With sealed bids, gazumping and faster exchanges returning to the high-end London property market, buyers increasingly need to be prepared to move quickly when the right opportunity arises.
Robinson shared his top tips for helping high-net-worth buyers achieve a smoother and faster property exchange.
Buyers using mortgage finance should prepare their paperwork as early as possible. Lenders need a clear understanding of a borrower’s identity, wealth, income and ability to repay, and delays can occur when this information is not readily available.
A strong team of experienced professionals can help keep a transaction moving efficiently. Depending on the purchase, this may include a mortgage broker, buying agent, lawyer, tax adviser, surveyor and insurance broker.
Working with professionals who are experienced in high-value transactions and able to coordinate effectively can help reduce delays throughout the process.
Legal representation plays a key role in protecting the buyer’s interests and progressing a transaction to completion. Robinson highlighted the importance of choosing an experienced lawyer with a strong understanding of the relevant property market.
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