We aim to attend all viewings and offer transport to help you become more acquainted with the area and answer any questions you have.
There are several factors to consider when deciding when to arrange a mortgage, including your financial situation, your credit score, and the current real estate market. It is generally a good idea to arrange a mortgage as soon as you are ready to buy a home, as this will allow you to secure a loan and lock in a good interest rate.
Most mortgage lenders can provide a mortgage in principle, which lets you know how much you can borrow. Although, an MIP does not count as a mortgage, and you will have to pass the credit and lending checks to secure it officially.
To make an offer you must confirm your current situation (whether you are a first time buyer of selling), as well as the details of the related sale. You must show MIP and proof of deposit when applicable.
We are members of the Property Ombudsman, a professional regulator service.
As a sign of goodwill, a property is usually taken off the market once an offer has been accepted, with an agreed time frame. You will be notified immediately if the vendor chooses to keep the property on the market.
Sealed bids are used when there are multiple offers on the table. Each party provides a sealed written bid with their best price, and the offers are discussed by the vendor and our team. Usually, the offer with the best price and timeframe will be selected.
Typically between 4-12 weeks. We will try to match your time frame with your prospective seller when the sale is agreed upon. However, instructing your solicitor and mortgage provider straight away will help speed up the process.
An exchange of the contracts makes the deal legally binding. In comparison, the completion date is the agreed date of when you physically take ownership of the property.
Share of freehold is when a freeholder divides up their responsibility, and the leaseholders become directors of the leasehold company. Leasehold is a method of owning a property for a fixed term but not the land on which it stands. Possession of the property will be subject to the payment of annual ground rent. When the lease expires, ownership of the property reverts back to the freeholder.
If a lease is less than 80 years unexpired when you seek to extend it, then as part of the price, you have to pay what is known as a marriage value to the freeholder. The law is that you cannot compel a lease extension until you have owned the property for two years, but that doesn’t stop the freeholder from agreeing to give you one. A solicitor must handle all the legal documentation for extending the lease. A valuer or chartered surveyor is then required to put a value on the lease extension; a fixed fee is normally charged to prepare this report.