Cooper Adams' Offers & Purchase Application Form

  • Cooper Adams' Offers & Purchase Application Form

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  • [FOR LETTINGS OFFERS PLEASE USE THIS FORM - https://form.jotform.com/250692399026363]

    Sales Offers:

    We’ve sent you this form to submit your offer on a property you’d like to buy. Please complete it carefully, this is your chance to present your offer in the best possible light. Other offers may be made at the same time, so you don’t want to lose out by leaving gaps.

    To give yourself the strongest chance, it’s important you’re ready to proceed. That means having a mortgage agreement in principle in place, and a solicitor instructed with ID checks completed. If you need help with either, we can arrange it. If you’re in a chain, we’ll guide you through that as well.

    At Cooper Adams, we take a thorough approach to protect everyone involved and keep things moving. Some questions may feel detailed, but they’re there for legal reasons and to make sure the seller has a clear, accurate picture of your position.

    This form helps us present your offer properly, with the detail sellers expect before making a decision. You can withdraw your offer at any time before contracts are exchanged or a reservation agreement is signed.

    All information you provide is treated as confidential in line with our Privacy Policy.

    Completing the form fully will strengthen your position. Buyers who are organised, with funding clear and solicitors ready, tend to stand out.

    If something doesn’t apply or is still being arranged, just explain it in the box provided.

    All offers are put forward, whether this form is completed or not. That said, many sellers won’t make a decision until they have the full picture this form provides.

     
     - cooper adams privacy-policy

     

  • Property & Offer Details

  • Buyer Information

  • Are you planning on letting out this property or another one?*
  • Format: 00000 000000.
  • Have all buyers viewed the property? Sellers may be cautious if any buyer has not viewed in person.*

  • Readiness to Proceed

  • www.cooper-adams.com/blog/cooper-adams-secure-reservation-agreements

  • When an acceptable offer is agreed, you will be asked to enter into a Reservation Agreement. Once the Reservation Agreement is signed, all marketing and viewings stop and the property is taken off the market. The seller commits to you, which prevents gazumping and stops other offers being considered. This gives you the confidence to proceed with surveys and legal work knowing the seller cannot change their mind or accept another offer. We use Reservation Agreements to protect buyers and sellers from the uncertainty that causes so many sales to fall through. It creates a fair, transparent process where both parties are properly committed from the outset. You will receive clear information upfront and time to read everything before proceeding. Reasonable, evidenced withdrawals are protected, so this is not about trapping anyone, it is about mutual commitment and peace of mind. Most sellers we act for require this level of security. If you have questions or concerns, please let us know so we can clarify before your offer is submitted. This works in a similar way to buying a new build, the home is not secured until the reservation is agreed. The UK Government also recommends the use of Reservation Agreements in its guide to selling a home. Please confirm your position below:*

  • Your Buying Position

  • Your position (select all that apply). Please ensure accuracy and honesty.*
  • Are you taking a mortgage or any borrowing on your new home (including transferring equity release or bridging loans)? Agents legally need to know where all the purchase funds are coming from under AML laws.*
  • Ideal move in date (this will depend on the speed of solicitors and the slowest part of the chain)*
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  • Further Details

  • Cooper Adams need to check your funds for all costs, eg: purchase price, your selling fees, legal fees and stamp duty. Do you know all the costs and you have the financial proof to cover all this? (Agents legally need to know where all the purchase funds are coming from under AML laws.)*

  • Mortgage & Financial Details

  • If we could locate a cheaper mortgage inc all fees, would this be of interest?*

  • We have to see proof of funds and deposit. We need to see proof of where the funds are coming from.

  • Our independent qualified financial advisor may need to contact you to check through your funding and check your mortgage certificate. You confirm acceptance of this. You still choose which broker submits your mortgage.

    By completing this form you are confirming the information on this form is complete and accurate to the best of my knowledge and you wish Cooper Adams to submit this offer on my / our behalf to the seller of the above property.

    You may withdraw your offer to buy a property, at any time before exchange of contracts.

    All data on this form is strictly confidential between yourself and Cooper Adams. Information relevant to your offer will be shared with the seller as part of the negotiation process. All personal data is handled in accordance with UK GDPR and will not be shared unlawfully. The UK General Data Protection Regulation (UK GDPR) is mandated to protect private data, there will be no unauthorized sharing of your data. Your privacy is extremely important to us - https://cooper-adams.com/privacy-policy

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  • Gifted Mortgage Deposit

    If you are taking a mortgage and your deposit is being given to you, this is classed as a gifted deposit. If your mortgage deposit is gifted you will need proof it is a gift not a loan and will not need to be paid back. Providing proof that your deposit is a gift and not a loan, is the first step in getting a mortgage with a gifted deposit. This can be quite simple. A signed letter or document outlining that the deposit is a gift and not a loan is typically enough to satisfy lenders.

    The letter needs to be from the name of the person gifting to you, along the lines of: Please accept this letter as my written confirmation that I/we, (name of person(s)) am/are gifting my/our (relationship to person receiving gift – e.g. nephew, son), (name of person receiving gift) the sum of £(gift amount) in order to purchase (address of new property)This gift is given freely, no interest will be charged and no repayment is required. There will not be any interest retained in the property being purchased.

  • If you have a gifted mortgage deposit can you provide this letter as well as a scan or screenshot of the money in the bank account? This will need to be emailed to us - property@cooper-adams.com - (Agents legally need to know where all the purchase funds are coming from under AML laws.)*

  • Buyer's Anti-Money Laundering Check

  • HMRC legally requires Estate Agents under the Money Laundering Regulations 2017 to prove the identity of clients purchasing a property. This can be done now or when a sale is agreed.

    Both the following ID documents are required: 

     
    1. ID documents for all buyers (Current passport, a resident permit issued by the Home Office, or a current UK driving licence).

    2. Proof of address for all buyers (Utility bill or bank statement within the last 3 months).

     

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  • As with all agents legally we will have to do Money laundering ID checks. We will need to see original documents. 

    Further details - https://cooper-adams.com/blog/money-laundering-id-needed/5243

     

  • Additional Comments

  • If you want to change or increase your offer during negotiations, you won’t need to complete another form, just let us know by phone, email or WhatsApp.

  • Confirmation & Privacy

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