GUIDE TO BUYING

Purchasing property in Jersey can be a complicated process. This brief step-by-step guide will help walk you through the process.

STEP 1 – ARRANGE YOUR FINANCE
Prior to beginning your property search, a trip to your current bank or mortgage broker is advisable. By confirming your specific budget early-on, you may be able to attain a mortgage agreed in-principle.

STEP 2 – REGISTER YOUR INTEREST
Your next step is to register your property requirements with us by calling 861888, visiting our offices conveniently located on Commercial Street or by registering with us online here

STEP 3 – LOCATE THE RIGHT PROPERTY
Upon confirming your specific requirements, you’ll receive a selection of properties from Rockproperty that match your criteria. We will keep you constantly updated when new suitable properties become available.

STEP 4 – MAKING AN OFFER
Once a suitable property has been identified, we shall put forward the offer to the vendor (seller) on your behalf, advising of any particular conditions or circumstances. Rest-assured, until contracts have been signed, there are no legal obligations to either party.

STEP 5 – OFFER ACCEPTANCE
Once your offer has been accepted, we’ll complete the following:

• Liaise with both parties clarifying the agreed sale price and proposed completion date
• Request confirmation of your mortgage provider and lawyer (conveyancer) (Step 6)
• Formalise the agreed sale price with lawyers from both parties and provide all necessary documentation
• Complete the Housing Form on your behalf for processing by the Population Office in-order to gain Consent from the Housing Minister

STEP 6 – INSTRUCT A LAWYER
You can decide which lawyer undertakes your property conveyancing – however, it’s often a good idea to contact several firms who specialise in property law and gauge whom you feel would deal with your particular circumstances most appropriately. We deal with a variety of law firms on a regular basis and would be happy to recommend utilising the following firms – please click here

STEP 7 – SURVEY
The survey is vital as part of the purchasing process. Though the cost is borne by the purchaser, it is necessary for all mortgage lenders to clarify the value and structural condition of the property.

STEP 8 – COMPLETION (Passing Contract)
Passing contract on Freehold, Flying Freehold and Leasehold properties is undertaken in the Royal Court of Jersey on a Friday afternoon. Share Transfer properties can pass contract on any week day, as contracts are signed within the respective lawyers’ office.