Buyer
Yooodle will firstly need to register all your details and understand your exact requirements, this way we can match you to properties that meet your expectations. Please note that we can only book you in to view properties once we have fully registered you.
We are contactable 7am-10pm, 7 days a week. Visit our ‘Contact Us’ page for a direct office line. If you enquire through the property portals our agents will be in contact with you immediately.
We are contactable 7am-10pm, 7 days a week. Visit our ‘Contact Us’ page for a direct office line. If you enquire through the property portals our agents will be in contact with you immediately.
If you are also looking to sell your property then we are able to help, check out our Sellers FAQ’s for more information on how Yooodle can help you to secure a successful sale.
Visit our ‘Contact Us’ page, click on the live chat option or complete the call back request and we will call you back at a time that is suitable to you.
Visit our ‘Contact Us’ page, click on the live chat option or complete the call back request and we will call you back at a time that is suitable to you.
Once you’ve found a property you love and want to buy, it’s time to consider the most important part – your mortgage. There’s no point in rushing this stage, because a bad deal will stick around for years. Whilst you can remortgage and get an improved interest rate at a later date, it pays to be on the ball and know the ins and outs of getting a mortgage at the first time of asking. Check out handy Mortgage Calculator for further guidance.
Stamp Duty: This is a government tax paid on homes costing £125,001 or more. First-time-buyers will pay no Stamp Duty on the first £300,000 for properties worth up to £500,000. As of April 2016, there is a 3% increase on top of current rates if you’re buying an additional residential property above £40,000 such as a second home or buy-to-let property.
Deposit: This is the amount you put towards the cost of the property when you buy your home. On average, you need at least 5% to 20% of the purchase price (for example: £10,000 to £40,000 when buying a £200,000 home).
Valuation Fee: The mortgage lender will assess the value of the property to establish how much they are prepared to lend you. The cost can be £150-£1,500 based on the property’s value. Some lenders might not charge you for this, depending on the type of mortgage product you select. The lender’s valuation is not like a full structural survey so it might not identify all the repairs or maintenance that might be needed.
Surveyor’s fee: Before you buy a property, get it checked by a surveyor. This is vital so you understand if there are any problems before you buy. Surveys range from a basic home condition survey costing around £250 to a full structural survey from £600 or more. Paying for a good survey could save you money on repairs in the long run.
Legal fees - You’ll normally need a solicitor or licensed conveyor to carry out all the legal work when buying and selling your home. Legal fees are typically £850-£1,500 including VAT at 20%.They will also do local searches, which will cost you £250-£300, to check whether there are any local plans or problems.
Removal costs - These usually range from £300-£600, although you could rent a van do it yourself.
Deposit: This is the amount you put towards the cost of the property when you buy your home. On average, you need at least 5% to 20% of the purchase price (for example: £10,000 to £40,000 when buying a £200,000 home).
Valuation Fee: The mortgage lender will assess the value of the property to establish how much they are prepared to lend you. The cost can be £150-£1,500 based on the property’s value. Some lenders might not charge you for this, depending on the type of mortgage product you select. The lender’s valuation is not like a full structural survey so it might not identify all the repairs or maintenance that might be needed.
Surveyor’s fee: Before you buy a property, get it checked by a surveyor. This is vital so you understand if there are any problems before you buy. Surveys range from a basic home condition survey costing around £250 to a full structural survey from £600 or more. Paying for a good survey could save you money on repairs in the long run.
Legal fees - You’ll normally need a solicitor or licensed conveyor to carry out all the legal work when buying and selling your home. Legal fees are typically £850-£1,500 including VAT at 20%.They will also do local searches, which will cost you £250-£300, to check whether there are any local plans or problems.
Removal costs - These usually range from £300-£600, although you could rent a van do it yourself.
This can vary as no two property transactions are the same. There are certain factors that can speed up or delay the completion of a property purchase, but ordinarily we would expect a straight forward transaction to complete within 8-10 weeks of the purchase being agreed and solicitors being instructed. If there is a chain involved, this time scale can be difficult to predict.
A purchaser or seller should never commit to delivery of goods, taking time off work, or a date for works at the property until the solicitor confirms the actual completion date.
A purchaser or seller should never commit to delivery of goods, taking time off work, or a date for works at the property until the solicitor confirms the actual completion date.
