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FAQs

Buying & Selling a house

Freehold means that you fully own the property and the land.

Being the leaseholder means you own the property for as long as is specified in the lease. The property is yours whilst there is a lease in place but you are guaranteed the right to live there by the freeholder who owns the land.

-Energy performance Certificate-it is a legal requirement to have a valid EPC before a tenant may reside in a property. We can have this arranged for you at a normal cost.

-commission fees are payable upon completion of contracts and is calculated as a percentage of sale price plus VAT or yearly let income.

It is not compulsory to redecorate your apartment before renting but it is in your best interest if it is looking as good as it possibly could to gain a quick sale or let.

Stamp duty is reserve solely for the purchaser.

If you are selling a property which is your main home then no capital gains tax is necessary however if it is a 2nd home or buy to let sale then it is more than likely you would have to pay something.

Title deeds are usually held with your bank or Mortgage lender and your solicitor will be able to retrieve it.

On the day of completion your solicitor will deduct agent fees, outstanding expenses and mortgage with the surplus being paid into your account.

Due to the unpredictability at any time, no 2 sales are the same so it can take on average up to 8 weeks to complete.

If they withdraw once the contracts has been signed then you’d be able to recover the deposit and also have contractual remedies against them in the court to seek compensation sometimes forcing them to sell but this wouldn’t be applicable to reclaiming any cost prior to the official exchange date.

Landlord and Tennant question

No a tenant can remain in the property until a bailiff notice is served and court action cannot proceed until an eviction notice is given of which they have 14 days to pay. A notice must be served to the tenant from section 8 of the housing act 1988.

If your tenancy is an Assured short hold tenancy, the type of notice required depends on whether the tenancy is still in fixed term or if it has ended and any notice given has to be of two months duration.

An EPC (Energy Performance certificate) measures the energy efficiency of the property of A-G and is valid for 10 years.

It is a legal requirement for landlords to have a valid EPC before their property is let and we offer this for free with sole agency instructions.

All deposits being paid by a tenant for an assured short hold tenancy are registered with a recognised deposit protection scheme within 14 days guaranteeing that any deposit disputes will be dealt with efficiently.

Prices depending on size of your property however we can arrange this for you and our costs are clear.

For a long let you should receive your rent by standing order on the rental due date each month. The due date is typically, although not always, the date on which the tenant moved in. For a short let you will receive you rent in full prior to commencement of the tenancy.

Notice would need to be served in accordance with your particular lease agreement; normally this is in writing to your landlord.

When you sign the tenancy contract you are agreeing to pay the rent for the agreed time when you meet the break clause.

This is however at the landlords discretion therefore always feel free to call us to discuss issues you may have and we will do our best to reach an agreement between both parties.