Buying Property? These common FAQs may be helpful!
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What is the first thing I should do?
Calculate your budget – if you are requiring a mortgage seek independent mortage advice and if you are purchasing cash research all costs involved in the purchase.
What is the difference between freehold and leasehold?
How do I make an offer on a property?
What are the costs of buying a property?
Should I get a property survey?
Yes, we advise that you need a survey when buying a house. It identifies potential issues, such as structural problems, which could impact the property’s value and your decision to purchase. You might use the unbiased information from the survey to renegotiate the price too!
If you are buying a new build or a flat/house within the NHBC Insurance, you may not need a a property survey.
What is stamp duty, and how is it calculated?
HANDHOLD
Confused by technical jargon?
Trouble making and taking calls during working hours?
Don’t know which surveys and reports to book and when?
Need help understanding your survey report?
Need help with filling out numerous forms for your solicitor?
Confused by AML requirements?
Dealing with an uncooperative estate agent?
Having issues with others in the chain?
Feel like you don’t have any control over the process?
When am I completing and when can I pick up my keys?
Or, are you just feeling overwhelmed?
NEGOTIATE
How do I go about making an offer?
Has the property been on the market for a long time?
How do I stand out from the crowd in a busy market?
Is the property on for a fair market value?
How do I get my offer to the top of the pile?
Is there a short lease on your property?
Maintenance fees are too expensive?
What are sealed bids and best & final offers?
Has the agent asked for a deposit up front?
RE NEGOTIATE
Mortgage valuation less than the agreed price?
Survey raised defects with the property?
Missing building control documentation?
Am I buying the property at the right price?
Are there any restrictive covenants on the property?
Search information affecting the property value?
Are there last-minute changes whilst trying to agree a move date?