FAQ's

Do I need a home survey when buying a house?

We answer the question ‘Do I need a home survey when buying a house?’ Do I need a home survey when buying a house? Yes, you need it because the money spent on the survey could save you thousands. This is because it provides you with an honest transparent review of your potential new home […]

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How much is the stamp duty?

Our Sales team are regularly asked ‘How much is the stamp duty?’ So, how much is the stamp duty? Stamp duty was changed in April of 2016 with an addition of a new 3 per cent surcharge on all rates. It is charged on the entire purchase price of a property. Stamp land duty is […]

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When does the mortgage lender release the funds?

We answer the question ‘When does the mortgage lender release the funds?’ When does the mortgage lender release the funds? The funds are released at the completion stage, when you become a homeowner. Your lender at this stage will release the mortgage money to your solicitor who will pay the seller’s solicitor. Then the seller’s […]

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Do I need to arrange building insurance when I buy a property?

Greater London Properties answers your question ‘Do I need to arrange building insurance when I buy a property?’ Do I need to arrange building insurance when I buy a property? Yes. you will need to arrange both buildings and contents insurance. If you are a first time buyer, then you may have bought contents insurance […]

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What are conveyancing searches and additional enquires?

Greater London Properties answers your question ‘What are conveyancing searches and additional enquires?’ What are conveyancing searches and additional enquires? The conveyancing searches are for you to avoid major costs in the future because they will reveal any issues with the property you are planning to purchase. These problems could be with the area or […]

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When do I sign the contract when exchanging?

Greater London Properties answers your question ‘When do I sign the contract when exchanging properties?’ When do I sign the contract when exchanging properties? You sign the contract during the exchange process, after all the terms have been agreed on. This is managed by solicitors and conveyancers acting on behalf of the buyer and seller. The […]

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Will the seller leave everything in the property?

Will the seller leave everything in the property? Will the seller leave everything in the property?  Once contracts have been exchanged and the money has been received, the house is legally yours. There will be a clause in your contract which states how the house should be left. This is usually with vacant possession  if you’re […]

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How Much Does It Cost To Move House?

We answer the question ‘How Much Does It Cost To Move House’? How Much Does It Cost To Move House? There are a lot of factors to consider when you are moving house and it’s important you factor in everything prior to putting your house on the market. Mortgage arrangement fees: You will need to […]

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As a foreign investor, can I buy a flat?

We answer a question ‘As a foreign investor, can I buy a flat?’ As a foreign investor, can I buy a flat? Yes, you can buy a  property in the UK if you are a foreign investor. However, it is easier if you are a cash buyer. This means you do not need to apply for […]

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