Guide to buying a home

Your Path to a Smart Property Purchase

Buying a home is a significant milestone, and at Armaani Estates, we make the process simple, transparent, and stress-free. With our fixed-fee pricing and expert support, you can navigate the property market with confidence, whether you're a first-time buyer or an experienced investor.

Understanding the Key Costs Involved

Before diving into your property search, it’s crucial to understand the financial aspects of buying a home. At Armaani Estates, we provide a clear breakdown of costs so there are no hidden surprises.

Essential Costs to Plan For:

• Deposit – Typically 5-10% of the property price, depending on your mortgage lender and loan type. A higher deposit often results in better mortgage rates.

• Stamp Duty Land Tax (SDLT) – A crucial cost that varies depending on property price and buyer status.

  • First-time buyers: No SDLT on homes up to £425,000, and a reduced rate up to £625,000.

  • Standard buyers: SDLT starts at 5% for properties over £250,000.

  • Additional properties: A 3% surcharge applies to buy-to-let and second homes.

• Mortgage Fees – Includes lender arrangement fees, valuation fees, and broker charges. Some lenders offer fee-free deals, while others may charge up to £2,000.

• Survey Costs – Helps assess the property's condition, with options like:

  • Basic Valuation (£250-£500) – Required by lenders but limited in detail.

  • Homebuyer Report (£400-£1,000) – Covers structural issues, damp, and defects.

  • Full Structural Survey (£600-£1,500) – Essential for older or unusual properties.

• Legal & Conveyancing Fees – Covers essential property checks and contracts, typically costing £800-£2,000.

• Anti-Money Laundering (AML) Checks – A legal requirement to verify identity and prevent fraud, costing around £50-£150.

• Moving Costs – Hiring professional movers, renting a van, or temporary storage solutions can cost £500-£2,000, depending on distance and volume.

We offer personalized financial guidance to ensure you're fully prepared for every cost involved in buying a property.

Finding the Right Home

Once you have a clear budget, the next step is identifying your ideal property. Armaani Estates gives you early access to exclusive properties, helping you secure the best opportunities before they reach the broader market.

Tips for a Successful Property Search:

• Register for early alerts – Gain access to new listings before they go public.

• Assess long-term potential – Look at factors like expansion possibilities and resale value.

• Visit at different times – Understand traffic, noise levels, and the community atmosphere.

Viewing Properties & Making an Offer

When viewing homes, it's important to look beyond aesthetics and focus on key structural and functional aspects. Our property consultants provide expert insights to help you make informed decisions.

Key Aspects to Evaluate:

• Structural Condition – Look for signs of damp, cracks, or subsidence.

• Plumbing & Electrics – Check water pressure, heating systems, and wiring.

• Local Amenities – Consider schools, transport links, and future developments.

• Natural Light & Space – Ensure the property meets your lifestyle needs.

Submitting an Offer

With our market expertise and negotiation skills, we help you make a competitive offer. If multiple buyers are interested, we develop a winning strategy to enhance your chances.

Navigating the Legal Process

Once your offer is accepted, legal procedures begin. Armaani Estates collaborates with trusted conveyancers to ensure a smooth and efficient transaction.

Key Legal Steps:

• Conducting property searches and due diligence.

• Reviewing and finalizing contracts.

• Handling deposit payments and preparing for the exchange of contracts.

Having a strong legal team ensures a seamless purchase with no unnecessary delays.

Finalizing Your Home Purchase

Even after an offer is accepted, several steps remain before you officially own the property. We guide you through this process to ensure everything proceeds smoothly.

Crucial Next Steps:

1. Conduct Property Surveys – Verify the property's condition and value.

2. Complete Mortgage Arrangements – Finalize documents and secure approval.

3. Request the Property Be Taken Off the Market – Prevent competing offers.

4. Ensure All Legal & Financial Checks Are Cleared – Avoid last-minute complications.

Exchange, Completion & Moving In

Exchange of Contracts

At this legally binding stage:

• Your deposit is paid (typically 5-10% of the purchase price).

• A completion date is set, usually within a few weeks.

Completion Day

• Final funds are transferred.

• You receive the keys to your new home.

• Your solicitor registers your ownership with the Land Registry.

Why Armaani Estates?

• Fixed-Fee Pricing – No hidden costs, complete transparency.

• Exclusive Property Access – Gain an edge with early listings.

• Expert Negotiation & Support – Guidance at every step of the process.

• Personalized Service – A dedicated consultant ensuring a smooth journey.

Start Your Home-Buying Journey Today!

Let Armaani Estates simplify your property purchase. Contact us today and take the first step toward securing your dream home!