Looking to buy property in central London and other desirable London locations? At Sandfords, our consultants are dedicated to connecting you with the finest properties that perfectly match your requirements.
Your property search matters to us. We take the time to understand your needs and aspirations.
Our experienced and professional property consultants have intricate knowledge of the area, our property portfolio, and all aspects of the market.
Through our 30+ years, we have built an excellent track record for finding our clients elegant properties in London’s most superior neighbourhoods.
Naturally, you need to find a property that you can afford.
If you need to raise finance, then you should speak to an experienced mortgage broker, such as Latham Noble at bMortgages (bmortgages.co.uk), who will be able to advise you on how much you can borrow. While you can’t get a mortgage before you buy, you can get a mortgage in principle, which will put you in a stronger position.
The majority of mortgages come with up-front fees. These are sometimes called arrangement fees, booking fees or completion fees and commonly range from £999 to £1,999.
When you apply for a mortgage, the lender will carry out a valuation to check the home is worth roughly what you're planning to pay for it. Valuation fees were once very common, but the vast majority of mortgages now come fee-free.
Your lender's valuation only looks at how much the property is worth – it doesn't check for structural issues and won't unearth any problems with the property. To protect yourself from buying a house with defects, you should always have an independent property survey done, too the cost of which depends on the size of the property and usually start at £500.
You'll need to hire a property solicitor or licensed conveyancer to handle the legal aspects of buying a property.
According to Hometrack, the average time to sell a property takes around 44 days from the date of listing a property to agreeing on a sale, down from around 50 days.
Typically, houses sell faster than flats, taking on average 42 days to sell compared to 62 days for flats.
Once an offer has been accepted, paperwork and legal processes will need to be worked through before the house sale is completed. The average time it takes to complete a house sale is between 4 and 6 months.
Stamp duty, or Stamp Duty Land Tax if you want to use the official jargon, is a levy that you pay to HM Revenue & Customs when you are buying a home.
It is paid by the person buying a property and how much stamp duty you’ll pay depends on where the property is, how much you are paying for it and whether or not it is your only property.
You can use the Government's SDLT calculator to work out how much tax you’ll pay: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/
Considering selling your premium home? Our property consultants in North West London and Central London can give you an informed valuation.
As property consultants in Central London, we offer sales, lettings, and property management services in affluent areas. We pride ourselves on being digital experts and strive to be at the forefront of technical changes within the property industry.