Letting agents Estate agents in Palmers Green N13, North London Estate agent & Lettings
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Property for sale in Golders Green

Buying A Property, first step

At Stoneview we listen to all of your requirements.

We have a range of houses and apartments for sale in North London
Our experienced team take time to understand your individual needs including time constraint and finances. Using our 20 years combined experience we are able to source and offer you a high standard of selected properties that meet your personal requirements and needs.

Our experienced staff don’t just help you find the right property for you; we’re here to guide you through step by step process from legal, financial and moving milestones along the way.

We offer:-
A full accompanied viewing service available.
All properties have a selection of external and internal photos, location map and floor plans
All our online property details include down loadable property brochures, map view, street view, and information about local schools, healthcare services and public transport facilities and local amenities.

Exciting first steps
Purchasing your new home will probably involve the biggest investment you make in your life. Most people buying a home take on a major financial commitment via a mortgage. Positive action starts with being well informed. If you know what to expect you will be able to handle any problems that arise and that goes for the future as well.

Searching for the right Property

You can search for properties on our web site www.stoneview.co.uk, or you can call into our office in Palmers Green and take advantage of our experienced team to help find a property that meets your requirements. Our professional team are always on hand to help you and to keep you informed of the latest properties available for sale.

Viewings

We understand that it's important to organise viewings at times that suit you. Therefore we offer viewings 6 days a week including evenings and weekends to ensure that you can view the property at a time that is convenient for you. All viewings will be accompanied by a Sales representative.

Mortgages


Finding the right mortgage to suit your own circumstances can be daunting, with so many lenders, schemes and rates available, where do you start? Initial consultation we do not charge up-front fees. More importantly, we're not tied to any lender and using specialised sourcing systems, we can find you the right deal to keep more money in your pocket.

Our fully qualified in house mortgage advisers will provide you with advice on the best product to suit your circumstances and will explain and guide you through the house buying process from when you start looking, to completion. As we are fully independent we can provide advice on the whole of the mortgage market helping you choose from a wide range of schemes, products and lenders available and as we are independent, we even have access to deals that are not available elsewhere. We can provide you with a mortgage approval in principle so you know the maximum you can borrow before you start looking for a property and best of all we do not charge any fee for our mortgage advice*.

We provide independent advice for:
• First Time Buyers 
• Buy To Let 
• Re-Mortgages 
• Mortgages 
• Credit Impaired 
• Self Certification 
• Equity Release 

Making an offer

Once you have found a suitable property you need to make an offer on how much you are willing to pay. It's important not to be over enthusiastic and you must consider how much you can really afford based on mortgage calculations and any equity you may have in an existing property. You must also consider all the other costs that will be involved in buying your home such as solicitor's fees, insurance and moving costs. Once the vendor has accepted your offer you should instruct a solicitor to start the buying process. We have various solicitors that we highly recommend and work alongside with.


Costs to take into consideration

Stamp Duty Land Tax was introduced in December 2003 and replaces the old stamp duty on purchases of apartments, houses and other land and buildings.

The Tax is payable only by buyers (not sellers) and is calculated as a percentage of the total purchase price of the property and is graded into bands.

The current bands for the tax year 2012/2013 are
Up to £125,000 Zero
Over £125,000 to £250,000 1%
Over £250,000 to £500,000 3%
Over £500,000 to £1 million 4%
Over £1 million to £2 million 5%
Over £2 million from 22 March 2012 7%
Stamp Duty Land Tax is paid on the whole value of a property, so if you buy a property costing £251,000, you would pay £7,530 not just the amount over the threshold as you would do with income tax. This jump means if your property costs £250,000 you will pay £2,500, if it costs £250,001 you will pay £7500.03.
The sudden leap in bills occurs at each of the thresholds.
Also you need to take into consideration solicitor’s fees and disbursements.
Fees range between £1200 to £3500 including disbursements depending on the type of property your buying (these prices are only a guide and a quote should be obtained before commencing the purchase process) 

Disbursements are:
• Local Authority search
• Council search
• Drainage and water search
• Environmental search
• Land registry search
• Land charges search 
• Land registry fee
• Free hold notices (only if purchasing a lease hold property)

Valuation/Survey

This is normally the time to apply for your mortgage with your financial advisor.
Depending on the type of house you are buying your mortgage lender may require more than just a mortgage valuation. A homebuyer’s survey is a more in depth report and may highlight more potential problems that you may otherwise be unaware of. You may also choose to undertake a full structural survey although this is usually on a more period property. Any issues highlighted may affect the lenders ability to issue a mortgage offer and also highlight expensive problems to you before you purchase the property.

