This is a recording of the first ever paid members live stream. It was an experiment recorded on Sunday 12 March 2023.
See the video of this podcast here: https://youtube.com/live/YWI8Cx3W_N0
The aim is to provide insights specific to first time buyers, in particular in your dealings with estate agents.
If you don't already have one, I have hand picked a selection of mortgage brokers I trust and you can contact them here: https://mhwc.co.uk/mortgage
If you have any private messages or feedback for me, please message me via the https://buymeacoffee.com/mhwc page.
Thank you for joining me on this journey, I hope I can help!
All the best in the hunt for your home. Charlie
Links from the video:
1. Stamp Duty: https://www.gov.uk/stamp-duty-land-tax
2. Mortgage Brokers, sometimes free, sometimes a fee payable in advance of £200-£500.
My mortgage partners: https://mhwc.co.uk/mortgage
3. CONVEYANCING EXAMPLE SPECIMEN (not a quote!)
Sale of Regional Freehold Property with value c.£300k
Sale:
Legal Fees £ 1,250.00
VAT at 20% £ 250.00
Supplements
Mortgage Lender Fee (If Applicable) £ 100.00
Bank Transfer Fee (Per Transfer) £ 45.00
Enhanced Electronic ID Fee (Per Client) £ 15.00
VAT at 20% £ 32.00
Disbursements
Land Registry Fees £ 6.00
Total (Including VAT): £ 1,698.00
Search Pack (If Required) £ 325.00
If leasehold:
Leasehold Fee £ 350.00
4. Surveyors. Several types:
- A mortgage valuation is a specific type of assessment done by the mortgage lender to help them confirm the property’s value. It’s also used to see if the property will be a suitable security for the loan you’ve applied for. Your lender will usually arrange a mortgage valuation. Some are offered free, typically they start at £250, and can easily reach £1,000 if you're not careful and choosy.
RICS Home Surveys - a highly recommended step. What's the condition of the home?
Follow me on X for daily updates: https://x.com/moving_charlie
🎥 Charlie's Golden rules videos for
Buyers: https://www.youtube.com/watch?v=h6T-uZ28a80
Sellers: https://www.youtube.com/watch?v=W9oR28aWLOs
Offering: https://www.youtube.com/watch?v=iZaDs7uZ5Hw
🎥 Playlist of FTB advice - https://www.youtube.com/playlist?list=PLKomt2RI3JYnJ3imNEWjKGkszf_bzqDfe
📧 E-mail template for cash offers - https://mhwc.co.uk/email-templates/suggested-email-offer-template-for-cash-buyers/
📧 E-mail template for FTB mortgaged offers - https://mhwc.co.uk/suggested-email-template-for-first-time-buyers-making-an-offer-with-a-mortgage/
💰Speak to Charlie’s recommended mortgage brokers - https://mhwc.co.uk/mortgage/
🧑⚖️ Get a quote from Charlie’s recommended conveyancers - https://mhwc.co.uk/conveyancing/...
