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Guide to Buying
 
Buying GuideBuying your home is probably one of the most important steps you will take towards the future. As one of the area's oldest, Independent Estate Agents, we are here to make it as easy and stress free as possible. Our experienced team with its excellent local knowledge will provide you with all the help and guidance you need to see you through the process. Noe Glasman and Company can recommend local solicitors and independent financial advisors to help you.
 
………Think about what you can afford and   the type of property you are looking for: Its location, age, character, size and style, number of rooms, outside space and parking. Transport facilities, leisure facilities and schooling also have to be considered.

The Offer
When you have chosen your property and your offer has been accepted provide us with your Solicitors details which we will pass on to the Vendors Solicitor. Your solicitor will ensure that the seller’s solicitor prepares a draft contract of sale, and at the same time carry out local searches on the property.

Stamp Duty
"Stamp Duty” is a tax levied on all property purchases of more than £120,000 and is currently set as follows ;-

  stamp duty £120,001 - £250,000   1%
  stamp duty £250,001 - £500,000 3%
  stamp duty £500,001 + 4%


Survey and Mortgage
Surveys will now need to be arranged through your mortgage lenders before a mortgage offer can be made. There are three types of survey –

1) Basic Valuation
2) House buyers Report
3) Structural Survey

The purpose of the mortgage valuation is to ensure that the property you wish to purchase is suitable security for the amount you wish to borrow. Lenders will charge you a fee to carry out this service. This cost can often be negotiated with the lender. For independent mortgage broker- see our section on mortgages.

Exchange and completion
Once all the searches are completed, legal documents vetted by your solicitor and your mortgage confirmed, you will need to lodge a deposit (this is usually between 5% - 20% of the agreed purchase price) with your solicitor and you will then be in a position to exchange contracts of sale.

The remaining funds must be transferred to your solicitor prior to completion date.

noéGLASMAN and Company are dedicated to aiding you in this process.

 
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Hillfield Road  West Hampstead  NW6
For Sale - £900,000
2 Bed Flat - Hillfield Road West Hampstead NW6
Click for details

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