Wilkinson Byrne Buyers Guide.

To enable you to unravel the complexities of buying your home, we have set out below an overview of the main procedures involved.

  • Property Guides

We recognise that the purchase of your home is probably the most important and expensive transaction you are likely to undertake in life. But it’s also one that a lot of first time buyers may have little or no understanding of. While we’ll be on hand to guide you through the process, it is worth knowing the basics going in, so that you can be one step ahead.


Registration

The first step is to register your details and property requirements with us. You can do that in a number of ways, by email, over the phone, in person at one of our offices or by completing our online registration form.

Once registered, you are then in a position to receive timely updates from us via email or SMS about properties that match your criteria which we think you might like to view.

 

Viewing

When you have found a property you would like to view our friendly team will make the arrangements. You can request a viewing directly from the property details pages on this site or by calling one of our offices. If there are multiple properties you would like to see back-to-back calling is recommended. At this point we may also suggest other properties similar to those you have chosen that you might like to view at the same time.

 

Mortgages

In order to speed up your house buying process, it is advisable wherever possible; to get a mortgage agreed in principle before any final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers.

 

Stamp Duty

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England. The current SDLT threshold for residential properties is £250,000. This changes on 1 October 2021. If you buy a property for less than this threshold, there’s no SDLT to pay, but you may still need to send an SDLT return for the transaction. From the 1 October 2021 the new threshold will be £125,000.

You can calculate how much Stamp Duty you will have to pay using the government Stamp Duty Calculator.

First-time buyers

From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:

  • You, and anyone else you’re buying with, are first-time buyers
  • The purchase price is £500,000 or less

BUYER REVIEWS.