Welcome to your monthly property update!

Welcome to your monthly property update!




Parish Way, Takeley, CM22 6FG

The property offers internally a spacious hallway, living room, WC, dining room study...

£675,000

Click here to read Parish Way, Takeley, CM22 6FG.



The Street, Takeley, CM22 6QS

A fantastic opportunity to purchase this spacious family home, situated on a large plot backing...

£825,000

Click here to read The Street, Takeley, CM22 6QS.



School Lane,Takeley, CM22 6YL

The property, built in 2020, comes with a large open plan living with access onto a high specification...

£450,000

Click here to read School Lane,Takeley, CM22 6YL.



Dunmow Road, Takeley, CM22

Beautifully designed, this stylish home is perfect for family living and entertaining friends...
 
£1,125,000

Click here to read Dunmow Road, Takeley, CM22.



Newman Road, Dunmow, CM6

Situated on a cul de sac location is this executive detached three-storey family home...
 
 £789,999

Click here to read Newman Road, Dunmow, CM6.



Would you like to know how to increase your buying power?

 

Improving your buying power has never been more important. With the increase in the cost-of-living, fluctuating interest rates, and high inflation, you need to pay attention to the details that can counteract these current challenges. A new home could be more affordable than you realise. With that in mind, here are a few things you can do that may put you in a much better position to buy the home you desire.

Pay your bills on time
Reduce any debts, from credit cards to monthly insurance payments to car loans, if you can. Late payments can reduce your credit score, so ensure you don’t miss any payments.

Build up your credit
 It’s important to use your credit card or have some borrowing history because this shows your potential mortgage provider that you have the ability to pay back debts.

Access your credit report
Keep an eye on your report, checking details such as your address history, payment history, settled accounts, and whether you are on the electoral register. Any errors should be corrected immediately, as they could affect your ability to borrow.

Reduce your debt-to-income ratio
Lenders closely examine your monthly outgoings in comparison to your earnings. So, if possible, pay off any existing debts and do not take out any more new loans. It’s equally important to be disciplined and monitor your spending.

Get in touch with a good mortgage advisor
Good estate agents will put you in touch with a good mortgage advisor. There are many options when it comes to mortgages today that help counteract the effects of high interest rates.

Porting your mortgage
This means if you are an existing homeowner, you could move home without needing a new mortgage. If you are currently paying a more favourable interest rate, then this could save you significantly in costs.

Longer mortgage terms
Lenders are now offering much longer-term mortgages, which means you will pay more interest overall, and also it will reduce your monthly payments.

Interest only
Instead of paying a capital and interest mortgage, you could opt to buy the home you want with an interest-only mortgage, which costs far less per month. Then, in a few years, if you decide to remortgage, you could change your mortgage product.

Increase the size of your deposit
It’s a bit cheeky, but there is always the bank of mum and dad to help increase the size of your deposit. This reduces the amount you need to borrow, but it’s also often one of the biggest hurdles to getting your first or even second home. Create a savings plan and stick to it. You can save money by being savvy with food shopping and socialising at home.

Earn more money
It may be worth considering taking on a second job or negotiating a pay raise. The more you earn, the better. It’s important to be realistic; don’t overdo it. Your earnings have to be sustainable, and your well-being comes first.

Be resilient and resourceful
Don’t give up. Keep searching for the home you want. There is plenty of room for negotiation right now. Sometimes you have to be patient. Your agent will have a deep understanding of your local property market and can put you in touch with a good mortgage advisor.. Sometimes they will be aware of properties about to arrive on the market before they are advertised.

Talk to your agent
Your agent will have a deep understanding of your local property market, be able to put you in touch with a good mortgage advisor, give you the right valuation for your home, and help you find the home of your dreams in the right location by making good use of the equity in your property.

Contact us today for all your home moving needs.



Five key issues with online-only estate agents 

 

Today, estate agents offer the best of both worlds with an online presence. This allows you to view properties and seek information on all aspects of moving. You then get the advantage of a team of experienced and dedicated agents who share your property dreams, become your go-to guides for your moving journey, and will value your home in person. Online-only estate agents have made their presence felt, but it seems most home movers still prefer a traditional agent that offers a hybrid service.

