Whether you’re buying a new property or selling your current one, getting your finances in order is the first step towards a smooth and successful move. A clear understanding of the costs involved helps you plan effectively and removes uncertainty from the process.
At David James, we believe preparation is everything. This straightforward guide covers the key financial considerations for both buyers and sellers, so you can move with confidence.
For Sellers: Key Financial Steps
The journey begins with understanding your home’s current market worth, which is why we offer a free, no-obligation market appraisal. It’s also wise to contact your lender for a mortgage redemption figure to know the exact amount needed to clear your existing mortgage upon sale.
When budgeting, you’ll need to factor in solicitor and estate agent fees. Remember, if your property requires a new Energy Performance Certificate (EPC), we can supply this free of charge. To make things easier as you plan for moving day, we can also recommend trusted local contacts for removal services.
For Buyers: Getting Ready to Purchase
Being financially prepared puts you in the strongest possible position. Through our partners at Your Mortgage Shop, we offer a free mortgage consultation with their independent advisors. They can find the most competitive product for you and secure an Agreement in Principle (AIP) to show sellers you’re a serious buyer.
Once you know your borrowing potential and have a clear figure for your deposit, you can calculate the Stamp Duty you will need to pay. Don’t forget to also budget for solicitor’s fees and a property survey; our team can recommend trusted local surveyors to assist you.
A clear financial picture makes the entire property journey less stressful. By planning ahead, you can focus on the excitement of finding your next home.
Ready to start planning your move? Get in touch with our team today for expert advice!
Your home may be repossessed if you do not keep up repayments on your mortgage*