Buying Process


1Arranging your mortgage

The Real Property Experts advises buyers to consult with an independent financial advisor to put in place any mortgage arrangements which may be required.

If an agreement in principle is in place, we find it helps our applicant’s proceed swiftly with a purchase in many cases.

2Register your interest

We'd be delighted to welcome you to our offices to learn more about the type of property you are looking to purchase.

Once we have all your requirements and contact details, we will send you details of relevant properties to you.

Please do not hesitate to brows our website for details of properties for sale as well as finding them on propertyportals Right Move, Zoopla and On the Market.

3Finding the right property

Please let us know your requirements in as much details as possible. Do you need to be near a particular school or tube station? Perhaps you find stairs difficult or you have a regular visitor who might? The more specific you are the easier it is for The Real Property Experts top match you to the best property.

4Making an offer

It’s imperative that your offer allows for Stamp Duty (Land Tax) and Solicitors fees. Once the vendor has accepted your offer, you should instruct a solicitor to start the buying process. The Real Property Experts would be delighted to recommend a solicitor who can care of this for you.

5Offer agreed

Once your offer has been accepted, the process of conveyancing begins. The Real Property Experts will liaise between your solicitor and vendor's Solicitor to ensure that your purchase goes through as smoothly as possible.

6Conveyancing

This is the legal term for the transfer of ownership of a property from one party to another. The sellers Solicitor will send your solicitor the draft contract which is then amended ready for your final approval.

7Survey and mortgage offer

If you require a mortgage, your vendor will carry out a survey to establish the property condition and ensure the price agreed is appropriate to market conditions.

8Exchange of contracts

When your solicitor have received satisfactory replies to all their searches and enquiries and a copy of the mortgage offer, a sales contract is signed by both you and the vendor, The agreed deposit is transferred or paid by your solicitor to the vendor’s solicitor: this is called the exchange of contracts.

After the exchange of contracts, the seller and buyer are legally committed to the deal.

At exchange, the date is set for completion of the sale. This can happen immediately or up to 28 days later or more by mutual agreements.

9Completion

Completion is the formal process of transferring the balance of monies due from the buyer’s solicitor to the vendor’s solicitor. Once the monies have been received, you can collect the keys and you are the legal owner of your property.

10Moving in

When you have completed on your property, The Real Property Experts will provide you with a welcome pack with all you need to know, from the location of the Gas and electricity meters, mains water stopcocks, local authority details, waste collection day and so on.

Your mail will need to be re-directed and you should inform your bank, your employer, HMRC, DVLA, Insurance, Council Tax, Dentist and any school that you have changed your address.

Disclaimer: This information is provided as a guild only and may not reflect your individual’s circumstances. You should obtain professional advice when buying or selling a property.

The Real Property Experts accepts no liability if you rely on the content of this guide and do not obtain professional advice.

Valuation

The Real Property Experts are pleased to give you an authoritative appraisal of the value of your property and the appropriate asking price for sale using all our experience and understanding of London’s micro markets, history and buyers expectations. Should you require a formal valuation for legal or taxation purposes we can refer you to a RICS registered surveyor.

Area Guides

Please click on the links to guide you through London prime residential areas.

Experience

The Real Property Experts have been serving Marylebone and surrounding areas for over ten years and our staff have almost 50 years combined experience in sales and letting in Central London.

Results

The Real Property Experts always work hard to maintain our excellent levels of customer service - check out our positive reviews from vendors , landlords , buyers and tenants.

Featured Properties

Fees

Refundable Holding deposit

Capped at 1 weeks rent

Security Deposit

Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent

The agreed monthly rent

Changes to tenancy

Capped at £50 inc VAT

Early termination charge

Not exceeding the landlord’s financial losses

Late payment of rent

Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys

Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc

Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details

The law requires your membership details

Property Redress Scheme Membership details

The law requires your membership details