Payment in advance
Online estate agencies ask for payment in advance. There is no guarantee that you will make a successful sale. Traditional agents typically take a commission on sales completion, and naturally, this feels like a better deal. Some might argue that an online estate agent could be potentially cheaper, but if you do not achieve the true value of your property, then you have not saved money. Without expert guidance, an incorrectly priced home may not sell at all.

Less time
Conducting your own viewings is time-consuming. We all live busy lives, and there is precious little time to wait around for a potential buyer. Dealing with offers well below the asking price from strangers in the home where you've made so many happy memories can be uncomfortable . With a trained expert taking care of all of this for you, you are free to get on with your work or enjoy life as you see fit.

It’s hard work
From taking your own pictures of your property to learning aspects of the complexities of your entire moving process, life without an in-person agent can become difficult. It’s no secret that moving is stressful at the best of times. This is one of many reasons why the vast majority of homeowners still choose to buy their properties with a traditional agent. It’s better to save your energy for moving day and fully focus on the home you want to buy.

You may miss your friendly expert
Communication is key to achieving success in most aspects of life, and moving home is no exception. A friendly-faced, helpful agent who can take care of viewings, prepare your home for sale, and liaise with buyers on a daily basis will be highly motivated to sell your home and is worth every penny of their commission. When you consider the necessary checks, paperwork, and legislative requirements, it soon becomes clear that agents are invaluable to home movers.

A lack of local market knowledge
Agents are well-connected into your local property market. Having expert knowledge of the properties in your area and familiarity with its location is a huge plus. With an online agent, you're on your own. Buying a home is as much about people as it is about property. From buyers and sellers to teams of people such as mortgage advisers to your friendly agent who can manage a property portfolio or value your home.

Contact us to see how we can help with every aspect of your home-moving aspirations

 
 



Top tips on redecorating your rental property between tenancies

 

The demand for rental homes is incredibly strong, with national average asking rents outside of London reaching a new record of £1,231 per calendar month in the second quarter of 2023.* More people are renting than ever before, so your property won’t stay vacant for long when you are in between tenants. In fact, if you use a letting agent, they likely have a list of prospective tenants ready to move in. This means that if your property is in need of redecorating, you don’t have much time.

Inspect your property
Before your tenants move out, inspect your property. Document any pressing issues with notes or photographs using your phone. Planning is crucial and will save you time. Therefore, it's always advisable to have your team prepared well in advance of your tenant's move-out date. This proactive approach ensures you won't be delayed while waiting for highly sought-after tradespeople.

Choose a neutral colour palette
Opting for a neutral colour palette doesn't have to be dull. Neutral colours tend to create a sense of light and space, making it easier for your tenants to coordinate their furniture with your property. If your property is furnished, adopting the same neutral approach is advisable, as it broadens your property's appeal.

Be practical
It might be tempting to cut costs by using budget-friendly products, selecting high-quality paint and materials ensures the longevity of your hard work. Fixtures and fittings that are of good quality will make your property more appealing and increase its desirability. This helps to attract responsible tenants who are more likely to care for their home.

Functionality
Put yourself in your tenant's shoes. Consider how you can make the property more user-friendly whether it's improving storage, enhancing the kitchen or bathroom, or adding modern, energy-efficient appliances and lighting. Sometimes, small changes can make a significant impact.

Less is more
Create space with ample lighting, bright neutral colours, and minimal clutter. A good deep cleaning and fresh paint can make your property appear spacious and modern. This allows your tenants to personalise each room. Well-presented flooring, perhaps refreshed to remove imperfections, and attractive blinds all contribute to making your property a more inviting home.

Improvements
Time is of the essence, but if you choose to make improvements, they will add to the value of your property. Focus on key areas like the kitchen and bathroom, as these have the most significant impact. Whether you decide on a total refit or simply choose to paint the tiles to give them a new lease on life, it all contributes to a happy home and more content tenants.

Don’t overlook the outdoors
Outdoor areas have become increasingly important for many people. Elevating an outdoor space can significantly boost your property's demand. Painting the decking or adding a covered, all-year weather-proof seating area is like adding another room to the house. Keep the garden simple but well-maintained to make a positive first impression and enhance the property's curb appeal.

Consider a managed letting service
A fully managed letting service handles tenant placement, deposit management, references, and, after your property's redecoration, ongoing maintenance. This helps to protect your hard work and investment in both the long and short term. Being a landlord today is demanding, and it’s becoming increasingly important to follow new legislation. A managed service frees up your time and ensures your property investment remains on track.

