Buying with Home Property Sales
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A Complete Guide to Buying a Property
We are a family run Estate Agent who has been operating since March 2021. We work hard to create and maintain a personalised service and relationship with our customers and pride ourselves on being more than an Agent. We understand that buying and selling a home isn’t just a business transaction, it’s a whole new beginning.
That’s why we offer a personalised touch to make the process as easy and hassle free as possible. We invest our time, energy and passion into selling your home.
Look at your finances
Before making an offer on a property, it is important to understand your finances and what you can afford.
- Seek advice from our local Mortgage Advisor and apply for a Mortgage – We work closely with several Mortgage Advisors and can put you in contact with a Mortgage Advisor who has access to a wide range of mortgages on the market. They can discuss your finances in further depth with you and guide you through the process to find the right mortgage for you.
- Review your deposit and affordability – You will usually need to save at least 5% deposit. A larger deposit will normally allow you to apply for a mortgage with lower interest rates. Our Mortgage Advisor will also look at how much you can borrow. This depends on a variety of things. Generally, banks allow a maximum of four-and-a-half times your annual salary.
- First time buyer ISA – If you’re a First Time Buyer look at saving into a lifetime ISA which is a tax free savings or investment account designed to help those aged between 18-39 and allows you up to 25% bonus from the Government each year.
Budget for additional costs
Remember to budget the additional costs of buying a property including the following:
- Conveyancer/Solicitors fees – these can vary but are approximately £1000 plus VAT and disbursements for buying.
- House Survey – a valuation survey will be undertaken by your Mortgage company but you may wish to have an independent home buyers survey, which can vary in cost but is an average of £456.
- Stamp Duty Land Tax – this applies for properties over £250,000 where you would pay 5% for the portion over £250,000; 10% for properties over £925,000 and 12% for properties over £1.5 million. You can complete the Stamp Duty Online Calculator to calculate the amount of tax you would pay for a property.
- Removal costs – this will vary and is optional but something to consider when moving house.
Research your chosen area
Ask us about the local area for the property that you are viewing, look at schools, local transport, crime levels, and the various aspects of the area and location that are important to you. If we don’t know the answer to your question we will find out for you.
If you have viewed a property with us, we will have already registered your details. If the property is not for you, talk to us and provide us with information of your criteria, budget and location so we can help you find the right property and keep you informed of future properties that come to market.
Follow us for early property updates
Ask questions and arrange a second viewing
Ask questions about the property and if we don’t know the answer we will find out for you. If you are interested in the property and wish to see it again we can arrange a second viewing for you.
The Process of Submitting an Offer
Once you have found a property that is right for you and you wish to submit an offer, you can do this with us via telephone 0116 2214139, email [email protected].
You can also visit us in person at 23 Meadvale Road, Knighton, Leicester, LE2 3WN or, 41 high street, Kibworth, Leicestershire, LE8 0HS
You will need to confirm your offer amount and confirmation of your position, for example first time buyer purchasing with a mortgage. The offer will then be added to our system and discussed with the homeowner. There may be some negotiations regarding the offer and we will discuss this further with you.
Qualifying your offer
In order for your offer to be qualified and accepted you will be asked to provide documentary evidence by email as follows:
- Photo identification for all buyers
- Proof of residency for buyers, such as a bill with your current address
- Contact telephone numbers and email addresses
- Proof of deposit
- Proof of Mortgage
- Mortgage Advisor details, if available
- Conveyancer/Solicitor details, if available
Buying FAQs
Once your offer has been accepted, you will need to instruct a Solicitor/Conveyancer to begin the legal process. We can refer you to our local recommended Solicitor who we work with on a weekly basis regarding the sale of properties. Alternatively, you can instruct your own Solicitor. You will need to provide us with their contact details.
Start your journey with us
We take the time to understand your goals and tailor our approach to suit your needs, combining local knowledge with a proactive, personal service.