Choosing the right solicitor is essential to ensure your property transaction goes ahead without avoidable delays or hitches, while keeping legal costs to their minimum. At Yooodle we can help you choose the right Solicitor for your needs.
When making your decision you should consider the following:
• If using the services of a solicitor, ensure they are regulated by the Solicitors Regulation Authority. It is illegal for a solicitor to practise without this regulatory requirement. Likewise, a conveyance should be registered with the Council of Licensed Conveyancers
• A solicitor should also be able to provide additional services that may be required as a result of a property transaction. This includes Will writing, drawing up protective contracts for shared ownership, handling lease extensions or offering advice on settling boundary disputes.
This is probably one of the biggest investments you will make in your life; let us help you make the right decision.
When making your decision you should consider the following:
• If using the services of a solicitor, ensure they are regulated by the Solicitors Regulation Authority. It is illegal for a solicitor to practise without this regulatory requirement. Likewise, a conveyance should be registered with the Council of Licensed Conveyancers
• A solicitor should also be able to provide additional services that may be required as a result of a property transaction. This includes Will writing, drawing up protective contracts for shared ownership, handling lease extensions or offering advice on settling boundary disputes.
This is probably one of the biggest investments you will make in your life; let us help you make the right decision.
As soon as an offer is received, relevant checks will need to be carried out on you. Our dedicated sales team can guide you through what is required. We are on hand to support you through the purchase process, we will provide written confirmation of your offer and keep you informed once it is accepted.
Our top tips for making an offer count:
Our top tips for making an offer count:
- Don't reveal to the seller how keen you are on the property
- Let the seller know if you're a cash buyer
- Start negotiations by offering 5%-10% under the asking price
- Stay cool, calm and polite at all times
- Make sure your offer is subject to survey and getting a mortgage
- Don't get carried away and pay more than your budget
- Make an offer on the condition that they take the property off the market
- Get your finances in order in advance
- Ask if other offers have been made
- It can pay to negotiate directly with the seller
Before you buy a property, you will need to get it checked by a surveyor. This is vital so you understand if there are any problems with the property before you buy. Surveys range from a basic home condition survey costing around £250 to a full structural survey from £600 or more. Paying for a good survey could save you money on repairs in the long run.
We work with a variety of mortgage brokers, our nominated in house brokers are on hand to help to any requirements on mortgage advice or securing your mortgage offer to purchase your property.
Please visit our ‘Contact Us’ page to get in touch.
Please visit our ‘Contact Us’ page to get in touch.
The property purchase becomes legally binding when the contracts of the sale have been signed by both parties. If either party fails to honour the contractual obligations this will be a breach of contract.
If you are buying your first home you can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.
If the price is over £500,000 you will need to follow the rules below.
Up to £125,000 – Zero
The next £125,000 (the portion from £125,001 to £250,000) – 2%
The next £675,000 (the portion from £250,001 to £925,000) – 5%
The next £575,000 (the portion from £925,001 to £1.5 million) – 10%
The remaining amount (the portion above £1.5 million) – 12%
Visit our handy Stamp Duty Calculator to find out more.
If the price is over £500,000 you will need to follow the rules below.
Up to £125,000 – Zero
The next £125,000 (the portion from £125,001 to £250,000) – 2%
The next £675,000 (the portion from £250,001 to £925,000) – 5%
The next £575,000 (the portion from £925,001 to £1.5 million) – 10%
The remaining amount (the portion above £1.5 million) – 12%
Visit our handy Stamp Duty Calculator to find out more.
The time it takes to go from exchange to completion is decided by the buyer and seller. It can sometimes be affected by other parties within the chain. For example, if the seller is waiting for a house purchase of their own to go through before moving out.
The completion date is the date in which you are able to move into your new home.
The estate agent is likely to hold the keys for you to pick up. On completion day, your solicitor will arrange for money to be transferred to the seller’s solicitor. Ideally, all the buyers and sellers in the chain complete on the same day, otherwise you might have to wait for the seller to have completed buying their new home before you can move in.
The completion date is the date in which you are able to move into your new home.
The estate agent is likely to hold the keys for you to pick up. On completion day, your solicitor will arrange for money to be transferred to the seller’s solicitor. Ideally, all the buyers and sellers in the chain complete on the same day, otherwise you might have to wait for the seller to have completed buying their new home before you can move in.