Interested in optimising your property investment with a managed letting service? Contact us today.

Rightmove*
 
 
 
 



Halloween Pumpkin Patchuntil Sunday 29 October 2023

Join us this Halloween for our most spooktacular Pumpkin Patch & Halloween Experience so far!

Click here to read Halloween Pumpkin Patchuntil Sunday 29 October 2023.



What are tenants looking for?



 

As a landlord, you have an awesome future ahead of you, with the demand for rented accommodation growing ever stronger. But that’s no reason to rest on your laurels. The buy-to-let market is changing, and with that come new opportunities and threats. Using a letting agent to handle the entire process is a shrewd move. They will keep you on the right side of the law and help sustain your rental income while giving you more time to enjoy life. As a landlord, you will want to know how to keep your tenants happy and optimise your investment, so here are a few features many tenants are highly interested in.

Energy efficiency
Many renters have become increasingly cost-conscious, so good energy efficiency is a high priority. Modern, clean living that is kind to the environment and has cheaper energy bills with added character is a win for all concerned. Energy-efficient homes are in high demand and can often achieve a higher rental income than less energy-efficient homes. Little things like LED light bulbs and energy-efficient appliances all add to this.

A well-presented home
Good double or triple-glazed windows trap heat while stopping it from escaping. But they also look good and help to create a nice greeting upon entering the property. If a home looks good, it will feel good, and if it’s in good order, it will attract good tenants. A nicely decorated home that is not in need of repainting or regrouting is often better cared for by its tenant, so it’s in your interest to keep your property in good shape.

A good garden
Good gardens are in high demand, and gardens with good outdoor living spaces are becoming expected. Even if you are letting a smaller property with little scope for a garden, adding a nice outdoor area will increase its desirability. This means more revenue for you and an increased level of demand. This will also encourage a good landlord-tenant relationship, allowing you to benefit from the stability that comes with that.

Your property’s location
Different tenants will have different needs, and your property’s location will have many positive points about it. Whether that’s being within walking distance of a great pub, social scene, shops, or if you have a young family, a good school. Excellent transport links also play a big role. The proximity of your property to the motorway, train station, or airport is important. Whether located near the city centre or in an idyllic country setting, your property’s location is a feature of what makes it great.

Make the most of your property
Adding smart technology to the heating system or security system will make your tenants feel secure. Perhaps a well-maintained parking space makes your property a great place to live. Many tenants also appreciate good storage space, and an open-plan design can often help create space. And where you can’t do this, add some mirrors and good lighting to increase the feeling of space.

Support with convenience
A managed property service makes the entire process of renting, for landlords and tenants, a breeze. Tenants can enjoy a swift and seamless move with everything from references to deposits taken care of. Landlords have their property maintained while being connected to experts who will ensure your property is always compliant with good, reliable tenants in place.

Get in touch today for an expert rental valuation of your property.

 



Why do so many people still choose to buy their homes?



Even with mortgage rates being a bit higher than in recent years, though not as high as years further in the past, buying your own home can often be cheaper than renting. But there are many reasons why homeownership is incredibly desirable.

A magical homely feeling
Owning your own home is a unique feeling that can’t be substituted by anything else. It starts when you get the keys and the first time you walk through the front door, and it remains with you every time you come home. It is a feeling that creates a flow of powerful emotions, such as safety, security, relaxation, happiness, and elation.

The desire for a great garden
There are many great homes to rent in the UK, and many landlords are happy for you to take care of the garden while others will maintain the grounds for you. However, if you are a passionate gardener or one of an increasing number who adores outdoor living areas, they are easier to create when you own your own home. Truly reaching your home’s potential takes a lot of investment in time and money. You want to be as free as possible to create your perfect outdoor haven without answering to anybody else.

Something to leave your loved ones
Working hard is a way of life for most people, and even if you are not married with a young family to care for, it’s nice to have something to show for all your hard work. You stand to gain from the equity you accumulate over time, even if the idea of leaving your home to loved ones or the charity of your choice does not motivate you. So, when it’s time to retire, start a business, travel the world, or invest in other properties, you accumulate the means to do so without even thinking about it.

Security
It is a reassuring feeling to know that you are in control of your destiny. You decide where you want to move, sell up, or buy a better property. And if you do have a family to care for, you are providing a place that they can call home for as long as they need it. Moving in the middle of a school year can be difficult for younger family members if your landlord decides to retire.

