Buying a Home or Property

Here at Oyster Properties, we have helped a huge number of buyers to find their perfect new home or investment. Our experienced and dedicated team of experts use their in-depth knowledge to match buyers with just the right property. 

Many of our buyers come back to us when it’s time to move again so we know that looking after you is important. We are confident that you will find buying through us a great experience and we look forward to helping you find your next new home.

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Communication


Open and honest communication is essential to ensure a stress free and successful completion so we keep our buyers fully informed at all times.

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Accompanied Viewings


We are always happy to accompany you on viewings and will pass on all offers and feedback to sellers, honestly and without prejudice.

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Support


Our friendly and helpful team are on hand to answer your questions and help guide you through the purchasing process.

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Your Needs


We want your purchase to be successful so we take extra care to make sure we get everything just right.

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Trusted Recommendations


We can also offer impartial advice on instructing a solicitor and recommend several local and trusted mortgage advisors

Finances

The very first step to buying your new home is to understand your finances. It is worth finding out how much you can borrow or get a mortgage in principle as it will influence your property search. We can recommend a mortgage broker who has access to the entire market, as well as exclusive deals and rates to help find you the best mortgage available.

Property search

Now for the exciting bit of choosing your new home. You can filter your search for homes on our website by price, location, size and more.

By registering your details with us we will have a clear understanding of your requirements. In return you will be sent a selection of properties that match your criteria. We will also keep you constantly up-to-date via email and SMS alerts when the latest properties become available.

You will also find all our properties listed on the property portals below:

Viewings & Offer

Our offices are open 6 days a week – Monday to Friday (9:00am – 7:00pm) & Saturday (10:00am – 4:00pm). Additionally we have a phone service operating out of hours making it easy to contact us.

Our flexibility and independence allows us to work carefully around your schedule making it convenient to view properties after work and on weekends. Our trusted experts shall accompany you to view every potential home lending you support and advice when needed the most.

Once you have found the home you love, we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage arrangements as well as deposit funds). If there are a number of buyers willing to proceed with the purchase of the property, you might be invited to take part in a sealed bid.

Remember there are no legal obligations until contracts are exchanged.

Offer accepted

Once your offer is accepted by the seller we will:

  1. Ask you to confirm your solicitor’s and mortgage broker’s details
  2. Prepare a Memorandum of Sale
  3. Write to all parties to confirm the agreed price and conditions of the transaction

At this point you will need to instruct your solicitor to begin the conveyancing process and your mortgage broker to proceed with your mortgage application (should you require one)

A survey for the property will be booked on behalf of the mortgage lender to identify any structural problems and advise on the property’s value. Generally there are 3 types of survey reports which you can choose from:

  • Mortgage Valuation – This is a basic report designed to determine whether the amount to be loaned by the lender is secure and also deals with the basic condition of the property.
  • HomeBuyers Report – This survey is to provide a more in depth report which will assist the buyer in making an informed decision whether the agreed price reflects the actual value and condition of the property.
  • Full Structural Survey/ Building Survey – This survey is comprehensive and includes technical details of the construction, materials and condition of the property. It also illustrates the full spectrum of any defects that the property may have, giving relevant recommendations to the purchaser.

Exchange of Contracts

Once the legal work is complete, your solicitor will request deposit funds (usually 10% of the purchase price) to be transferred to their account in order to proceed with the exchange of contracts. 

On the date of completion the full amount for the property will be transferred from your mortgage lender to the Seller. Once solicitors confirm completion has taken place  we will invite you to collect the keys for your new property from our offices.

Congratulations you are now a proud home owner!

+ Step 1

Finances

The very first step to buying your new home is to understand your finances. It is worth finding out how much you can borrow or get a mortgage in principle as it will influence your property search. We can recommend a mortgage broker who has access to the entire market, as well as exclusive deals and rates to help find you the best mortgage available.

+ Step 2

Property search

Now for the exciting bit of choosing your new home. You can filter your search for homes on our website by price, location, size and more.

