This is a recording of the first ever paid members live stream. It was an experiment recorded on Sunday 12 March 2023.
See the video of this podcast here: https://youtube.com/live/YWI8Cx3W_N0
The aim is to provide insights specific to first time buyers, in particular in your dealings with estate agents.
If you don't already have one, I have hand picked a selection of mortgage brokers I trust and you can contact them here: https://mhwc.co.uk/mortgage
If you have any private messages or feedback for me, please message me via the https://buymeacoffee.com/mhwc page.
Thank you for joining me on this journey, I hope I can help!
All the best in the hunt for your home. Charlie
Links from the video:
1. Stamp Duty: https://www.gov.uk/stamp-duty-land-tax
2. Mortgage Brokers, sometimes free, sometimes a fee payable in advance of £200-£500.
My mortgage partners: https://mhwc.co.uk/mortgage
3. CONVEYANCING EXAMPLE SPECIMEN (not a quote!)
Sale of Regional Freehold Property with value c.£300k
Sale:
Legal Fees £ 1,250.00
VAT at 20% £ 250.00
Supplements
Mortgage Lender Fee (If Applicable) £ 100.00
Bank Transfer Fee (Per Transfer) £ 45.00
Enhanced Electronic ID Fee (Per Client) £ 15.00
VAT at 20% £ 32.00
Disbursements
Land Registry Fees £ 6.00
Total (Including VAT): £ 1,698.00
Search Pack (If Required) £ 325.00
If leasehold:
Leasehold Fee £ 350.00
4. Surveyors. Several types:
- A mortgage valuation is a specific type of assessment done by the mortgage lender to help them confirm the property’s value. It’s also used to see if the property will be a suitable security for the loan you’ve applied for. Your lender will usually arrange a mortgage valuation. Some are offered free, typically they start at £250, and can easily reach £1,000 if you're not careful and choosy.
RICS Home Surveys - a highly recommended step. What's the condition of the home?
https://www.ricsfirms.com/residential/moving-home/surveys/rics-consumer-guide-home-surveys/
The 10 step timeline:
1. Deposit Funds in place, with proof.
2. Making the decision to buy (get a mortgage broker now)
3. Knowing what you want.
4. Registering with agents (being prepared)
5. Booking Viewings (line up a conveyancer now)
6. Viewing Properties
7. Making Offers
8. Ag
Support the show
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
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