Monthly outgoings
Despite the recent fluctuations in interest rates, they have remained more stable in comparison to soaring rents. And with fixed-interest-rate mortgage deals for up to five years, you can plan your financial future more easily. This allows you to calculate your household budget for everything more easily, from food shopping and holidays to your savings.

Complete creative control 
Whether you want to rebuild motorbikes in your front living room, knock all the walls down to create an open-plan grand design, or add a conservatory, you can do so without seeking permission. The chances are that you will never want to do any of these things, but there is something fulfilling about knowing that you can, if you decide to do so.

Ascending the property ladder
There is typically more scope to ascend the property ladder if you own your own home. Your first home may need modernisation. This can rapidly add to your property’s value if you carry out the work yourself. Even if you don't, as long as you do not overspend, you will be in a good position to sell up and buy a better home.

Are you in the market for a better property? Contact us today.



The art of negotiation: Is it time to talk to your agent?


There is an art to everything in life, and when most people rehearse something in their heads, it usually goes perfectly. Put this in the cold, hard light of day, and things can go quite differently. When it’s time to make or accept an offer, the help of a trained expert is invaluable.

Your agent has a database of buyers and sellers
Your agent does so much more than list your property on their website and a few property portals, with maybe a picture of your home in the branch window. Armed with a database of buyers and sellers and a list of contacts longer than your arms, it means that agents complimented with their ability to market your home are best placed to meet your new buyer. And because of this, they are the best people to advise you on your asking price in the first place.

Making an offer
When it’s time to make an offer, you will most likely be wearing your negotiating hat. The market today is in a good place, helped by the huge demand for homes. It’s easy to make an offer under the asking price and miss out on the home you love. But you also do not want to pay over the odds. Estate agents are well-versed in this and will guide you. It’s worth remembering that estate agents are legally required to tell you about other offers, but not each offer amount.

Accepting an offer
It’s not unusual to receive multiple offers on your property, and this is where the experience of a good agent earns their money. Not to mention that you have found yourself in this good position thanks to the agent in the first place. Your agent will guide you along the right path, prepare your home for sale, give you tips on optimising its value, and market it to the right buyers. Then you can decide whether you want to accept an offer or not.

Market knowledge
Your agent will have years of experience in marketing and selling homes in your area. The plus points of the area and of your home are all great selling points. And equally, an agent will have a thorough eye on where you may be able to negotiate. For example, if there is a patch of dampness or something that needs updating

Are you emotionally attached?
Your estate agent will advise you on all aspects of your move. This makes you feel secure and safe before you move. And the more you feel this way instead of stressed, confused, or bemused, the better your entire moving experience will be. Whether you need help finding a better mortgage deal or are unsure of any of the steps involved, from valuing your home to finding the right buyer or your next home, it’s good to have the assistance of an agent. They also remove any need for awkward moments when a buyer makes an insulting offer to your face.

Valuing your home correctly
Getting the correct valuation for your home is vital in today’s market. Get this first step right, and you are already halfway to where you want to be. It’s very easy to overprice or underprice a property. Equally, without conducting a thorough expert valuation, your home may not reach its full value potential. A good agent will not allow your home to hide its true value from you or your buyer.

Get in touch today to make your move happen!
 



Bottomless Bubbles | ABBA - at CASASaturday March 2nd 2024 at 03:30 pm

New and improved Bottomless Bubbles event!

Click here to read Bottomless Bubbles | ABBA - at CASASaturday March 2nd 2024 at 03:30 pm.



Funky Dory Mini Fest – Saturday 17th August, 2024

Revel in 9 hours of soul classics, boogie, disco & soulful house sounds with our stellar DJ line up & live performances. 

Click here to read Funky Dory Mini Fest – Saturday 17th August, 2024.



Panfield Lane, Braintree

We are pleased to bring to the market a large two bedroom apartment situated on the first floor of a purpose built and well maintained apartment block.

£220,000


Click here to read Panfield Lane, Braintree.



Braintree, Essex

A charming 3-bedroom semi-detached property in a sought-after area, perfect for families with convenient amenities and local schools nearby...

£325,000


Click here to read Braintree, Essex.



