
Frequently
asked questions.
Frequently asked questions
As all our homes are in England you will need to pay Stamp Duty and Land Tax (SDLT) if the home you’re buying is £125,000 or over unless you are a first-time buyer which means you don't have to pay any SDLT on a property up to £300,000. The amount you pay does depend on the value of your property as it is worked out on a percentage of your purchase price.
Even if the property you’re buying is newly built, your mortgage provider may still ask you to arrange for an independent survey of the property in addition to the mortgage valuation that you will need in order to secure a mortgage.
There are three main types of surveys with varying costs so it’s important to choose the right one for you.
You’ll need to appoint a solicitor to act on your behalf. They will handle the ‘conveyancing’ for you (transferring the title of the home legally to you), as part of the process they will:
Check the lease and speak to your mortgage lender and our solicitors
Carry out searches
Check all the paperwork and mortgage are in place to allow you to buy your new home
To help the process go as smoothly as possible, make sure that the solicitor you choose has experience with Shared Ownership. If you need any help with suggested solicitors, please speak to your sales negotiator. Once you’ve found a solicitor, we’ll send your solicitors and ours a Memorandum of Sale, which summarises the purchase of your home and allows our solicitors to send draft documents over to your solicitors.
