FAQ's

You are not obliged to carry out a survey on a property, however if you are taking out a mortgage then the mortgage company will want to carry out a mortgage valuation of the property you are buying. The same scenario applies to your buyer. The mortgage valuation is not a full survey; instead it will highlight the general condition and worth of the property and include any comments or recommendations from the surveyor relating to further investigations or reports needed.

The next step up is a Homebuyers report; this will provide a more in-depth report than a mortgage valuation and will include general condition, comments of value and recommendations. A Full Structural Survey also includes a condition report of the fabric of the building and will be more in-depth than the other surveys.

If you are unsure about the condition of the property then you may wish to safeguard your interest by having a survey carried out. We can put you in touch with local surveyors.

Estate agents don’t really sit with their feet up shouting buy/sell to a desperate buyers and sellers with prices increasing by the minute. The skills and benefits of a good estate are hugely underestimated and can make the all the difference in what price you achieve for your property.

Other benefits of using professional estate agents services, such as ours, are giving you security and peace of mind when showing over prospective buyers, not to mention we are able to offer your property to a much wider network of buyers than you can by trying to sell privately.

There are no estate agency fees to pay us upfront, so it is definitely in our best interest to find you a buyer, we are also working on your behalf to get you the best possible price.

Once a buyer is found we are able to qualify the buyer, finance and any chain involved. And once a sale is agreed we use our skills to chase the sale through to exchange and completion. There are many scenarios in house buying and selling that can lead to complications and as your agent we are able to help you through these.

Up to £125,000, no duty is payable.

From £125,001 to £250,000, duty is payable at 1% of the contract price if you have bought or owned a property before. If you are a first-time buyer and have not acquired a leasehold or freehold interest in a residential property in the UK or an equivalent interest anywhere in the world there is no charge for stamp duty for properties up to £250,000.

From £250,001 to £500,000, duty is payable at 3% of the contract price.

Above this, duty is paid at 4% up to £1,000,000.

From £1,000,001 and over duty is payable at 5% of the contract price (from April 2011).

At Molica Franklin we take the service we provide very seriously and are proud to be members of The Property Obudsman. This means greater protection for the customer and a higher level of service received as well as a grievance service should the person be unhappy with the service or conduct.