Whether you are looking to get on the property ladder for the first time or find your next dream home, we believe buying a house should be an exciting time, not stressful. With over 20 years of property selling experience, we know what it takes to make the buying process as smooth and seamless as possible.
Our expansive property portfolio includes everything from plush apartments and studios to beautiful family homes. If you have any queries about our properties for sale or to organise a viewing, please get in touch.
Are you looking to buy a property in London? You’ve come to the right place. Our step-by-step guide provides you with the details you need to buy a home in London. London is a bustling metropolis that attracts residents from all over the world. Although the housing market is very competitive, London is a great place to invest if you have the resources.
If you find a property that interests you, you can choose to put an offer in. We will ask for proof of finance and an agreement in principle from your mortgage broker. This will help secure any offer that you make on a property.
The next step after an offer is accepted is to instruct a conveyancer to handle all the legal work, including raising enquiries from the draft contract, conduct local searches, refer to the information provided by the sellers, and agree to a date for the exchange of contracts. Next, you'll arrange a survey to confirm the value of the property and inspect any issues. Once the survey has been completed, you will receive a mortgage offer from the lender with the finer details of the loan. The next and final step is the exchange of contracts.
No. Nothing is legally binding until the exchange of contracts is complete.
In most cases, it is advisable to use a solicitor or licensed conveyancer when buying a property in the UK, including in London. A solicitor or conveyancer can provide legal advice and representation during the property purchase process, helping to ensure that the transaction is carried out smoothly and efficiently.
Using a solicitor or conveyancer can provide peace of mind and help to protect your interests during the property purchase process. It is important to choose a reputable and experienced professional to handle your property purchase.
The length of time it takes to complete a property purchase in the UK can vary depending on a number of factors, including the complexity of the transaction, the availability of all parties involved, and any issues that may arise during the process.
Again, the exact length of time it takes to complete a property purchase can vary widely depending on the specific circumstances of the transaction. It is important to work closely with your solicitor or conveyancer to ensure that the process goes as smoothly and efficiently as possible.
While a survey is not legally required, most mortgage lenders require a property survey to ensure that it’s worth the amount of money they’re providing in your loan.
At this stage, the contracts are signed by both the buyer and the seller. You will be required to pay a non-refundable deposit of generally 10%. Once the contracts are exchanged, the transaction is legally binding.
On the day of completion, the final amount of money will be transferred from your solicitor to the seller’s solicitor. This means that the completion has happened and the property is legally yours. You can then arrange to collect keys from Holland Properties’ office.
To buy a house in England, you’ll need:
It’s advisable to talk to a bank or a lending institution for a pre-mortgage approval before looking at homes. This will give you a good idea of what you can afford and the loan amount you can be approved for.
This is a highly personal decision that depends on many factors and circumstances. Whether you choose to buy or rent, there are pros and cons to both.
To find a rent-to-own property, you can start by searching online or contacting a real estate agent who specializes in rent-to-own properties. You may also want to consider working with a financial advisor or mortgage broker to help you understand the terms of a rent-to-own arrangement and determine if it is a good fit for your financial situation.
An estate agent is not required but highly recommended to help you with the often complex process of buying a home. Estate agents can help you find the right property and often have connections and knowledge about property that will be coming soon to the market.
The seller pays the buyer’s agent fees through commission, which is detailed in the contract.
If an offer has not been accepted, you can pull out of your purchase. However, if contracts have been exchanged and the conditions are satisfied, you are legally obliged to abide by the contract. There is no leeway to cancel a real estate purchase.
Generally, the seller or their agent will get back to you or your estate agent within 24-72 hours to let you know that your offer has been accepted.
No, contracts are signed online. We only need to carry out all AML (anti-money laundering). However, we always welcome our clients to visit our office.
The contract terms will detail the day you can move in after closing.
This depends on your lender’s conditions and your financial standing. Typically, you’ll need at least a 5% down payment paid after your offer has been accepted.
