The Stamp Duty Land Tax holiday, which was recently extended, is set to finish at the end of June. What can homebuyers expect once the rates return back to normal?
What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax that must be paid when someone purchases a property over a certain value. At the moment, this threshold has been increased to £500,000 as part of the stamp duty holiday, and is due to be lowered back to £250,000 from 1st July.
To find out how much stamp duty you’ll have to pay, you can use our online stamp duty calculator.
The Stamp Duty Holiday Explained
The stamp duty holiday was put into place to help boost the housing market following the pandemic, as lockdown meant fewer people were buying properties. It also aimed to give a helping hand to those looking to purchase homes during the pandemic, as finances took a hit for many people during this time.
As a result, the stamp duty threshold was increased to £500,000, meaning homebuyers don’t have to pay stamp duty if they buy a property that is priced underneath this figure. Once the stamp duty holiday ends, the threshold will be gradually lowered in a “staggered” return to its former place at £125,000.
From 1st July, the threshold will be lowered back to £250,000, meaning those looking to buy a home at a price greater than this will have to pay the additional tax. Then, in October, the stamp duty threshold will be lowered back to its normal limit of £125,000.
When Will the Stamp Duty Holiday End?
The stamp duty holiday is set to end on 30th June 2021, meaning that property purchased on or after 1st July 2021 will be subject to the lower threshold.
The government has stated that for those looking to purchase their first home after 1st July 2021, the higher threshold still stands.
What Will the End of the Stamp Duty Holiday Mean?
Once the stamp duty holiday finishes, those looking to buy a new home will have to pay the additional tax if the property is worth more than £250,000. While this adds on an extra expense for homebuyers, it’s a positive sign for the housing market, which is currently booming despite economic uncertainty posed by Covid-19 (Which, 2021). However, this may change after the staggered return to the normal threshold of £125,000 in October.
As the deadline is coming up, this means that any homes purchased but not completed before 1st July will be taxed against the lower threshold.
What Should Homebuyers Keep in Mind?
Homebuyers should keep in mind that, as it’s unlikely there will be another extension to the stamp duty holiday, there will be additional costs associated with purchasing a home over £250,000 after the end of June.
This may mean that homebuyers may have to plan their finances ahead more efficiently, which could involve saving money for longer or placing money aside to cover the extra cost if this is unexpected.
How Taylor Cole Can Help
As experienced estate agents in Tamworth, we have extensive knowledge on stamp duty, as well as any additional help you can receive when purchasing your next home, for example, the government’s 5% deposit scheme.
If you’re looking to buy a new home in Tamworth or the surrounding areas such as Sutton Coldfield or Lichfield, and would like to know more about how we can support you, please get in touch with a member of our team today by calling 01827 311412 or emailing [email protected]. You can also read our guide to buying a property here.
When looking to purchase a property, there are several costs you need to know about. This includes:
Stamp Duty Land Tax (SDLT)
This is a tax that is payable when you buy a property at a price of over £125,000, and you can determine how much you will need to pay by using our online stamp duty calculator.
At the moment, there has been an extension to the stamp duty holiday, meaning that the level at which SDLT has to be paid has been raised from £125,000 to £500,000.
The holiday was implemented in 2020 and was aimed at helping buyers whose finances had been affected by the coronavirus pandemic, while boosting the property market hit by lockdown. You can find out more about what this means for the property market in our blog post “What Does the SDLT Holiday Mean for the Property Market?”
It is always beneficial to discuss with your solicitor to get an understanding of how much SDLT you are viable for.
There are a number of fees and charges you may need to pay when taking out a mortgage, including mortgage broker fees, mortgage valuation fees and possibly a mortgage arrangement fee.
A mortgage broker fee will be dependent on whether you use a mortgage broker, and the amount you pay will be dependent on the mortgage broker you use. Please discuss with your mortgage broker the fees they charge and the fees that may be applicable when applying for/obtaining a mortgage.
You should also be prepared to pay a mortgage valuation fee if a mortgage required, which is when the lender assesses the value of the property. The lender typically sends out a surveyor to assess the value of the property to ensure the property is suitable security for the mortgage loan required.