Clacton-on-Sea, Essex

Fantastic first time buy or buy to let with a potential rent of £800 PCM. The property lies within close proximity of local shops and comes with allocated parking.

£160,000

Click here to read Clacton-on-Sea, Essex.



Braintree, Essex

This tastefully decorated terraced property offers a spacious reception room, well-appointed kitchen, and two bedrooms, making it an ideal home for couples looking...

£300,000

Click here to read Braintree, Essex.



Could a managed letting service save you money?

 

As a landlord, you have a lot to think about, and whether you are highly experienced or just starting out, there is always something new to learn. As a savvy investor in property, you understand the importance of keeping costs down. Managing one or more properties can be a full-time job, and with so many potential pitfalls looming, a managed letting service could save you time and money.

Less time-consuming  

Paying a monthly management fee for a fully managed service or even a one-off payment for a tenant-finding service may feel a bit counterintuitive. However, the saying time is money really rings true in the property industry. Arranging and conducting viewings, tenant referencing, property inspections, maintenance, and rent collection are not tasks you want to rush. Leaving this in the capable hands of a good letting agent frees up your time and reduces the opportunity cost for your other business or career interests and leisure time.  

Legal fees and fines  

It’s important to keep your property compliant and the reality of failing to do so could mean serious financial consequences. Worse still, if you put the health and lives of your tenants at risk, it could mean eye-watering fines or even imprisonment. Safety certificate breaches, illegal eviction, not protecting a tenant’s deposit, and failure to obtain the correct licenses and permits are just a few reasons why you could face penalties, and it’s worth noting that some of these fines have no ceiling. Letting agents could help you keep your property on the right side of the law, preventing these sorts of shortfalls from occurring.  

Achieve better rents  

Using a local-based lettings management service offers many advantages. One such plus is their local market knowledge. This is useful in getting to grips with and keeping on top of how much rent to charge. A good agent will also offer suggestions for improvements or tweaks that could increase the amount of rent you could charge. This is something you could use with a basic package if you choose a part-managed letting service, sometimes known as a tenant-find service.  

Property maintenance

A fully managed lettings service takes care of perhaps one of the most potentially awkward and time-consuming aspects of managing your property. Many offer a 24/7 emergency maintenance service, which is a big draw for tenants. Preventing small issues from becoming large, expensive refurbishments, could save you thousands. It’s also important to address the niggling things that keep tenants happy, so you do not have void periods—an empty property does not pay the rent. Carrying out essential work with the right contractors who have a better understanding of rental properties, is often another benefit of using a managed letting service’s maintenance team.  

Choose the right level for you  

A fully managed service could take care of everything from viewing to notice proceedings, including a final inspection and handling the return of your deposit, as well as everything in between, such as property maintenance. That said, you may opt for a more rudimentary level of service, such as a tenant-finding service. You could also add to this with a rent collection service, which means property maintenance would be down to you. It's always worth talking to your local agent to see if they can tailor a package that suits you and your budget.

 

Contact us today to explore our range of managed letting services



Joint mortgages: Everything you need to know

 

Whether you’re considering buying a home with a partner, friends, or even family members, joint mortgages are there to make the process that bit easier. 

In this article we discuss the ins and outs of a joint mortgage and why splitting the costs and commitments of a property can be a beneficial decision.

 

What is a joint mortgage? 

 

A joint mortgage is a mortgage that allows you to buy a property with up to three people, it’s commonly used by two borrowers in a relationship. A joint mortgage allows you to combine your money and increase your overall deposit, as well as split the cost of monthly mortgage repayments, creating ease throughout the duration of your mortgage. 

A joint mortgage allows all parties involved to be held responsible, not just a sole person. Anyone is eligible for a joint mortgage, first-time buyer or not, but this could lead to you paying stamp duty if you purchase a property with a non-first-time buyer. 

 

What are the benefits of having a joint mortgage? 

When purchasing a home, a joint mortgage can bring several benefits, including the ability to borrow more money from the lender as your average household income increases. 

By having multiple people involved in a mortgage, it allows you to display a more responsible and trustworthy persona to the lender for repayments, as there are two or more of you having to meet the requirements of the mortgage. 

By having multiple people involved, it may allow you to place a larger deposit down, decreasing the cost of your monthly repayments and increasing your overall equity in the property. 

 

How does a joint mortgage work? 

