Buyers Guide

Collins Sarwar Estates have out lined the key steps involved with buying a property these are summarised below. If you need any further information or advice, please dont hesitate to contact us.

  1. Sell your existing property (if you have one)
  2. Work out what you can afford
  3. Get a "Mortgage in Principle"
  4. Register with us
  5. View properties
  6. Make an offer
  7. Exchange and complete contracts

Sell your existing property (if you have one)

If you have a property to sell please contact us at Collins Sarwar Estates to arrange a free accurate up to date valuation of your property.

If you see a house that catches your eye & you would like to make an offer, Estate Agents would need proof that you have funds before the offer is accepted and it may be the case that you need the funds from your current property. Also, many estate agents consider you a "non- proceedable" buyer - which means, you are a potential buyer but you can't actually proceed because you need to sell your own property first. So, if there is another buyer who is "proceedable" the sellers may see them as a more attractive purchaser as they would be able to procced faster.

We use the latest marketing strategies to enable your property to get maximum exposure on the market . Click here to arrange a free, no-obligation valuation of your home or contact us.

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Work out what you can afford

On top of the cost of the house itself, there are many other one-off expenses involved in buying a home and moving.

These costs include:

  • Mortgage Arrangement Fees - A fee charged by lenders to cover the cost of setting up the mortgage. Some lenders waive this fee. Our partners, a firm of professional, independent financial advisors, would be pleased to provide you with a free, no obligation consultation on what mortgage options are available to you, and the associated costs.

  • Lender's Valuation (Basic Valuation) - All lenders require a valuation of the property to assess whether it is actually worth the price being paid for it. This type of valuation is organised by the mortgage lender but you will be expected to cover their costs. The cost of the valuation depends on the value of the property.

  • Professional Survey - You may wish to commission a more detailed survey in addition to the basic mortgage valuation. There are generally two types of survey: the Homebuyer's Report (which costs around 500) and the more comprehensive Building Survey (Structural Survey) which could cost anything up to 1,000, depending on the value of the house. A professional survey can be arranged for you through us, please contact us for more info.

  • Stamp duty This is a government tax when purchasing a property. Please click here to go to our stampy duty calculator

  • Legal/Conveyancing Fees - You will also need to instruct a solicitor to deal with all legal aspects of buying the property you want. We promote a range of different and very competitive conveyancing options - please ask us to find out more.

  • Land Registry Fee - The Land Registry is the government department that manages the register of all properties in England and Wales. It charges a fee - typically 40 or so, but is dependent on the property price - for transferring the register to the new owner.

  • Local Authority Search Fees - Local searches will be carried out by your solicitor/conveyancer to ensure there are no potential problems such as planning permission on neighbouring properties or plans for new roads nearby. The fee can vary depending on which local authority your new home is located in, but you should budget around 150 to cover this charge.

  • Other Search Fees and Disbursements - These include an index map, commons, the coal authority, land charge, company searches, bank transfer fees. Allow about 70 to cover an average house purchase.

  • Sales / Estate Agent's Commission - If you're selling your property as well as buying one, the sum charged by your estate agent has to be taken into account. Usually this is charged as a percentage of the property price. Please call contact us online to learn more about or fees and related services.

  • Removal Fees - if you're on a tight budget, you could arrange to do all the packing and removals work yourself. However, given the scale of this task, we recommend you seek professional assistance. We have partnered with removals services to assist you. Please contact us to learn more.

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Get a "Mortgage in Principle"

Getting a mortgage and buying a house are usually very much intertwined.

When you find a house, you'll probably have to move fast to secure it. To prevent being delayed while sorting out a mortgage we highly recommend you first get a "Mortgage In Principle" agreed. Having this in place means you should be able get the actual mortgage quicker when the race to buy your chosen home begins. You can get this offer in writing to show to Estate Agents and sellers this helps when making offers as its shows vendors you are actively seeking to purchase.

A 'Mortgage In Principle' is a conditional offer made by a mortgage lender that - provided the information you give them is correct - they will "in principle" give you the loan you have discussed with them. Knowing what you can afford will also help you narrow your search and give you a considerable degree of confidence.

Our partners, a firm of professional, independent financial advisors, would be pleased to provide you with a free, no obligation consultation on what mortgage options are available to you, and the associated costs. Contact us to find out more.

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Register with us

Once you have worked out how much you can afford the next stage is to start looking for a property.

To find your ideal property, we need to know as much as possible about your requirements. You can register with us either online, by phone or by visiting our offices, where one of our consultants can assist you with your search.

Once we have a clear understanding of your requirements we will access all properties that match your criteria. When you have registered, details of suitable properties can be sent to you by SMS, email or in the post - depending on your preferences.

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View properties

Its always good to have an idea of what you are looking for in your new home, this will help us show you properties that meet your requirements.

Viewings properties on our books

Viewings can be conducted from 9:00 am 7:00 pm Monday to Friday and 10:00 am 5:00 pm on Saturdays. You can book a viewing by phone Monday to Friday 9.00 am - 6.30 pm, Saturday 9.00 am - 5.00 pm, Sunday by appointment. You can also book a viewing on-line through the 'Book a Viewing' link presented against each property you find on our property search engine.

We usually conduct all property viewings as the Vendor may not always be present. Sometimes, a vendor gives us specific times for viewings, although we do ask them to be as flexible as possible.

After the viewing we will answer any immediate questions and usually contact you the next day for your thoughts and general feedback.

Please be on time for viewings, if you are running late please call and we will try our best to accomodate. We will arrange to meet you at the property, or if it is more convenient, at our offices from where we can take you by car. Sometimes we can collect you from your home or your place of work, depending on where these may be.

Property Search Service

We also offer a property search service to serious but busy buyers, who have limited time to spend in looking for a home. If this is you, this service could save you a ton in time and money. Contact us for more information.

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Make an offer

As soon as you've found a suitable property, we'll put your offer to the seller, verbally and in writing. We always aim to communicate your offer on the same day. The offer will be subject to a contract being signed and there are no legal obligations on either side until this is done.

Sometimes there may be a process of price negotiation and by working with us, both vendor and buyer can benefit from the expertise of our consultants, who will work hard to facilitate an agreeable outcome that delivers the best result for all.

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Exchange and complete contracts

When your offer is accepted, the vendor's solicitor/conveyancer will prepare a Contract of Sale. You will also need to appoint a solicitor/conveyancer to examine the contract, and raise any queries based on the title deeds and related property matters. To help secure a legal professional, we offer a range of different and very competitive conveyancing options that you can choose from. Please contact us to find out more.

When your Solicitor has replies to their enquiries, a completed satisfactory local search, a copy of a mortgage offer, a signed contract and a deposit cheque, they can then proceed to Exchange of Contracts. A deposit cheque is normally required for 5-10% of the purchase value of the property.

We recommend that by this stage you confirm arrangements for moving day - i.e. a removals service. With us, we can put you in touch with one of our reputable removals firms. Contact us to learn more about this removals service.

Contract completion can be on the date of exchange or can be anything up to 28 days later, depending on your requirements. On Completion your solicitor hands over the remainder of the purchase money to the vendor's solicitor and you can then move into your new home. Keys will be handed over to you by us, along with a "welcome pack" that includes various items of information that we expect will be of help to you - including final meter readings for electricity/gas, location of water stopcocks, meters, and so forth.

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Please contact us for any further information, advice or help you may need to help you with buying your next home.

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