A valuation report is an assessment of what the property you are purchasing is worth, and a chartered surveyor calculates this. If you want to know what your home could be worth right now, our valuation calculator will give you a guide price, based on analysis of property data in the UK.
Your mortgage arrangement fee can sometimes be added to your mortgage loan. Please check this with your mortgage provider.
You may also wish to have an independent survey on the property you are purchasing, and if so, there will be a surveyor’s fee.
You will need a solicitor or licensed conveyor to carry out all the legal work when buying your home. This will typically involve a series of questions and “searches” to check for any local issues that could affect your enjoyment or use of the property.
This should also incorporate any electronic transfer fees, which pays for the transfer of mortgage money from the lender to the solicitor/conveyancer. It is important that you confirm with your solicitor the legal fees that will be incurred throughout the transaction.
At Taylor Cole Estate Agents, we are well established within Tamworth, and are able to offer expert recommendations for solicitors or surveyors if needed.
This is your equity that you are putting into the property. On average it is 10% deposit that is required, however in the current market, some lenders are considering deposits for 5%. Generally, the bigger the deposit you pay, the more likely you are to obtain your a mortgage.
The government have also announced a 5% deposit scheme for first time buyers in order to turn “generation rent into generation buy”.
It’s important when purchasing a property you budget adequately to ensure affordability of your new home. You should consider on-going costs such as council tax, utilities and insurance, such as building and contents insurance, as well as general on-going maintenance costs.
Taylor Cole Estate Agents
As one of Tamworth’s leading estate agents, we have a range of enthusiastic and professional advisers who are committed to giving you advice on all aspects of buying a property.
We are forward-thinking sales and letting agents that help you to invest in your future the right way, preparing you properly for becoming a homeowner.
For more information about how Taylor Cole can support and advise you through the process of buying a property, give us a call on 01827 311412.
As lockdown restrictions continue to ease, the housing market is forecast to experience strong growth over the coming months, with many buyers wanting to take advantage of the Stamp Duty Land Tax (SDLT) holiday extension outlined in Chancellor Rishi Sunak’s Budget.
If you’re looking to move home – whether you are a first-time buyer, downsizing, upsizing or looking to move into the region, we have a variety of properties for sale in and around Tamworth.
As Tamworth’s leading estate agent, our experts have compiled some of the key benefits of living in this affordable part of south Staffordshire. We want to help you understand what Tamworth can offer to its residents, and why it could be a great place to consider moving to.
A great choice of shops, restaurants and bars
Tamworth, which takes its name from the River Tame that flows through the town, is a vibrant place with plenty of shops in the town centre, including more than 60 in Ankerside Shopping Centre.
Accompanying the high street stores are numerous unique and independent shops, bars and restaurants.
On Tuesday and Saturday, a busy street market featuring more than 100 stalls sets up in the heart of the town, offering shoppers a great choice of fresh produce, clothes and household goods.
Ventura Retail Park is also just a short walk or even shorter drive from the historic town centre and offers major supermarkets, dozens of large clothes retailers and places to eat and drink.
An excellent location
We think you will find all you need in Tamworth, but everyone likes to venture further afield from time to time and Tamworth has excellent road, rail and airport links.
The buzzing city of Birmingham is just 14 miles away and regular trains connect you to both the second city and London. Birmingham International Airport is just a few junctions down the M42.
Multiple motorway networks including the M42 and M6 are right on your doorstep and the A5 and A38 will quickly connect you to many other Midlands locations, such as Lichfield, Cannock and Nuneaton.
Fun for all the family and exciting days out
In 1994, Europe’s first real indoor ski slope opened its doors right here in Tamworth. You will find the Snowdome located just off the A5, offering a unique skiing experience for a wide range of abilities, from a beginner’s slope to a more advanced 170m-long slope, for more experienced skiers.
With a gym, swimming pool and ice rink also on the site, it offers to its visitors that will keep everyone occupied. It also offers lots of activities, such as tobogganing and tubing, and lessons, such as swimming, skiing and ice skating.
Drayton Manor Theme Park is also located in Tamworth and thrill-seekers can enjoy more than 100 rides as well as the Adventure Cove, zoo and, for the younger ones, Thomas Land.
The beautiful Tamworth Castle is situated right in the heart of the town and offers functions including wedding hire.