A joint mortgage has the same principle as any regular mortgage: paying a deposit and meeting monthly repayments, but the lender will see your deposit and household income as one, not individually.  

When applying for a joint mortgage, you will have to decide with your co-owner(s) how you will split the equity of the property. 

 

A joint tenants mortgage means that all the borrowers will have equal rights over the property, and if you were to sell it, you would split the profits equally. Most joint mortgages act as one owner, with an equal split of the property and equal rights. 

When friends buy a property together, they typically opt for a tenants in common mortgage. This mortgage is where each person owns a different amount of shares in the property, which can be split however they wish. This will be in the deed of trust detailing each person’s ownership percentage. 

When choosing which type of joint mortgage you are going to opt for, it is important to understand which type suits your situation. 

 

Leaving your joint mortgage 

The main reason for wanting to exit a joint mortgage is usually because the relationship between yourself and your partner or co-owner(s) has broken down, and sometimes it can be hard to identify who is left accountable for the mortgage. 

 

Who’s responsible? 

You and the other borrower(s) continue to stay responsible for each monthly repayment until your name is not on the mortgage. Even if one of you decides to move out, you are both still liable for the mortgage and financially linked together. 

 

How can you leave a joint mortgage? 

 

Sell the property  

The easiest way to walk away from a joint mortgage is by selling the property. This allows you to split the profits from the property and restart your mortgage journey. This method is cost-effective and simple, all while being achieved in a shorter timeframe. 

Buy your partner out 

Buying your partner out of the joint mortgage is another method, but a slightly more complicated route. This means that the entire equity of the home will be transferred over to the remaining borrower(s), but it also means you must meet new requirements, which can sometimes be harder to meet as the overall household income decreases, which could also lead to the lender pulling out. 

Add a new name to the mortgage 

Another way to maintain the joint mortgage could be by adding a new name. This encourages the lender to allow you to keep your mortgage and property, as multiple incomes are more convincing. There is a fee to change a name on a mortgage, as you have to pay a solicitor to cover the costs of the legal work and pay potential lender and registration fees, so changing the name on a mortgage could set you back. 

 

Contact us today for more information on how you can start your joint property journey



Factors that affect your buying timeframe

 

When purchasing a property, there are many stages throughout the buying timeframe you need to face before you can finally call the property yours. During these stages, there are multiple factors that can get in the way and extend the process unnecessarily.

In this article, we discuss the different stages you go through after your offer is accepted and how you could potentially speed up the process of purchasing your dream home.

 

Stage 1 – Your offer is accepted

 

Finally, you found the home of your dreams, and your offer is accepted, but that doesn’t mean the property is yours just yet, as nobody is contractually obliged.

The 2 G’s

The buyer and seller are not legally bound until the signed contracts are exchanged, so there’s always the chance you could be gazumped or gazanged. Have you heard of these terms?

Gazumping is when another buyer offers more money to the seller even after your offer has been accepted, reversing your deal. To avoid the possibility of this happening, it’s common to ask the seller to take the property listing off the market.

Gazanging is where the seller decides to cancel the sale and not sell the property. A shift in the market could trigger this, potentially increasing the value of their property in the future.

Both are decisions made by the seller, making it hard for you to avoid them. Either of these decisions could result in a financial loss. This is why speeding up the buying timeframe is extremely important, as you are vulnerable until the exchange of contracts.

 

Stage 2 – Apply for mortgages

 

When purchasing a property, you are most likely going to need a mortgage to make this happen. Mortgage offers normally only stay valid for 30 to 90 days, depending on the lender. Ensure you complete thorough research when applying for mortgages, and don’t just accept the first offer.

By completing thorough research ahead of time, you can shorten the timeframe of your property purchase, as it can take as long as a couple weeks to over a month for a mortgage offer and approval.

 

Stage 3 – Discover a Conveyancing firm

 

Conveyancing is the legal process of transferring property from one person to another. Conveyancers are lawyers who specialise in property and complete all the legalities of exchanging property. It’s important to choose the right conveyancing firm that is reliable and offers clear communication. By choosing your conveyancing solicitor firm ahead of time, you can speed up the process.

 

Stage 4 – Property searches and surveys

 

While your mortgage application waits for approval, your conveyancing solicitor can begin to complete the necessary searches that are advised.

  • Local authority searches
  • Drainage searches
  • Environmental searches

These searches come at a cost but are sometimes required by the mortgage lender.

