Selling the property
How much will it cost me to sell a property?
The cost involved in selling your property consists of:
Energy Performance Certificate
It is a legal obligation to obtain an Energy Performance Certificate (EPC) before advertising your property. Here at Copperstones.net, we can arrange this legally required document on your behalf at a cost of £120 (including VAT).
Estate Agent Commission
Commission fees are payable once the agent sells your property and contract is signed. This is charged as a percentage of the sale price +VAT.
Legal fees for the conveyancing process vary from solicitor to solicitor.
Where are my Title Deeds?
Title Deeds are proof of ownership of your property. Bank or Building Society hold the Title Deeds, if you have mortgage. Your solicitor can get the Title Deed to give copy to your buyer.
Who will conduct viewings on my property and when?
Estate agents conduct viewings during their opening hours. However, estate agents can arrange occasional viewings to cater to serious buyers. It is advisable to choose estate agent who can also manage viewings on other than office hours – to maximize the chance of quick sale.
Do I need to be present for viewings?
If your chosen estate agent is accompanying viewings and they have access to your property as well – your presence is not required. We accompany all viewings.
When do I have to move out?
On the completion date, when the keys are released you will have to move out. Moreover, it can also be mutually agreed by both parties.
Do I have to pay Stamp Duty?
No, the buyer is responsible for paying the stamp duty.
Do I have to pay Capital Gains Tax on the property?
If you are selling a property that is your main home, you would not have to pay tax on it as long as you fulfil certain conditions. However, if you are selling a property that is not your main home, it is likely you will have to pay Capital Gains Tax.
Renting the property
What kind of references do I need to get in tenancy?
For a long-term tenancy period, you will be asked for a previous landlord, bank, and job reference.
For a short-term tenancy (especially for corporate clients), you will be asked to produce proof of ID for those staying at the property and a letter from the company.
For short let, you will be required to produce proof of address and either your passport, national ID card or driving licence.
Who is responsible for contacting the utility companies after I move in?
As a tenant, you are responsible for setting up accounts with the utility companies when you move and upon leaving. You should also note down the meter readings at the beginning and end of the tenancy.
How do I pay for my rent?
For long-term tenancy, you will be asked to set up a monthly standing order with your bank. For short let, you will be asked to pay full rent in advance.
What happens if I get late in paying rent?
Tenants will have to convey the delay in rental amount to the Tenancy Management team. Arrears letters will be issued, if rent remains unpaid 5 days after it was due. Interest will be charged until payment is made.
How will my payments cease at the end of tenancy?
You will have to contact your bank directly to cancel your standing order, once the last payment has left your account.
What should I do with the keys at the end of tenancy?
Until and unless you receive specific instructions from landlord – keys will be given to Copperstones office. Make sure you have returned all sets of keys and obtained a receipt and do it on the last day of your tenancy.
When is my deposit returned to me?
Once you have vacated the property, the property has been cleaned to a standard and we have received instructions regarding the deposit from the landlord – the money will be returned to your account, less any agreed deductions.
This usually takes 10 working days and mostly no more than 28 days.