collect your keys. Your solicitor will then register your name as the new legal owner with Registers of Scotland.
Bringing It All Together
Knowing the process from start to finish means fewer surprises and a smoother move. By preparing your finances, choosing the right solicitor, and staying informed at every stage, you give yourself the best chance of a stress-free purchase. Whether this is your first home or your next step, being well-prepared will make all the difference.