Visitors will be mesmerised by murder mysteries, ghost tours and more inside the Tudor and Jacobean buildings that tower over the Medieval Great Hall.
Cost of living and affordability
In comparison to other areas in the UK, Tamworth isn’t a particularly expensive place to live. There are plenty of relatively affordable houses and flats to rent across the region.
House prices are also generally lower in the area, and with the tax break making buying a more affordable option, especially for first-time buyers, Tamworth could be a great option for affordable buying.
So, whether you’re looking for a flat, terraced house, semi-detached or detached home, Tamworth can offer an affordable option. The council tax is also affordable and sits slightly lower than the UK national average (Which).
Schools and activities
Tamworth is a vibrant town for young children and there are 45 primary schools, ten secondary schools and four 16 to 18-year-old colleges/schools.
There is also a strong sense of community spirit and support, including lots of pre-school activities for younger children in and around Tamworth.
Want to discuss this in more detail?
At Taylor Cole, we understand that moving home is not always a straightforward decision. If you have any queries and wish to discuss a potential move or finding the right home for you, please contact us on 01827 311412, or speak to our independent financial adviser.
If you are looking outside of Tamworth, we also cover Sutton Coldfield, Lichfield and the rest of Staffordshire.
With the property market being essential in helping rebuild the economy, Prime Minister Boris Johnson announced last month that he would “fix our broken housing market” by introducing a new 5% deposit scheme. Aimed at the two million first-time buyers across the UK, the scheme aids the Prime Minister’s vision of “turning generation rent into generation buy”.
“We need now to take forward one of the key proposals of our manifesto of 2019: giving young, first-time buyers the chance to take out a long-term, fixed-rate mortgage of up to 95 per cent of the value of the home – vastly reducing the size of the deposit. We believe that this policy could create two million more owner-occupiers – the biggest expansion of home ownership since the 1980s. We will help turn generation rent into generation buy.”- Boris Johnson
How will the scheme work?
First time buyers have been hit particularly hard by the pandemic. Those struggling to raise savings could previously apply for a 5% deposit, however, recently these have been especially hard to find. The news of the government’s 5% deposit scheme is extremely welcome to would-be purchasers.
At this stage, the government hasn’t gone into too much detail about how and when the scheme would be introduced, however it is predicted to come into force when the new Help-to-Buy scheme ends in 2023. Boris Johnson has said, however, that through the scheme, the government will take on some of the loan risk in the form of a state guarantee.
What can first time buyers do right now?
If you are already planning on getting into the property ladder and can’t wait until the government’s 5% deposit scheme starts, there are some options that could suit you right now:
Help to Buy Equity Loan
With a Help to Buy Equity Loan, the government lends you up to 20% (40% if you’re in London) of the cost of your newly built home. You pay a 5% deposit and arrange a mortgage of 25% to make up the rest of the costs.
With this type of loan, you won’t be charged interest on the 20% loan for the first 5 years of owning your property. You must, however, pay the loan back after 25 years or when you sell your home, whichever comes first.
To be eligible, the home you buy must be a new build with a purchase price of up to £600,000 in England or £300, 000 in Wales. It must be the only home you own and it can’t be sub-let or rented after you buy it.
Help to Buy ISA
Another way in which first-time buyers can save towards a house is a Help to Buy ISA, which is a tax-free savings account where the government will add an extra £50 for every £200 that you save. This government benefit is limited to a maximum of £3000, but it can help boost your savings towards your deposit for your first home.
Unfortunately, these types of accounts have now closed for new applicants, but those who already have an account have until 2029 to use it.
Right to Buy
This scheme allows council and housing association tenants to buy their property at a discount. The discount you receive is dependent on how long you’ve been living in the property and whether the property is a house or flat.
If you’ve been living in a council house for three years, you’re entitled to a 35% discount. After five years, this discount increases by 1% each year (up to 70%).
If, however, you’re in a council flat, you’ll be entitled to a 50% discount, which increases by 3% per year after five years (up to 70%).
Shared ownership involves part owning and part renting. You can apply to buy a portion of the property, and pay rent for the remaining portion. As time goes on, you are able to buy additional portions of the property, with the house being re-valued each time you do.
In order to do this, you need a deposit worth 5% of the portion you’re buying.
