Buying guide

Joscelyne Chase has been helping people move (in one way or another) since 1777. Our professional team is able to help you find your perfect home in Braintree and the surrounding areas, answer any questions you have about the buying process, and be there for support along the way.

 

 

BE A GOOD BUYER

Here are some hints and tips to what you can do to help speed up the process:

  • Know what you can afford before you start looking – Speak to a mortgage adviser and if applicable, get an idea on what your property is worth
  • Once you find a property you like and an offer has been accepted, arrange to get a ‘Decision in Principle’ from your mortgage adviser, and if applicable, book in your building survey straight away
  • Keep in contact with your solicitors, this helps to ensure that progress is maintained
  • Be aware that you will likely be part of a chain

 

sTAMP dUTY

Rates on your first home (First Time Buyer)

You can claim a discount (relief) so you do not pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.

You’re eligible if:

  • you, and anyone else you’re buying with, are first-time buyers

If the price is over £500,000, you follow the rules for people who’ve bought a home before.

 

Rates if you have bought a home before

Purchase price of property New rates paid on the part of the property withing each tax band
Up to £125,000 0%
£125,001 - £250,000 2%
£250,001 - £925,000 5%
£925,001 - £1,500,000 10%
£1,500,001 and over 12%

 You can find out more about Stamp duty on HMRC Website.