FAQ's - UK Sales

UK Sales FAQ's

What we’re often asked about buying in the UK.

After bereavement or getting married, finding and buying a home is life’s third most stressful experience.

One reason is that much of the process is unseen. While agents and lawyers talk, vendors and buyers feel “out of the loop”. It’s why we encourage clients to ask as many questions as they need to. You’ll find some popular ones below.

 

We are first-time buyers and looking at mortgages. Can we ask an estate agent for mortgage advice?

Legally, estate agents aren’t allowed to offer mortgage advice of any kind. What we can do, though, is recommend an independent mortgage adviser who will be happy to talk over your requirements and circumstances.

What is gazumping?

Gazumping happens when the vendor of a home accepts an offer from a higher bidder, even if they have agreed to sell it to you. Unfortunately it’s perfectly legitimate, though there are plans to make it illegal in the near future.

We are buying a Victorian property. Will we need a surveyor?

Any home bought with a mortgage undergoes a survey commissioned by the lender. But if the property is old or you are planning to change it, we fully recommend you engage an additional structural surveyor. Our recommended list covers most of London, and the RICS offers a free search throughout the UK.

We know what to look for in a home, but what should we look for in an agent?

Make sure they belong to the National Association of Estate Agents (NAEA) and the Estate Agents’ Ombudsman Scheme (EAOS). Both strictly regulate their members and can legally order them to compensate dissatisfied customers.

We want to sell our home with its carpets and curtains. Should we tell the agent?

Absolutely. Your estate agent should request a list of every fitting (or chattel) included in the asking price. Many buyers ask for one.

To buy or sell, who do we speak to at Petermans?
Call Howard Peterman, Darren Goodman or Mark Weiner at our Edgware office on 020 8958 5040, or Wendy Peterman or Paul Kelly in Herne Hill on 020 7733 5454.