When purchasing a property, costs go beyond the asking price. Buyers should budget for Stamp Duty Land Tax (SDLT) (if applicable), solicitor and conveyancing fees, mortgage arrangement fees, property surveys, valuation fees, removal costs, and potential renovation expenses. If buying a leasehold property, you should also check service charges and ground rent.
The average time to complete a property purchase in the UK is 12–16 weeks, but this can vary depending on factors like mortgage approval, conveyancing delays, property chain complexity, and local authority searches. Cash buyers can sometimes complete within 4–6 weeks if there are no major complications.
Yes, non-UK residents can buy property in the UK, but mortgage options may be more limited. Some UK banks offer mortgages to international buyers, though they often require a larger deposit (typically 25–40%). Additional legal and tax considerations, such as Non-Resident Capital Gains Tax (NRCGT), may apply when selling.
To speed up your sale:
If your buyer withdraws before contracts are exchanged, you won’t be able to claim compensation unless a non-refundable deposit agreement was in place. You can relist the property, consider approaching other interested buyers, or review your pricing and marketing strategy to attract new offers quickly.
When listing a property, UK law requires sellers to provide:
Properties listed on Rightmove, Zoopla, and OnTheMarket receive wider exposure, leading to faster sales. However, high competition means pricing and presentation are crucial. Listings with professional photos, virtual tours, and clear descriptions tend to attract higher offers and sell faster than those with poor-quality images and limited details.
If your agent is not meeting expectations, check your contract for notice periods and termination clauses. You can:
Estate agents in the UK must comply with The Property Ombudsman (TPO) Code of Practice, so you can escalate complaints if needed.
If your buyer withdraws before contracts are exchanged, you won’t be able to claim compensation unless a non-refundable deposit agreement was in place. You can relist the property, consider approaching other interested buyers, or review your pricing and marketing strategy to attract new offers quickly.
Yes, estate agent fees are not fixed and can often be negotiated. Typical fees range from 1% to 3% (plus VAT) of the final sale price. Sellers can negotiate:
Always clarify what the fee covers, such as professional photography, online listings, and property viewings.
To ensure your agent maximises your property’s sale price:
Compare listings
ComparePlease enter your username or email address. You will receive a link to create a new password via email.