Buying a Home Frequently Asked Questions
We've created some frequently asked questions below, but if there's anything that you'd like further advice or assistance about, please contact our sales team.
Before you choose a new home, it’s a good idea to find out exactly how much you can afford. You will need to know how much you have to invest into the home and how much you need to borrow. We can put you in touch with a Financial Advisor who can help you with this and start the ball rolling with mortgage application.
In addition to the cost of your new home you will need to consider Stamp Duty, Land Registry fees, Local Authority search, mortgage lender fees and solicitors costs.
You should also take into account the running cost of your new home including gas, electricity, council tax, water rates, ground rents [if the property is leasehold], service charges [for a leasehold flat] and insurance costs for the building and its contents.
A Financial Advisor will be able to discuss your affordability with you.
Normally, as a minimum you’d need a 5% deposit to be able to buy a new home. Buying schemes like Help to Buy can assist with the purchase but it’s best to discuss all financial options with a Financial Advisor to find the best deal or scheme for you.
Our sales team will be able to guide you through the home buying process to make it as simple and straightforward as possible. We’ll be on hand every step of the way to ensure that you know what is required of you and when and to give you regular updates on the progress of your purchase.
We understand that sometimes, for a variety of reasons, a new purchase needs to be cancelled. If you change your mind at any point up to the legal exchange of contracts or missive in Scotland, then we will need confirmation in writing of this. We may withhold part of your reservation fee if you do choose to cancel.