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At NLT properties we understand that the London sales market is not only unique but fastest moving and competitive , we therefore see it as important to ensure all data, provided is accurate advice and up to date. This allows us to provide current, clear and considered advice to our clients.
The Buying &
We use a wide range of media platforms to maximise exposure for our clients’ properties. Through online media, National Web portals, website traffic. Allowing us to generate hundreds of enquiries every week.
We are committed to providing a high level of service to our clients. Find out more about selling your property or buying a property with NLT properties. In addition to residential sales, we offer a wide range of related services, including:
- Financial Services
- Serviced Accommodation
- Deal Sourcing
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Costs involved in selling a property
There are a number of costs associated with selling a property, some of which are outlined below:
Energy Performance Certificate (EPC): EPCs are compulsory with the sale of a UK home, and can only be awarded by accredited professionals. The assessment and resulting certificate typically cost between £60 and £120.
Estate agent’s fee: Fees can vary depending on which agent you instruct and whether you instruct them on an exclusive or multiple agent basis. Some agents may be prepared to negotiate depending on circumstances. VAT will be added, so to estimate this expense calculate the fee based on the asking price of your property, and add a further 20%.
Property solicitors fee: Solicitors fees can vary depending on a number of factors. If you are buying a new home at the same me, using the same solicitor for both transactions can have financial and administrative benefits. Some solicitors will charge by the hour, while others, will charge a flat fee.
Current lender’s fee: if you have an existing mortgage and require a new one, the early termination of your old mortgage may incur administrative fees, or early repayment fees.
Removal and storage costs: if you are selling the property that you presently live in, there may be removal or storage costs when it comes to vacating
Professional cleaning: you may wish to have your property professionally cleaned before potential buyers begin to view the property.
Repair work: completing any repairs in advance will incur an immediate expense but can save money in the long term. When market demand is high, however, a number of minor issues become far less significant.
Rental costs: If you live in the property you are selling, a buyer may want to move in before you have been able to buy your next home. If the prospective buyer is unwilling to wait, you may decide to rent a property while you continue the search for your next home.
Bridging loans: if you need to move quickly on the purchase of the new property before the sale of your previous property has gone through, a bridging loan may provide a way to cover the deposit, whilst you are waiting for the proceeds from that sale. Bridging loans can be arranged relatively quickly, and while the interest rate and arrangement fees may be higher than that you would pay on your current mortgage, there is generally no tie in periods and they can provide a helpful short term solution.
Capital Gains Tax: if you are selling a property that you do not live in, then you may have to pay Capital Gains Tax.
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