Frequently Asked Questions
We have made a list of commonly asked questions, which we have answered below to help you understand a few considerations. If you have any other queries, or need some advice, then please get in touch with us on 01424 444 700.
Energy performance certificate – It is a legal requirement to have an EPC whenever a property is built, sold or let. An EPC contains information about a property’s energy use, typical energy costs and recommendations about how to reduce this usage and save money. You can expect to pay approximately £60 – £90 depending on the size of the property.
Fees to estate agent – Fees are payable once we have found you a buyer and contracts are exchanged, these fees will be agreed with the valuer when signing our agency agreement. These fees will either be a percentage of the purchase price or a fixed fee. We pride ourselves on being 100% transparent, there are absolutely no hidden or additional marketing costs.
Legal fees to conveyancer – Conveyancing is the legal transfer of a property from the seller to the buyer. These fees can vary depending on the solicitor that you chose to act on your behalf.
We can have your property details prepared and your home on the market on the same day as our valuation if speed is important to you.
An average timescale from the point of accepting an offer on your property until exchange of contracts can would be approximately 8 weeks, however this timing can vary depending on the financial position of your buyer and if there are related transactions to consider.
The buyer of a property is liable to pay Stamp Duty Land tax on puchases over £125,000 for residential properties or £150,000 for non-residential properties in the UK. This tax is worked out on a tiered scale, the current rates for residential properties are;
Below £125,000 = 0
Between £125,001 – £250,000 = 2%
£250,001 – £925,000 = 5%
£925,001 – £1,500,000 = 10%
£1,500,001 + = 12%
Your Conveyancer will usually file your return and pay your tax on the day of completion, adding this cost to their fees.