When purchasing a property, it is highly recommended to get a property survey completed. This will highlight any hidden issues that may not be spotted with the naked eye. By having a property survey completed, this allows you to negotiate price reductions or repairs before the final transaction goes through. 

The lender will complete their own mortgage valuation of the property to see if they are prepared to lend you the mortgage. The lender completes this process because the bank would repossess the property if the mortgage repayments weren’t met.

 

Stage 5 – Mortgage offer

 

Your mortgage offer is accepted! Now it’s time to check your offer thoroughly and ensure that everything is accurate. A mistake as small as a misspelt name could cause delays and expenses, extending your wait.

Transferring your deposit

You’re almost ready to exchange contracts, which means transferring your deposit to your solicitor. Most banks don’t allow large sums of money to be moved in a short span of time, so you may need to contact your bank to organise this.

Signing your contract

At this stage, you will now sign the contract and commit to buying the seller’s property. The transaction still isn’t fully completed yet though!

 

Stage 6 - Exchange contracts

 

Finally, your solicitor and seller’s solicitor will swap signed contracts, and this is known as the ‘exchange in contracts’. Once completed, it’s time to celebrate! This exchange is legally binding between you and the seller, and now neither of you can retract it.

Your solicitor will deliver paperwork with a clear breakdown of the contract and any remaining costs of the property transaction.

Signing the transfer deed

The transfer deed is a contract that confirms you are taking ownership of the property; it needs to be witnessed and sent to the seller’s solicitor.

Paying for the property

The solicitor will arrange the payment to the lender, and this will kickstart the mortgage. You will receive proof that the seller’s mortgage has been cleared from the property, and you will begin yours.

 

Stage 7 – Move into your new home

 

It’s time to collect the keys and move into your new home! You can now start paying off your mortgage and begin your journey on the property ladder.

 

Contact us for more information on how you can speed up your property purchase



The advantages of getting ‘move-ready’ during the summer

 

With the spring market seeing an 18%* increase in mortgage approvals, as home buyers got busy moving, you can't be blamed for being tempted to move. Getting ready to move, or ‘move-ready’ to coin a phrase, during the summer months will stand you in good stead for the cooler months on the horizon. This could make your move easier when you decide the time is right. So, with that in mind, here are a few things you can do.

Don’t mistake 'move-in ready’ for ‘move-ready’  

‘Move-in ready’ means a home is ready for immediate occupancy and involves a significant level of legal work, which may help to speed up a sale. Whereas being 'move-ready’, in this context, is simply doing what you can, so that you and your home are more prepared for moving, even if you are not planning on moving right now. 

Sort your home’s outdoor areas out  

There are a lot of advantages to moving in the summer with good weather, longer days, and the possible help of your children while they are off school. But if moving in the summer is not on the cards, taking advantage of the good weather, to make your garden and home’s kerb appeal more beautiful, will make your home more appealing to buyers. Having a sort out of the shed and a trip to the tip will de-clutter it, saving you a job in later months, when it’s time to move. 

Odd jobs inside the house

Summer is a good time to dedicate a few days to addressing any issues around the house that need your attention. From painting and decorating to simple mends. From emptying your attic space, to clearing out your closets. Whether you add a few days to your holidays or have a bank holiday DIY weekend or afternoon, doing it during the summer months will require so much less effort than it would during the colder months. Then, when the season of change sets in, you can change homes with relative ease. 

Check your paperwork 

Whether you are thinking of moving now or in the future, it’s always better to have your paperwork in good order. Perhaps you check your credit rating regularly and have all your important paperwork stored safely. But, if there is something missing, it could delay your sale significantly when it’s time to move. Things such as gas certificates, an updated EPC rating, or certificates for any structural modifications that have been carried out, show that the work is compliant with building regulations. 

Watch the property market closely

Apart from making life easier, you can take advantage of the market more easily if you are ready to move. It’s always a good idea to keep an eye on the property market. Perhaps you like exploring homes for sale online and are well-versed in tracking the progress of a home’s sale. Talking to your local agent will also give you extra insights into the markets and areas you are most interested in. The contemporary UK property market is made up of layers of localised markets, from street to street and from region to region, that can differ and are almost as unique as the various homes that reside within them. So, if you are prepared, you may be rewarded by finding your perfect property.  

 

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