Frequently Asked Questions

Q: How long does it take to buy a property?

A: Buying a property usually takes between eight to twelve weeks, depending on the length of the chain.  Rest assured that when you buy a house with Sherlock Homes, our sales team are always at hand to answer any questions and ensure that the sale is as smooth and pain free as possible.

 

Q: How do I view a property?

A: Please contact our dedicated sales team to view a property.  View the properties as soon as possible. Leave it too long and you could lose out.

 

Q: What is the difference between leasehold and freehold property?

A:

Freehold
This means that you fully own the property. As a freeholder you will have full responsibility for the maintenance and repairs of the property.

Leasehold
This means that you own the property for as long as is specified in the lease; you are granted the right to live there by the freeholder. At the end of the lease the property again becomes the possession of the freeholder. Many leases are originally granted for up to 999 years, but existing leases on properties are usually shorter.

 

Q: How do I get a mortgage?

A: The advice and guidance of a good broker is essential. The mortgage marketplace is a confusing maze. A good broker can really save you money and most brokers do not charge up front fees, generally being satisfied with the procuration fees paid directly to them by the lenders. We do not offer a mortgage brokerage service but are happy to introduce clients to brokers we have worked with in the past and who we have found to be efficient and friendly.

 

Q: How do I make an offer on a Property

A: It's human nature to try to strike a deal, but if you find your ideal home and it seems to be priced correctly, consider offering the full asking price.  To make an offer or discus making an offer on a property, please contact our dedicated sales team.

 

Q: What does "exchange of contracts" mean?

A: The legal formalities of domestic house sale and purchase usually fall into two parts those leading up to "exchange of contracts" and those following exchange up to "completion" of the transaction.

 

Two identical contracts are drawn up - one to be signed by the seller and the other to be signed by the buyer. When both sides are ready to commit to sell and to buy, the two signed contracts are dated and swapped over between the solicitors. At this point the contract becomes binding which means there is no turning back. At the same time as exchange the date for "completion" is agreed. Completion is the date on which the keys and deeds are handed over in return for the purchase monies and the buyer can move in.