Acquiring your new London property
Buying a property for sale in London is one of the most exciting decisions anyone can make. The city has world class homes befitting its world class status, and many of the most exquisite properties are sold through Hanover. Let our passion for property and unrivalled local knowledge match you with your new London residence.
Our guide to buying a property in London
Step this way for first opportunity...
Some of the best homes for sale in Central London and the West End never make it to the open market, as negotiations take place between buyers on a waiting list and the acting estate agent. One of the best tips for buying property is to register with estate agents directly and not just the portals. Buyers registered with Hanover are assured first option on some of the capital's most coveted properties. We recommend making contact with us as soon as possible.
A gem of a property may already be waiting
We will discuss your buying position, establish your budget and arrange a valuation of any London property you may have to sell. If your purchase is dependent on a mortgage offer, it is wise to have this agreed in principle before viewing any properties.
With such a wealth of stunning properties in the areas we serve, it is helpful for us to know your ideal location, size of property and preference for architectural style. With this in mind, we begin our search; we may just have your dream home in our current portfolio.
Buying with a mortgage?
If you are buying a property using a mortgage, a lender will want assurances that you can afford the repayments now and in the future, should economic conditions change.
If you are buying a property with cash, we will require proof of funds either through your bank or a solicitor.
Don’t forget additional fees
The purchase price is not the only cost when buying a property. Factor in to your budget removal, stamp duty and legal fees.
The property search starts today
With a highly respected name in the London property market, many vendors come to Hanover first when selling. We represent an exclusive portfolio of homes for sale in Marylebone, Mayfair, Knightsbridge, St John’s Wood, Hampstead, Maida Vale and other prime neighbourhoods, with new listings coming online all the time. Once we have your property requirements, we can send you details of properties that meet your needs and satisfy your checklist.
Putting buyers in pole position
Hanover uses its expert negotiating skills to reach a mutually acceptable offer. Discretion is at the heart of everything we do including negotiations. All offers are formalised in writing to the seller and once an offer has been agreed, a Memorandum of Sale will be issued to all parties involved, including solicitors.
It’s worth remembering the sale will be influenced by the buyers' circumstances, the timescale of the vendor, how the purchase is financed and if any items are included within the sale of the property.
Shedding light on the legals
The solicitor will carry out necessary searches (local, environmental and ownership), review the contract and prepare any other vital paperwork. If financing with a mortgage, your lender may require a surveyor to confirm the property you are buying is structurally sound and worth the agreed price.
There are three levels of survey to choose from, depending on how thorough you want the inspection of the property to be. Hanover will closely monitor this stage of buying a property to maintain momentum and keep the transaction on track.
It’s all yours: exchange and completion
Contracts will be exchanged once all the above is complete and both buyer and seller are satisfied. Your deposit will also be transferred to the seller’s solicitor at this stage. There could be a serious financial and legal consequence should either party withdraw from the transaction after exchange has taken place. The moving date usually coincides with completion, when all monies - including any home loans - have cleared with the seller’s solicitor. Only then will the keys be released by the agent to the new owner.
Hanover has helped hundreds of people purchase London properties and we would be proud to assist you in your search for a new home. Browse our list of property for sale in London, or contact us today for buying advice.