A solicitor will keep you informed throughout the process and will notify you when you are required to sign documentation to avoid delays to your move. Paperwork delays are a common problem in house moving chains and an effective property lawyer will help avoid hold-ups.
For most mortgages you'll need a deposit of at least 15% (and usually higher). For a £300,000 house, that's at least £45,000. And when you factor in fees, stamp duty and moving costs, you'll need a lot of cash on hand to make the purchase!
However if you don't have piles of spare cash lying about, you may still be able to get a mortgage. Depending on your situation, one of two Government schemes may be able to help:
"Help to Buy"
This is a Government scheme to reduce the size of the deposit you need to purchase a property.
To be eligible you must:
Have at least a deposit of 5%
Be looking to buy a home in the UK worth £600,000 or less
Desire to live in this property for most of the time
Intend to use a repayment mortgage plan and not an interest-only mortgage plan
Not use this property to let out or as a second home
"Starter Home Initiative"
If you are under the age of 40 and a first time buyer, you are eligible for the Starter Home Initiative which gives a discount of at least 20% on your purchase of the property.