Rent to Buy
Rent to Buy allows you to rent a property at 80% of the market rate and receive a 10% gifted deposit from the housing association when you’re ready to buy it. Your lease can last up to five years and there’s no obligation to buy.
Taylor Cole Estate Agents
As one of Tamworth’s leading estate and letting agents, we are committed to making matters easier for you.
We understand that buying a property can be stressful, especially if you are a first-time buyer. At Taylor Cole, we believe that it should be an exciting time full of possibility, which is why we offer personalised advice and support to help you secure the property of your dreams.
To find out more about how we can support you, call us on 01827 311412.
The awards are completely funded by allAgents, which make the awards the UK’s largest free customer awards scheme for people working within the property industry. With the awards being free, all winners have achieved recognition based entirely on feedback from clients rating and sharing their experiences.
Taylor Cole Estate Agents
We take an innovate approach to selling or letting properties. Our team of experts are committed to making matters easier for our clients, offering quality advice to support them when moving.
Our customer-focused methods are evident in the results of the 2020 People Awards. Our agents approach, experience and knowledge of Tamworth and the surrounding areas has led to us sweeping the board, with our expert agents picking up first, second and third place for “Best Estate Agent in B79.”
In third place, Sales Adviser Laura Hands has showcased her customer service abilities and outstanding communication skills.
In second place, Sales and Marketing Manager Jack Cole has ensured that service of the highest standard is always delivered.
In first place, voted the Best Estate Agent in B79, Jonathan Cole has used his wealth of experience to ensure the highest standard of customer service is implemented from a client’s first interaction with Taylor Cole Estate Agents.
This year has been a tough year for the industry, and we are proud of our dedicated and hard-working team. It is our people that make Taylor Cole Estate Agents what it is, and so we are grateful to allAgents for recognising our people with this accolade.
Martin McKenzie, director at allAgents says:
“Without these customer experience awards, it would be difficult to separate the best from the rest. Now both prospective customers and prospective employers have a means to finding the right people to work with.”
You can view our certificates and awards by visiting the winners in B79.
See how we can help you by calling our sales team on 01827 311412 or our lettings team on 01827 311511.
Of paramount importance to Taylor Cole Estate Agents and Taylor Cole Residential Lettings is the safety of our staff and customers.
We have very specific measures in place when arranging property viewings/inspections and valuations in order to protect you and our staff, which includes going through a series of questions with all viewers and potential sellers, we request that face masks are worn and will be restricting the number of people in a property at any one time. Full guidelines will be issued to all customers and clients. Our continued advice is for no more than two adults being in a property at any one time.
We are also taking measures to keep our staff safe so that our branch can remain open for business and to help with this, we would ask all our vendors for their co-operation and assistance with viewings, where your property is occupied. We will, course, continue to show viewers around vacant property, with appropriate distancing measures in place in accordance with Government Guidelines.
May we thank you for your co-operation and support, as we all play our part in trying to keep this terrible virus at bay, and we look forward to continuing our service to all our valued customers and clients.
Taylor Cole Team
What is the government’s advice regarding the property market?
The government has urged both buyers and sellers to adapt and be flexible with their current house moves. This means that if you are currently in the process of buying or selling your property, you do not need to pull out.
The government’s advice is as follows:
“Given the situation in the UK with regard to the outbreak of coronavirus (COVID-19), we urge parties involved in home moving to adapt and be flexible to alter their usual processes.
“There is no need to pull out of transactions, but we all need to ensure we are following guidance to stay at home and away from others at all times, including the specific measures for those who are presenting symptoms, self-isolating or shielding. Prioritising the health of individuals and the public must be the priority.
“Where the property being moved into is vacant, then you can continue with this transaction although you should follow the guidance on home removals.
“Where the property is currently occupied, we encourage all parties to do all they can to amicably agree alternative dates to move, for a time when it is likely that stay-at-home measures against coronavirus (COVID-19) will no longer be in place.”
I’m putting my house up for sale, what should I do?
Getting your home onto the market during this difficult period is going to be more challenging.
As your local estate agents, Taylor Cole are doing everything that we can in order to support you with the sale of your property. Over the phone, we will be able to give you general advice about the local property market and begin the process remotely.
