Frequently Asked Questions

Weather damage, wear and tear or problems resulting from not maintaining the property adequately.

Once the property is built, the warranty is split into two periods: • The defects insurance period covers the first two years if any issues with the builder's work such as the windows letting in rain because they are not sealed properly or the heating not working because the pipes are faulty, the builder is obliged to come and fix them. • A structural insurance policy lasts for 10 years from the date your purchase is completed.

Your newly built home should have a 10-year warranty registered with the National House Building Council (NHBC), Local Authority Building Control Warranty (LABC) or Premier Guarantee. In most cases, coverage begins when contracts are exchanged. It includes protection for your deposit as well as insurance against any major defects such as foundations, external render, load-bearing parts of flooring, etc.

This is the fee collected to maintain the grounds and includes services such as gardening, litter picking and general grounds maintenance.

If a lease specifies peppercorn ground rent, it usually means that the leaseholder must provide the freeholder with one peppercorn each year as their rent. In reality, that means the leaseholder pays zero ground rent. This is symbolic, and it's legally accepted as the rent being paid. The peppercorn has no cash value, and the freeholder cannot demand any other payment. This type of rent is sometimes referred to as 'nominal' ground rent.

Freehold – You own the property and the land it is built on for as long as you want. Leasehold – You own the property for a set period of time under a lease (lease period), but not the land it is built on. Land ownership belongs to the original owner/freeholder.

Shared ownership is a government scheme which supports first time buyers to get on property ladder. Buyers are able to purchase a share of the property with a lower whilst paying the rent on the remaining shares. Overtime, buyers are able to their shares according to their affordability.

This is a government scheme which allows first time buyers to purchase a new build in England 30% less than the market value. On average, this will save a new approximately £100,000.

A real estate agent can help you find homes within your budget, arrange your viewings and negotiate with sellers. Entralon real estate agents have in-depth knowledge about your area and can save you time and money by narrowing down your best possible options.

In a real estate transaction, the agent is usually paid by the developer so there is no additional fee for Entralon service.

There are several factors to consider when purchasing a property. For instance the of the purchase (if it is an investment or relocation), your affordability, your circumstances (such as schools, parks, parking). However, there are three factors to pay attention to: -​ Great Location -​ Easy commute -​ Affordability

A major advantage of buying off-plan is the potential for price appreciation. A property's value increases as the project progresses and construction is completed. Buyers can benefit from significant returns on their investment.

• Being able to customize a brand-new home is one of the most exciting aspects of buying a new one. Generally, new homes are decorated with neutral colors, fixtures, and fittings, allowing for considerable personalization. A second-hand property often requires a complete overhaul of the previous owner's tastes and quirks in order to achieve the same result.Construction controls and regulations are usually much better in new homes - especially when compared to houses built before the 1980s. • Furthermore, many developers offer the option to choose kitchen cabinets, wall colors, and flooring when it comes to buying a property before it's finished - known as booking off-plan in the trade. • An initial few years of maintenance are pretty much free with a new build due to a 10-year master build guarantee. • The energy efficiency of new homes tends to be much higher than that of most second-hand homes. This significantly reduces monthly running costs, as a poorly insulated property will result in much higher energy bills.

Yes, most of the developments are negotiable. Besides that, you can get some incentives such as furniture pack / parking space/ legal fees contribution , etc

Depending on your mortgage eligibility, some lenders require 10-25% deposit. If are a first time buyer, there are government schemes available to lower this amount.

Generally, you need to live in the UK for three years if you wish to get a UK mortgage. Having a three-year address history gives you a reliable and traceable credit history, which is the standard amount.

Although an expat can still get a UK mortgage while living abroad, it can be more difficult because being based overseas can make it harder for lenders to verify your earnings and credit history.

A mortgage is a type of loan to finance a property. The majority of people are not wealthy enough to purchase a house in total. Thus, a mortgage serves as a secure loan that comes with a fixed interest rate and gets paid off over 15 or 30 years. If need be, you can refinance their mortgage and payments in the future.

1) Organize your finances and discuss it with your mortgage advisor. 2) Property search and viewings. 3) Once you find the right property, it is time to send an offer forward to the developer. 4) Legal and financial check that will last for 4-6 weeks. 5) Exchange. Contracts are signed by each party and the deposit (usually 10-25%) is transferred from the buyer’s solicitor to the developer’s solicitor. 6) Completion is official upon the transfer of the remaining money (usually 75-90%) from the buyer’s solicitor to the developer’s solicitor.

The absolute first step for your client is to get DIP (Decision in Principle) to know your affordability