Conveyancing
This is the legal term for transfer of ownership of the home. It is undertaken by your solicitor and the vendor’s solicitor and involves ensuring the seller has the legal right to sell the property, checking that no-one has right of way through it and that there are no land disputes.

Your solicitor should carry out the following 
liaise with the vendors solicitor and obtain Draft Contracts, these are drawn up by the vendor's solicitor. It will answer some initial questions regarding the property i.e. what is remaining in the property, where the boundaries are and what is included as part of the sale. Once results of the Land Registry Search and Local Authority Search have come back and any queries regarding the property have been answered, the draft contracts are approved by your solicitor.

Mortgage Offer, this is important, without a formal mortgage offer you cannot proceed unless you are buying the property as a cash buyer. The offer will be sent to your solicitor for your signature and approval.
Local Authority Search
Your solicitor will submit a Local Authority Search to the local council that you will pay a fee for. This is important as it will highlight any potential issues regarding the property such as planning permission and any other local issues such as potential developments in the area.
Registry Search
This gives you information on the following aspects of the property you are about to buy including

A description of the property 
• Who owns the property
• If the property has a mortgage 
• Previous purchase price (if registered since 1st April 2000)
• Any rights of way
• Any other conditions or restrictions such as restrictive covenants.

Exchange
When exchange takes place the buyer usually puts down a 10% deposit. After this the seller and buyer are legally committed to the deal. If the buyer pulls out, for whatever reason, they lose their deposit.
The sales contract is signed by both you and the vendor and the deposit is transferred or paid by your solicitor to the vendor's solicitor. The date is then set for completion.

Completion
Once the exchange has taken place then completion generally happens a few days or a couple of weeks later. This is dependent on your circumstances and any other parties involved in the house buying chain. On the date set any monies owed are transferred from your solicitor's account to the vendor's account. Once the monies have been received you can collect the keys and you are the legal owner of your new house.
As the buyer of the property, you are responsible for completing the land transaction return and paying the stamp duty.
However, in practice, your solicitor will usually handle this for you and send it to HMRC on your behalf.
You should check that all the information on the form is correct and complete before signing the declaration.

Removals
Make sure that once you know your completion date you book your removal service as soon as possible. At busy periods removal services can be booked up and it's important that you ensure that you can rely on a reputable firm to help you move house. See below on moving tips

Insurance
Make sure that you have all the necessary insurance policies in place for the day that you are moving into your new house. Contents are particularly important and you may want to consider insuring your contents with the removal firms so that any breakages during the move are covered before the move.

• Arrange to get your mail re-directed. Application forms for a minimum of 6 months re-direction service are available from your local post 
office. 
• Send change of address forms to: credit cards, change accounts
and subscriptions. 
• Advice: friends, relatives, your bank, building society, insurance
company, Inland Revenue, employer, Council Tax office and DVLC of
your change of address. Not forgetting your doctor, dentist, optician and the children's
schools. 
• Read meters and inform the utilities of your move. 
• Call you telephone company and disconnect you land line.
• Arrange supplies to your new home - electricity, gas, oil, telephone, milk and
newspapers - providing written instructions on dates. 
• If you have kitchen appliances that require professional re-connection. 
• Make arrangements for the appropriate electrician, plumber or fitter to call on moving day or the day after if possible. 
• Pets can get in the way on removal day - consider booking them into the kennels/cattery for the day. 
• Defrost refrigerator and freezer. 
• Confirm moving date with the removal company. 


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