Making A Offer

 

Making an offer on a property that is on the market with Online Property Uk is easy.

Step 1 -
Call us on 0843 308 3785 and disscuss the criteria of your offer with our team.

Step 2 -
We will then contact the vendor of the property and put forward your offer.

Step 3 -
We will call you back with the result of your offer.

Step 4 -
Depending if your offer has been accepeted or declined we will guide you though the rest of the process of drawing up contracts and dealing with solicitors for you or we can place another offer on the property if your original offer was declined.


If your offer has been declined

In the event that your offer has been declined by the vendor, your account handler will start the negotiation process. This will hopefully end with both parties agreeing on a acceptable figure.


If your offer has been accepted


If your offer has been accepted we will now start the paperwork process.


Deposit

The deposit is usually either 5% or 10% of property value, this is to be agreed with the vendor.


Solicitor's

You will need a solicitor for conveyancing, and to complete the paperwork required to transfer the deeds of ownership. We highly recommend our conveyancing company "My Home Move". They are extremely quick and offer one of the best services we have seen. They do all the conveyancing for Online Property UK and we have not had a poor experience with them yet. Please click here for a link to our page regarding conveyancing.


Stamp duty

This is a tax paid by property purchaser. Its rate depends on the value of the property. Please see the table below.


Property purchase price

Rate

Up to £125,000

0%

£125,001 - £250,000

1%

£250,001 - £500,000

3%

£500,001 - £1,000,000

4%

Over £1,000,000 (from April 2011)
5%


If you have any questions please contact the Online Property Uk Support team on 0843 308 3785

A few points to bear in mind
  • Verbal offers in England and Wales are not legally binding. Any offers must be in writing and signed before they are a legally binding.
  • Verbal offers in Scotland are legally binding.
  • If you decide to pull out of the property sale after you have signed and exchanged contracts you will be in a lengthy and expensive dispute, in which you may still have to purchase the property.