Frequently Asked Questions (FAQ)

Welcome to our Property FAQ section! Whether you’re buying, selling, renting or letting, we understand the property process can be complex. Here are answers to the most frequently asked questions in the UK property market.

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🏡 For Buyers

1. How much can I afford to spend on a house?
Your affordability depends on your income, outgoings, credit score and deposit size. Use online mortgage calculators and speak to a broker or lender to get a clearer picture.

2. What is the process of buying a property?
Typically: Get a mortgage in principle → View properties → Make an offer → Offer accepted → Conveyancing & surveys → Mortgage offer → Exchange contracts → Completion.

3. How much deposit do I need?
Most lenders require at least 5%-10% of the property’s value. A larger deposit may get you a better mortgage rate.

4. What are the additional costs when buying a house?
These include stamp duty, legal fees, mortgage fees, surveys, moving costs, and potential repairs.

5. How long does it take to complete a house purchase?
It usually takes 8-12 weeks from offer to completion, but this can vary.

6. What does ‘under offer’ or ‘sold STC’ mean?
It means the seller has accepted an offer, but the sale isn’t legally binding yet.

7. Do I need a mortgage agreement in principle before viewing?
It’s not essential, but having one shows sellers you’re a serious buyer.

8. What should I look out for when viewing a house?
Check structural condition, damp, windows, roof, plumbing, and location. Always consider getting a survey.

9. What is a homebuyer’s survey and do I need one?
A survey highlights issues with the property. It’s advisable, especially for older or non-standard homes.

10. Can I make an offer below the asking price?
Yes, you can. Your offer should reflect market conditions and the property’s condition.

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🏠 For Sellers

1. How much is my house worth?
Ask an estate agent for a valuation or compare with similar properties on the market and sold prices in your area.

2. When is the best time to sell my house?
Spring and early autumn are traditionally popular, but demand varies by location and market conditions.

3. What can I do to increase my home’s value before selling?
Simple upgrades like fresh paint, decluttering, tidying the garden, and small repairs can help. Kitchens and bathrooms add the most value.

4. How long will it take to sell my property?
It depends on location, market conditions and pricing. On average, 8-14 weeks from listing to completion.

5. Should I use an online or high street estate agent?
Each has pros and cons. High street agents often offer more hands-on service; online agents can be more cost-effective but lack in customer service and outcome.

6. How much do estate agents charge?
Typically 0.75% to 3% of the sale price, plus VAT. Online agents may charge a fixed fee.

7. What documents do I need to sell my house?
You’ll need ID, title deeds, EPC, property information forms, and planning/building consents if applicable.

8. What happens after I accept an offer?
Solicitors start the conveyancing process, including searches, contracts, and arranging exchange/completion.

9. Can I switch estate agents if I’m not happy?
Yes, check your contract for notice periods and any sole agency tie-ins.

10. Do I need an EPC (Energy Performance Certificate)?
Yes, it’s a legal requirement for most property sales and should be available before marketing.

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🏢 For Landlords

1. What are my legal responsibilities as a landlord?
You must ensure the property is safe, habitable, and complies with gas, electrical, and fire safety regulations. Also, register deposits and provide documents like the “How to Rent” guide.

2. How do I find good tenants?
Use professional referencing services, credit checks, and interview prospective tenants or use a reputable letting agent.

3. Should I use a letting agent?
If you lack the time or knowledge to manage your property, a letting agent can handle tenant find, rent collection, and property management.

4. What type of tenancy agreement should I use?
The most common is an Assured Shorthold Tenancy (AST), usually for a fixed term of 6-12 months.

5. What is the tenant referencing process?
It includes checking credit history, employment status, income, and previous landlord references.

6. Do I need landlord insurance?
While not legally required, it’s highly recommended. It can cover building damage, loss of rent, and liability.

7. What are the rules on deposits?
Deposits must be protected in a government-approved scheme within 30 days of receipt. Tenants must be notified of the scheme used.

8. Can I increase the rent during a tenancy?
Yes, but only in line with the agreement or by mutual consent. Otherwise, wait until renewal or serve notice.

9. How do I evict a tenant legally?
Follow the correct legal procedure, typically by serving a Section 21 or Section 8 notice. Legal advice is recommended.

10. What maintenance am I responsible for?
Structural repairs, heating systems, electrics, water supply, and safety compliance are the landlord’s responsibility.

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🏣 For Tenants

1. What checks do I need to pass to rent a property?
You’ll undergo referencing, credit checks, employment/income verification, and may need a guarantor.

2. What is included in my rent?
This varies. Some include bills, others don’t. Always check the tenancy agreement.

3. What are my rights as a tenant?
You have the right to live in a safe home, protection from unfair eviction, and to know who your landlord is.

4. How do I get my deposit back?
Leave the property in good condition. Disputes are handled via the deposit protection scheme if necessary.

5. Can I decorate or make changes to the property?
Only with the landlord’s written consent. Some agreements may prohibit it entirely.

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Still have questions? Get in touch – we’re always happy to help guide you through your property journey!