Due to the coronavirus lockdown, we are currently unable to take photos or videos of new properties, however, if you can take photographs yourself, we can touch them up and support you with listing the property.
If, however, we have already taken the photographs of your property, we can use our state-of-the-art video and imagery in order to keep potential buyers in the loop and allow them to see as much as possible of your home from the safety of theirs.
If you would prefer to wait until after the lockdown, let us know and we can get everything in place for when the time comes.
If I’m selling my home, do I need to cancel viewings?
Yes. There should not be any visitors to your home and as such, you should not be letting viewers come and visit your property.
If we have already taken videos of your property, we will use our state of the art media recourses to show potential buyers as much as possible of your property.
What happens if I have not exchanged contracts yet?
If you have not yet exchanged contracts with the interested party, there is no full-proof way of ensuring that the effects of the coronavirus will not affect the transaction. You may, however, agree on a clause in the contract that allows for a delay should the coronavirus make it impossible to complete the transaction. As your estate agents, we can discuss this with both you and your solicitor.
Can I still accept offers?
Yes. If you have had an offer that you are happy with and would like to accept, you are free to do so. It is important, however, that you are aware that the selling process may take longer than usual.
What happens if I no longer want to sell my home?
If you have decided that you no longer want to sell your property, there may be different consequences depending where you are in the process. If an offer has been made, and you have accepted, the government is advising to continue with the transaction. In this case, there may be a fee.
We understand how difficult the current climate is and will work with you, your solicitor and the interested party to reach an agreement and support you in the best way possible.
I’m interested in buying a property, what should I do?
The latest guidance from the Ministry of Housing states that ‘there is no need to pull out of transactions,’ but also stresses that the rules of the government’s lockdown must be followed.
If possible, you should delay moving into a new property while these strict measures are in place in order to prevent the spread of coronavirus.
Will this affect my mortgage agreement?
Lenders across the financial industry are working to find ways to enable customers who have exchanged contracts to extend their offer for up to three months. This will enable you to move at a later date.
With the support of our in-house mortgage adviser, Taylor Cole Estate Agents are here to provide you with top-quality advice and support throughout.
What happens if I have already exchanged contracts?
If you have already exchanged contracts, you have entered a legal agreement that must be abided.
If the house or property you are purchasing is currently unoccupied, you can continue with the transaction. You must follow advice on staying away from others in order to minimise the spread of the virus.
If you have already exchanged contracts and the property is currently occupied, we can work with you and all concerned parties, including your solicitor to agree a delay or another way of resolving matters.
What happens if my chain has broken?
One of the main unavoidable side effects of trying to pause the entire property market, is that this will lead to the breaking of many housing chains. Some homeowners are deciding that they no longer want to sell in the current circumstances, which may cause you problems if your chain has now broken.
In many cases, chains may break from the bottom as first-time buyers pull out, however interest rates are now at an all time low, meaning other buyers will be there to fill the gap and repair some broken housing chains following the lift of the government’s lockdown.
To read the Government’s advice in full, visit their official website here.
If Taylor Cole Estate Agents can support you in any way, or if you have any questions that are not listed above, please contact us by calling 01827 311412.
rearing it’s head and the sun beginning to stay out for longer, we thought we’d
compile a list of some top tips for you to consider when selling your home
Remember: First impressions count
usually make a decision on whether they like a property or not within the first
seconds of arriving, so it’s imperative that you make sure that your home is
looking its best.
attention to your front door – does it give the impression that the home is
well looked after? You may consider buying a new doorknob or a new letterbox, as
these small touches immediately make your home feel more inviting to potential
Have a spring clean
It’s not called a
spring clean for nothing! Most people will have a spring clean over the warmer
months, but this is particularly important if you plan on selling your home.
People looking to
purchase a new property are often looking for a fresh beginning or new start,
so you should make sure your house is offering just that. Give any old carpets
or flooring a deep clean and wash your curtains or any parts of the home that
attract extra dust. You’ll be surprised at how these small differences can make
a house feel clean and fresh.
For extra points,
buy some plug-in air fresheners to add an inviting and clean smell to your
Let the natural light do the work for you
A dark room is an
immediate turn-off. In rooms with access to windows, open your curtains and
blinds to let as much natural light as possible into the property.
