Thinking of buying in 2018?
If you are thinking that 2018 is the year you wish to purchase a property (especially first-time buyers who can still take advantage of the opportunity of the change of stamp duty for property under £500,000, read more here), there are a number of points that you should consider:
- How much deposit do I need to buy a house? Before looking at properties, you need to save for a deposit. Generally, you need to have a deposit of at least 5% to put down, government schemes such as Help to Buy have helped to increase the choice of mortgages. Borrowers however, pay a premium. Deals become more competitive at 10% or 15% – the greater the amount of deposit you have, the better rates you can get.
- Look at your monthly repayments. When you are looking for a mortgage it is worth speaking to a few banks and building societies as well as mortgage brokers and independent financial advisers who should be FSA Registered. They will assess what level of monthly payments you can afford, after taking into account various personal and living expenses as well as your income. You may wish to check arrangement fees, valuation fees and legal fees.
- Other costs when buying include solicitors, surveys and removal costs (unless you have friends and family who can help move your worldly goods).
- Once you know how much you can afford, and the excitement of looking for your first home, get in contact with V&H Homes and we will look at finding your perfect property.
Merry Christmas from V&H Homes!
This year has been an incredibly exciting one for the company.
Despite an uncertain political climate, V&H Homes has driven ahead to complete its eight year as Ashtead’s top selling Estate Agent. We have built on our successful expansion into Fetcham, Leatherhead and Bookham, and opened a new office in Epsom.
As the company grows, and with continued plans of expansion within Surrey for 2018, we will hold our standards to the highest level and pledge not to fault on our 100% client recommendation rating (allAgents.co.uk). We will continue to work with the philosophy that exceptional customer service is paramount to a successful business. Client satisfaction is our priority.
Merry Christmas and Happy New Year from everyone at V&H Homes!
Budget Announcement: Good News for First Time Buyers!
For first time buyers, now is a wonderful opportunity to look for your first home after the Chancellor announced that stamp duty on properties under £300,000 has been abolished from 22 November 2017.
This means that for a first-time buyer looking at properties for £300,000, who would previously have faced a stamp duty bill of £5,000, will not have to pay anything.
If a property is worth between £300,000 and £500,000 stamp duty will not be paid on the first £300,000; the normal rates of stamp duty on the price above that. This therefore means a saving of £5,000.
So now, if you are a first-time buyer, it is an excellent time to look for your first property. Or if you are thinking of selling a property below £500,000, there will be a higher pool of potential buyers who want your property.
If you have any questions get in touch with the team at V&H Homes and we will be able to give you all the help and support you need.
V&H HOMES: EPSOM EXPANSION
V&H Homes are delighted to announce that we have expanded the business by opening a location in Epsom.
We are now offering a comprehensive Sales and Lettings service to all of Epsom’s residents.
Due to being the market leading agency in Ashtead, V&H Homes already has a strong presence in Epsom and have sold and let multiple properties in the town over the years.
We are very excited at this natural expansion of the company and hope the homeowners of Epsom welcome the company as the individuals living in Ashtead and Fetcham have done so already.
Our forward thinking and experienced team, with a proven track record, is ready to hit the ground running. We will serve Epsom with the same brilliant, independently recognised service as our Ashtead and Fetcham offices.
1 Ashley Avenue
T: 01372 221 670
Monday to Saturday
8.30am – 6.00pm
Epsom – A Wonderful Place To Live
It comes as no surprise to the teams at V&H Homes that Epsom was voted as one of the top ten happiest places to live from a new list revealed by Rightmove in October.
The survey took account of various factors such as community spirit, feeling safe, the friendliness of locals, the amenities and local services available and earing enough to live comfortably.
As a local estate agent, V&H Homes are proud and delighted that Epsom has been recognised in this way.