Apartment

There are a number of costs and fees involved in buying a new property. Before starting your home search, it is helpful to prepare a detailed budget of all costs that will be incurred throughout the process. This budget will help you plan cashflow and  ensure that you have sufficient funds available to complete the purchase  

Deciding to buy a new home is one of most significant financial commitments most of us will make in our lifetime. Whether it’s a first step onto the ladder, a move to something larger or downsizing for your golden years, it can certainly seem daunting and a little stressful. 

Moving home can quickly become an expensive exercise. In addition to the obvious costs such as a deposit, stamp duty, surveyors, solicitors etc, there are a number of other ancillary costs which people sometimes fail to take into account when putting their budget together. But, with a bit of careful planning, it is possible to economise and save a few pounds. Here are our top 10 saving tips;

The industry has a propensity to shroud property transactions in mystical terms such as “title, tenure, searches” and the like. But when it comes to leasehold property, we tend to take the jargon to a whole new level. To bust the jargon, we explain the meaning of frequently encountered leasehold terms.

The two primary forms of interest that can be held in property in the UK are freehold and leasehold. For a buyer, it is very important to understand the difference between the two, as each form of interest carries differing rights and obligations.

Client Money Protect ARLA The Property Ombudsman Trading Standards Deposit Protection Scheme Rightmove