The natural light
will brighten up your whole house and show potential buyers how beautiful your
home is. Make sure you give your windows a clean too!
Keep decoration minimal
No two people have
identical taste in interior decoration, so you should try and keep decoration
to an absolute minimum. It will be difficult for potential buyers to imagine
your property as their own if you have lots of personal decorations around the
house. They want to imagine living there – not feel like an intruder in someone
Don’t forget about the garden
It is likely that
over the winter months, you haven’t paid much attention to your garden, so make
it your priority to do some gardening before any viewings take place.
Painting the fence
and mowing the lawn will instantly make your property more appealing – a quick
fix can make all the difference.
Use experienced, local estate agents
vital that your property is available to view during the busy spring property
market. With lots of properties on the market at the same time, it is likely
that potential buyers will be viewing a range of different places. This means
that if your house is not available to view, they will search elsewhere.
responsibility to a local estate agents such as Taylor Cole will take the
stress out of your hands and you can rest assured knowing that your property is
being viewed while you’re busy.
As one of Tamworth’s leading estate and letting agents, we are committed to making matters easier for you. We understand that selling your property can be stressful. This is why we offer up-to-date advice and guidance to you, every step of the way. Find out more about how Taylor Cole can support you in selling your property by calling us on 01827 311412.
It is easy to get
swept up in what may seem like the perfect home and start to envisage your life
there, but it important not to get ahead of yourself. As one of Tamworth’s
leading local estate agents, we have provided you with some useful tips to bear
in mind when viewing a property in the future.
storage space and room sizes
important to be practical when attending a house viewing. Think about your
current furniture and belongings and assess whether the property has enough
room to accommodate them.
can make the mistake of misjudging room sizes and run the risk of facing cluttered
rooms. It might be worth taking measurements of each room so that you can compare
your furniture dimensions with the room sizes.
items such as hoovers, towels and spare linen are often forgotten about. You
should consider if there is enough room for cupboards or shelves to be built
outside of the property
easy to neglect the outside of the property when viewing the properties
interiors. You should be looking to see if the outside areas are suitable for
your needs. Is the garden maintainable? What are the parking facilities like? Is
there any external damage to the house that could lead to potential issues
further down the line?
hesitate to test things out around the house. For instance, turn on the taps to
see how good the water pressure is, or open windows to see if they are fitted
properly. It may not feel natural to poke around a stranger’s house, but
details like this matter when you’re thinking of purchasing a property.
are new to the area, it may be a good idea to familiarise yourself with the
local area. Consider how long it might take to do the school run, where the
nearest shops are or the closest transport links. Talking to the neighbours may
help you to get a better judgment of the area and community.
property more than once
much to think about, covering all points in just one viewing may not be easy,
so going back for a second viewing is very beneficial. It is possible that you
might have missed something, or on further reflection, the property might not
be as good as you originally thought. Going back for a second look around the
property can either confirm your impressions or change them completely.
not just the property you should be looking at, but the area also. Booking
multiple viewings at different times in the day allows you to get a feel for
the neighbourhood at busier and quieter times. This will ensure that you are
fully aware of your surroundings prior to your move.
Bringing a decent quality camera with you is essential on a house viewing. There is nothing stopping you from taking photos of the property, so we advise you take as many shots as possible. Take videos and photos of each separate room as well as pictures of up-close details. These photographs and videos will be useful to look back on later after you have left the property.
a second pair of eyes with you on a house viewing is important as they may pick
up on something you might have missed. They will be able to offer an alternative
viewpoint on the property and may think of questions you haven’t yet
At Taylor Cole, we understand that investing into a new property can be a huge decision and it is a matter which should be handled in the correct way. Our team of professionals are passionate about selling properties and value the importance of the house viewing process.
Taylor Cole Estate
Agents would be delighted to offer professional advice and support as you
search for a new home. For more advice on buying a property, give us a call on
forward-thinking estate agent based in Tamworth, we have a range of experience
supporting our clients with the moving process. Here are our top tips to
consider when moving home:
Everything is going to plan – you’ve decided to move home and your offer has been accepted as the buyer for a property. Now, to get organised.