By registering your details with us we will have a clear understanding of your requirements. In return you will be sent a selection of properties that match your criteria. We will also keep you constantly up-to-date via email and SMS alerts when the latest properties become available.

You will also find all our properties listed on the property portals below:

+ Step 3

Viewings & Offer

Our offices are open 6 days a week – Monday to Friday (9:00am – 7:00pm) & Saturday (10:00am – 4:00pm). Additionally we have a phone service operating out of hours making it easy to contact us.

Our flexibility and independence allows us to work carefully around your schedule making it convenient to view properties after work and on weekends. Our trusted experts shall accompany you to view every potential home lending you support and advice when needed the most.

Once you have found the home you love, we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage arrangements as well as deposit funds). If there are a number of buyers willing to proceed with the purchase of the property, you might be invited to take part in a sealed bid.

Remember there are no legal obligations until contracts are exchanged.

+ Step 4

Offer accepted

Once your offer is accepted by the seller we will:

  1. Ask you to confirm your solicitor’s and mortgage broker’s details
  2. Prepare a Memorandum of Sale
  3. Write to all parties to confirm the agreed price and conditions of the transaction

At this point you will need to instruct your solicitor to begin the conveyancing process and your mortgage broker to proceed with your mortgage application (should you require one)

A survey for the property will be booked on behalf of the mortgage lender to identify any structural problems and advise on the property’s value. Generally there are 3 types of survey reports which you can choose from:

  • Mortgage Valuation – This is a basic report designed to determine whether the amount to be loaned by the lender is secure and also deals with the basic condition of the property.
  • HomeBuyers Report – This survey is to provide a more in depth report which will assist the buyer in making an informed decision whether the agreed price reflects the actual value and condition of the property.
  • Full Structural Survey/ Building Survey – This survey is comprehensive and includes technical details of the construction, materials and condition of the property. It also illustrates the full spectrum of any defects that the property may have, giving relevant recommendations to the purchaser.
+ Step 5

Exchange of Contracts

Once the legal work is complete, your solicitor will request deposit funds (usually 10% of the purchase price) to be transferred to their account in order to proceed with the exchange of contracts. 

On the date of completion the full amount for the property will be transferred from your mortgage lender to the Seller. Once solicitors confirm completion has taken place  we will invite you to collect the keys for your new property from our offices.

Congratulations you are now a proud home owner!

Lets work to find a home you love!

Take a look at our properties so we can help you find a home that you will love.

What they say about us!

Mortgages

Buying a new home is one of the biggest financial commitments many of us will ever make and knowing where to start in arranging the finances can be puzzling. It could be for your first home, looking to move up the ladder, investing in a buy-to-let property or re-mortgaging; we can help you get in touch with a broker to find the right mortgage scheme that suits your needs. Remember the types of mortgages available are changing daily, as are the criteria lenders use to determine how much they will lend and to whom. For more information please visit the official Government webpage

Stamp Duty

When buying property or land in England, Northern Ireland and Wales if the property is over £125,000, a ‘Stamp Duty’ is applicable. Since April 2016, an additional 3% stamp duty must be paid on second homes and buy-to-let properties. Once you have bought a property the change in land ownership has has to be legally registered at the Land Registry office. To be able to complete this you will require a certificate from HMRC showing you have paid the Stamp Duty therefore it is essential that you understand the cost before buying your new home. Stamp Duty is also applicable to overseas buyers. Fortunately for you this is something your solicitor will be taking care of for you ensuring you do not miss any deadlines. For more information relating to stamp duty please visit the official Government webpage.

The new Stamp Duty rates are based on the property price within each tax band:

Help to Buy

Whether you’re a first time buyer or you’re moving on from your existing home, with the Help to Buy schemes, you can buy a new home with just a 5% deposit. There are currently two Help to Buy schemes in England and Wales – ‘Equity Loan’ and ‘Mortgage Guarantee’. For more information visit the official Government Help to Buy website.