We help to make the home search and buying experience more constructive and enjoyable, by offering clear guidance and as much visual and other information as possible on all properties on our database. We also commit to ensuring all viewings we arrange are accompanied by one of our professional consultants. These factors help ensure viewings are a positive experience for buyers and vendors, and substantially reduces a lot of time waste.
The key steps involved with buying a property are summarised below. If you need any further information or advice, please don’t hesitate to contact us.
These costs include:
A fee charged by lenders to cover the cost of setting up the mortgage. Some lenders waive this fee. Our partners, a firm of professional, independent financial advisors, would be pleased to provide you with a free, no obligation consultation on what mortgage options are available to you, and the associated costs.
All lenders require a valuation of the property to assess whether it is actually worth the price being paid for it. This type of valuation is organised by the mortgage lender but you will be expected must cover their costs. The cost of the valuation depends on the value of the property.
You may wish to commission a more detailed survey in addition to the basic mortgage valuation. There are generally two types of survey: the Homebuyer’s Report (which costs around £500) and the more comprehensive Building Survey (Structural Survey) which could cost anything up to £1,000, depending on the value of the house. A professional survey can be arranged for you through us, please contact us for more info.
You will also need to instruct a solicitor to deal with all legal aspects of buying the property you want. We promote a range of different and very competitive conveyancing options – please ask us to find out more.
This is a government tax, charged for purchase of properties above £125,000. If your new home is priced between £125,000 and £250,000, you will need to pay 1% of the final agreed price. If its between £250,000 and £500,000, the tax is 3%; and over £500,000 its 4%. So, for example, if you are paying £200,000 for your home you will be expected to pay £2,000 in stamp duty – i.e. 1%.
The Land Registry is the government department that manages the register of all properties in England and Wales. It charges a fee – typically £40 or so, but is dependent on the property price – for transferring the register to the new owner.
Local searches will be carried out by your solicitor/conveyancer to ensure there are no potential problems such as planning permission on neighbouring properties or plans for new roads nearby. The fee can vary depending on which local authority your new home is located in, but you should budget around £150 to cover this charge.
These include an index map, commons, the coal authority, land charge, company searches, bank transfer fees. Allow about £70 to cover an average house purchase.
If you’re selling your property as well as buying one, the sum charged by your estate agent has to be taken into account. Usually this is charged as a percentage of the property price. Please call contact us online to learn more about or fees and related services.
Its always good to have a good brainstorm about what exactly you will be looking for in your new home. Afterall, you can’t ask for a refund if you decide you don’t like it after four weeks! You may well have to make some compromises in the house you buy so decide now what your “MUST HAVES” and “NICE TO HAVES” are. For instance: is an ensuite bathroom a MUST HAVE or a NICE TO HAVE? Remember: Consult your husband/wife/partner and children – so that you are all clear and agreed on what’s really important to you.
Viewings properties on our books
Viewings can be conducted from 9am – 7pm Monday to Friday and 10am – 5pm on Saturdays. You can book a viewing by phone Monday to Friday 9.00 am – 6.00 pm, Saturday 9.00 am – 5.00 pm, Sunday by appointment. You can also book a viewing on-line through the ‘Book a Viewing’ link presented against each property you find on our property search engine
We usually conduct all property viewings as the Vendor may not always be present. Sometimes, a vendor gives us specific times for viewings, although we do ask them to be as flexible as possible.
After the viewing we will answer any immediate questions and usually contact you the next day for your thoughts and general feedback.
Please be on time for viewings. We will arrange to meet you at the property, or if it is more convenient, at our offices from where we can take you by car. Sometimes we can collect you from your home or your place of work, depending on where these may be.
Property Search Service
We also offer a property search service to serious but busy buyers, who have limited time to spend in looking for a home. If this is you, this service could save you a ton in time and money. Contact Us for more information.
Let’s hope we’ve found it for you.
As soon as you’ve found a suitable property, we’ll put your offer to the seller, verbally and in writing. We always aim to communicate your offer on the same day. The offer will be subject to a contract being signed and there are no legal obligations on either side until this is done.
Sometimes there may be a process of price negotiation and by working with us, both vendor and buyer can benefit from the expertise of our consultants, who will work hard to facilitate an agreeable outcome that delivers the best result for all.
You will need to appoint a solicitor/conveyancer to examine the contract, and raise any queries based on the title deeds and related property matters. To help secure a legal professional, we offer a range of different and very competitive conveyancing options that you can choose from. Please contact us to find out more.
When your Solicitor has replies to their enquiries, a completed satisfactory local search, a copy of a mortgage offer, a signed contract and a deposit cheque, they can then proceed to Exchange of Contracts. A deposit cheque is normally required for 5-10% of the purchase value of the property.
We recommend that by this stage you confirm arrangements for moving day – i.e., a removals service. With us, we can put you in touch with one of our reputable removals’ firms. Contact Us to learn more about this removals service.
Contract completion can be on the date of exchange or can be anything up to 28 days later, depending on your requirements. On Completion your solicitor hands over the remainder of the purchase money to the vendor’s solicitor and you can then move into your new home. Keys will be handed over to you by us, along with a “welcome pack” that includes various items of information that we expect will be of help to you – including final meter readings for electricity/gas, location of water stopcocks, meters, and so forth.