As soon as everything is confirmed, you should start planning by writing down what you need to do and when to make a start so that you can be ready ahead of time. When moving into a new home, you usually must be out of your existing place before lunchtime, so make sure you don’t leave everything to last second to avoid unnecessary stress.
alongside your plan, you should start packing well in advance of when you get
the keys to your new property. Break down your packing into reasonable and
manageable amounts so that the task seems less daunting.
also choose to pay a removals company to do this for you as an expert can sweep
the entire contents of your home into boxes quickly and efficiently. If,
however, you want to do it yourself, moving into a new house works as a great
opportunity to have a spring clean. Get rid of anything you haven’t used in a
few years – you won’t need it in your new house.
are packing up your entire life into boxes that all look the same, it’s
essential that you remember to label everything as you go along. We would also
suggest putting the labels on more than one side of the box so that you can see
what’s in them, no matter how they are positioned.
This helps when it comes to unpacking when you are in your new home. Usually, on your first day in your new house, you’ll need tea, cups, bed linen, cleaning equipment and cooking utensils. Having these items labelled clearly will save you going through every box once you arrive at your new property.
a room plan for your new home
worth drawing up a room plan of where all the furniture will sit in each room
of your new home. This doesn’t need to be set in stone, and you can move and
adjust things once you’re in, but it makes it easier when moving your furniture
into the new property. This way, you know exactly what furniture is going to
your bed as soon as possible
your bed set up and made might not seem like the first thing you will want to
do when you get into your new home, but we strongly suggest it is!
appreciate it at the end of your first day when you can climb into bed without
having to do that ‘one more thing’ before you can go to sleep.
As one of Tamworth’s
leading estate and letting agents, we are committed to making matters easier
We understand that moving
home can be a stressful experience, but we believe it should be exciting. This
is why we offer personalised advice and support in helping you secure the
property of your dreams.
Find out more about how
Taylor Cole can support you in moving home by calling us on 01827 311412.
The process is often unfamiliar to many of us, leaving us unsure where to start.
As one of Tamworth’s leading local estate agents, we are here to provide you with 5 essential tips to make your property journey as easy as possible and support you when selling a property and buying another. If, however, you are just getting onto the ladder and buying a property for the first time, we suggest reading 5 Tips for Buying Your First Home.
Getting your property valued
The first and most important step to this process
is getting your finances in order. If you have a mortgage, this step is crucial
to ensure that you have enough money to cover any remaining debt.
By getting a property valuation, you can compare that
figure to the balance on your mortgage and it will provide you with an idea of
the budget you can afford for your new property. If you over-value your property,
you will be looking at properties that are outside of your budget, but if you
under-value it, you may have missed out on some excellent properties because
you weren’t sure that you could afford them.
By working with a professional estate agent such
as Taylor Cole, we will provide you with an accurate assessment of what your
home is worth on the current housing market. With the support of our inhouse
mortgage adviser, we can help you to build realistic plans for your future
based on accurate facts found by our experts.
Listing your current home for sale
An experienced estate agent such as Taylor Cole will list your current home for sale on all major property websites. The value at which your house will be listed as should be informed by the most accurate research and property valuation, however, it’s important to remember that a property valuation is not necessarily the same as the price that your house will eventually sell for.
After listing your property for sale, we will organise all of the property viewings for you. We will also act on your behalf and negotiate the sale of the property between you and the buyer. We understand that this stage can be very demanding, so we aim to make this process as stress-free as possible.
Find your new house
Once we have helped you to get your house up on
the market, you can then begin the process of finding a new home.
While searching for your ideal property, a local
estate agent such as Taylor Cole can get to grips with your requirements and
help you through the process. You will be able to discuss with us what type of
property you would like to purchase, the area where you would like to live, the
accommodation that is going to be important to you and how much you are looking
to pay for your home.
Good communication skills are essential for an
estate agent. At Taylor Cole, we offer a supportive, productive service making
sure we keep in touch with you every step of the way. Finding the perfect home
for you is one of our main priorities, so maintaining excellent communication
makes this process a gratifying one.
Begin the purchase process
When the sale of your current house is going
through and you have found the home of your dreams, you are in the perfect
place to start the process of purchasing your new home. If, however, it hasn’t
quite worked like that – don’t worry.
