Buyer’s FAQs
Where can I find mortgage advice and make an application?
There are lots of different home mortgages available and all at varying rates. By working with a mortgage consultant, you can find the right mortgage and be assisted during every step of the application process. By contacting our team today, we can put you into contact with some of the top mortgage lenders in the UK.
We typically charge a fee of around £499 or 0.5% of the loan. With any mortgage, your home may be repossessed if you are unable to keep up with your repayments.
If I become a landlord, will I have to pay more stamp duty when I purchase a property?
Buying a new property in addition to your main residence means that you will most likely be liable for a 3% stamp duty surcharge. For additional support and to calculate an estimate of the stamp duty you may owe, use the Chesworths stamp duty calculator.
What is a share of freehold and will this affect me?
Share of freehold occurs when you purchase a flat with a share of ownership on the property lease. Share of ownership refers to when all leaseholders with several properties in a block collectively buy and share the freehold between them. This results in more control over property management.
What is a property open day, and should I attend one?
A property open day refers to an exclusive day when a property is marketed to all interested potential buyers. Instead of arranging individual viewings, many estate agents work with clients to showcase homes in one day. This helps to speed up the buying process though it is important you study the home and consult with your mortgage broker before investing in the property.
With open days, there is usually no additional time for viewings, so it is important to note down any defects or issues with the home before you submit any best or final offers.