I am looking to purchase my first narrowboat, and am ready to make an offer. It is a private seller rather than broker, so I am currently unsure how to securely complete the transaction (exchange of payment / paperwork). Would appreciate any feedback on this from those with greater experience and knowledge.
If my offer is accepted I would like to have a survey done on the boat, as 1. the boat is on the older end of the spectrum, and 2. its my first narrowboat purchase so don't feel I have the knowledge to go ahead without survey.
Prior to survey should I pay a deposit, and if so I assume it should be clearly outlined the terms of return of deposit (in relation to survey). Also, should the deposit go to the seller or held be an intermediary (?) to ensure the terms are met by both parties. If the survey shows nothing not already known then I would intend to complete purchase.
What is the best way to then securely transfer payment (again is an intermediary helpful), and should the exchange of payment and the bill of sale / the boat itself happen simultaneously? If so how is that achieved?
Thanks for your time.
Niki