It may be possible to work with the current owner of the home that you’re looking to purchase to work out a pre-contractual stipulation that states you are waiting for the sale of your existing home to be completed before the purchase process can begin. This essentially allows you as the buyer to reserve the property. At Taylor Cole, we are aware that this can be a competitive period. We are dedicated to securing our customers their desired homes, so we will manage this process for you.
Moving out (and moving in!)
Once an offer on your existing house has been
accepted and you have secured your future property, the final stages of the
moving process will begin. Organisation is crucial in this stage to avoid a
complex transfer. At Taylor Cole, we have 18 years’ worth of experience in
dealing with this process. We aim to align your timeline with the other
individuals involved to avoid a disjointed move with all your belongings.
As you can see, there are plenty of different factors
that you must consider in the sales and buying process. As one of Tamworth’s
leading estate and letting agents, we are committed to making matters easier
for you. We offer a simple and straightforward service, prioritising
communication, honesty and full transparency. Find out more about how Taylor
Cole can support you in the process of selling a house and buying another by
calling us on 01827 311412.
As a forward-thinking estate agent, we have a range of experience to support first-time buyers.
When buying your first property, you are investing in your future. At Taylor Cole Estate Agents, we take a personal and forward-thinking approach to gain a detailed understanding of your requirements of expectations.
are five great tips to outline what to expect when buying your first home:
for a deposit
When buying your first home, the more you save, the better the mortgage deal you can choose from. Some banks and building societies will lend up to 95% of the property value, meaning you will require a 5% deposit.
are a range of savings products geared towards purchasing your first home, such
as a Help to Buy ISA, which could add a 25% bonus to your savings.
advice from our inhouse mortgage advisor
explanations will be given about the financial side of buying your first home.
This includes how much you may be able to borrow, the monthly repayments, the
term of your mortgage and the different options offered by a considerable
number of mortgage providers or lenders. At this stage, you will need to
provide proof of income, which would normally be in the form of a minimum of
three most recent payslips.
your local estate agents, we have an inhouse mortgage adviser who can offer you
full support in finding the right mortgage when purchasing your first home. We
will obtain for you a document which is known as an Agreed in Principle or
Decision in Principle. (This is not a formal mortgage offer). Book an appointment
with our mortgage adviser, who will support you in the purchase of your first
house by calling 01827 311412.
your property requirements with Taylor Cole Estate Agents
a deposit saved and advice obtained regarding your mortgage requirements, you
are now in a great position to start searching for your first home. The
friendly and experienced staff at Taylor Cole Estate Agents will register your
requirements. You will be able to discuss what type of property you would like
to purchase, the area where you would like to live, the accommodation that is
going to be important to you and how much you are looking to pay for your first
will then match your requirements with properties that are available and make
you aware of any other suitable properties that become available. As your local
estate agents, Taylor Cole Estate Agents can organise viewings that match your
this stage, we also advise getting advice and a quotation from a local firm of
solicitors or conveyancers. You will need a legal representative when you have
found your new home, so we are here to help you by providing recommendations.
By working alongside local solicitors and conveyancers, our friendly local
estate agents can organise a no-obligation quotation for you.
we have found your dream home, the next stage is to declare your interest by
making an offer to purchase the property. Once an agreement has been reached
regarding the price you will be paying for purchasing your first home, there
will be a range of information that you need to provide:
of your existing address in the form of a utility bill or bank statement
in the form a passport or driving licence
that you have a mortgage approved in principle in the form of a document known
as an Agreement in Principle or Decision in Principle
will also need to confirm which solicitors or conveyancing company will be
acting on your behalf.
the keys to your new home
process of buying your home can take, on average, between 10 and 12 weeks,
although this can vary. Taylor Cole Estate Agents and your legal representative
will advise you on the approximate time scales before getting the keys to your
As one of Tamworth’s leading estate and letting
agents, we are committed to making matters easier for you. We offer a simple
and straightforward service, prioritising communication, honesty and full
When buying your first property, you are investing in your future. As your estate agent, we take a personal and forward-thinking approach to gain a detailed understanding of your expectations, offer personalised advice and support you in getting the best possible price for your desired property.
Find out more about how Taylor Cole can support you in the process of buying your first home by calling us on 01827 311412.