Step 1: Define Your Budget

Before you start viewing properties, it is essential to understand exactly how much you can afford. This involves more than just the purchase price — you need to factor in stamp duty, solicitor fees, survey costs, and moving expenses.

Key Costs to Consider

• Stamp Duty Land Tax (SDLT) — This is a government tax on property purchases. Rates vary depending on the purchase price and whether you are a first-time buyer or purchasing an additional property.
• Solicitor/Conveyancer Fees — Typically £1,000 to £3,000 depending on the complexity of the transaction.
• Survey Costs — A homebuyer report usually costs £400 to £700, while a full building survey can be £600 to £1,500.
• Mortgage Arrangement Fees — These can range from £0 to £2,000 depending on the lender and product.
• Removal Costs — Budget £500 to £2,000 depending on the volume and distance.

Step 2: Get a Mortgage Agreement in Principle

Having a mortgage agreement in principle (AIP) shows sellers and agents that you are a serious buyer with confirmed borrowing power. Most lenders can provide an AIP within 24 hours.

We work with several excellent mortgage brokers who can help you find the best deal. Just ask your Manzell agent for a recommendation.

Step 3: Start Your Property Search

This is the exciting part! Our website lists all available properties, and our agents can also alert you to off-market opportunities. When searching, consider:

• Location and transport links
• Local amenities (schools, shops, restaurants)
• Future development plans in the area
• Property condition and potential renovation costs
• Leasehold vs freehold implications

Step 4: Making an Offer

When you find the right property, your Manzell agent will guide you through making an offer. We will advise on market value, recent comparable sales, and the best strategy to secure the property.

Remember that in England, property transactions are not legally binding until contracts are exchanged, so it is important to move quickly and efficiently once an offer is accepted.

Step 5: Surveys and Conveyancing

Once your offer is accepted, you will need to instruct a solicitor and arrange a property survey. Your solicitor will carry out searches on the property, review the title deeds, and handle all the legal paperwork.

We recommend getting a full survey for older properties or anything you plan to renovate significantly.

Step 6: Exchange and Completion

Exchange of contracts is the point at which the transaction becomes legally binding. At this stage, you will pay a deposit (usually 10% of the purchase price). Completion usually follows within 1–4 weeks, at which point you receive the keys to your new home.

Need Help?

Our experienced team is here to guide you through every step of the buying process. Contact us today to start your property search.