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A new year move? What you should be prepared for

It’s a new year and for many that is a time to consider moving home, whether you’re looking for something bigger, downsizing or even moving to a new area.

The beginning of the year is traditionally a good time to sell your home, despite the fluctuations in the property market.

When you are selling, first impressions can be important, so make sure windows are clean, the garden is tidy and paintwork is touched up. The same applies inside, an early spring clean will add to the desirability. Make sure the rooms look uncluttered.

Be realistic with your goals

When buying set your budget and discuss your needs with a professional, a local estate agent will be able to advise on market conditions in your area.

When purchasing you could be dealing with those who have to move for family or work reasons. They will realise that they need to negotiate in a sensible fashion, just as you, as a buyer, should avoid the risk of hesitation and lose out on the home you want.

Be prepared

Moving home is an expensive business, so work out your costs. These will include estate agency fees, solicitors’ costs and, in many cases, Stamp Duty Land Tax (SDLT) or stamp duty, although you may be exempt below certain thresholds, particularly if you are a first-time buyer.

A good lawyer is worth the cost as they can save you money, by easing the process if difficulties arise in a chain of buyers and sellers. To speed up a sale, gather together copies of guarantees, planning permissions and building regulations completion certificates for works done to the property and any other documentation that your lawyer says will be necessary.

Arrange your finance

There are several ways to find the home loan that’s right for your circumstances at the lowest possible interest rate available.

A good mortgage broker or financial adviser, with knowledge of the offers available from all lenders, should be able to secure a better loan deal for you.

Need help finding a property and legal advice? Contact us today.

Elizabeth Jennings

Director - Commercial Property & Charities

I joined Mander Hadley in 2004, qualified as a solicitor in 2006 and have focussed on commercial law throughout. I am also a member of Coventry and Warwickshire First and Warwickshire Law Society.

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