Although I'm no expert on mortgages and the property purchasing process when using one, I'm even less aware of how the process works when buying a property for cash. I will soon be in the fortunate position of having enough saved to purchase my first house outright, here in the UK.
Can someone who has done this provide a breakdown of how the process works? I imagine and hope it would be easier than using a mortgage; I can release the funds whenever necessary and buy any property I choose and can afford without lender restrictions. Of course a survey would still be required so I don't end up with a lemon plus a solicitor/conveyancer to ensure the paperwork all checks out, but what else should I be aware of?
Looking at this from the other side, during potential negotiations, is a cash buyer better for a seller than a mortgage user?
The other consideration I have is whether to go down this route at all, or instead put down a 50%+ deposit and keep a large chunk of liquidity. I appreciate this is more opinion- and circumstance-based than my main question, but thoughts are welcome.