To buy a property with Borricle Estate Agency, you'll typically start by arranging viewings of properties you're interested in through the agency. After finding a suitable property, you'll make an offer through the agency. If your offer is accepted, you'll proceed with legal and financial processes, including conveyancing, surveys, and securing a mortgage. Finally, upon completion, you'll finalize the purchase and take ownership of the property. Throughout the process, your agent will provide guidance and support.

Buying a house in the UK typically involves several steps. Firstly, you'll identify properties you're interested in and arrange viewings. Once you've found a suitable property, you'll make an offer through the estate agent. If your offer is accepted, you'll proceed with legal and financial processes, including conveyancing, surveys, and securing a mortgage. After all legal and financial matters are resolved, contracts are exchanged, and a completion date is set. On the completion date, the remaining balance is paid, and ownership of the property is transferred to you. Throughout the process, your estate agent and solicitor will provide guidance and support.

Securing a mortgage for your new home involves several steps. Firstly, assess your finances to determine your borrowing capacity. Then, compare mortgage options from various lenders. Getting pre-approved for a mortgage in principle can provide an estimate of how much you can borrow. We can recommend trusted mortgage brokers who can assist you in finding the right mortgage for your needs. Once you've chosen a mortgage, submit the necessary documentation to support your application. The lender may arrange a property valuation. Upon approval, review the formal mortgage offer carefully and proceed with the mortgage. Throughout the process, we're here to guide you every step of the way.

When purchasing a property in the UK, you'll need to consider various costs, including:

Deposit: A percentage of the property's purchase price paid upfront.

Mortgage Fees: These may include arrangement fees, valuation fees, and broker fees.

Legal Fees: Charged by a solicitor or conveyancer for handling the legal aspects of the purchase.

Stamp Duty Land Tax (SDLT): A tax paid on properties above a certain price threshold.

Survey Costs: If you choose to have a survey done on the property.

Property Insurance: Buildings insurance to protect against damage or loss.

Moving Costs: Including hiring a removal company.

Additional Costs: Such as Land Registry fees and any repairs or renovations needed.

Be sure to budget for these expenses to ensure a smooth buying process.

In a property chain, multiple property transactions are linked together, where the sale of one property is dependent on the purchase of another. For example, if A is buying from B, B is buying from C, and C is buying from D, it forms a chain. Each buyer's ability to complete their purchase depends on the successful sale of their own property. If any transaction falls through, it can affect the entire chain. Property chains can vary in complexity and length, and managing them requires careful coordination between buyers, sellers, estate agents, and solicitors to ensure a successful outcome for all parties involved.

Freehold Property: When you own a freehold property, you own the property and the land it sits on outright. You have full ownership rights and responsibilities, including maintenance of the property and land. Freehold properties are typically houses.

Leasehold Property: With a leasehold property, you own the property for the length of the lease agreement but not the land it sits on. The land is owned by a landlord or freeholder. Leasehold properties often come with conditions and restrictions outlined in the lease agreement, such as ground rent and service charges. Leasehold properties are more common for flats and apartments.