Property Sales

Thamestone's professional and reliable investment advisory team

Thamestone Real Estate has experience in developing first-hand real estate in the UK. The team comes from top international investment banks and consulting companies, including experienced overseas investment market consultants and property management experts, and is equipped with senior Chinese and English legal and financial advisers

Purchase process

 
 
 
 
 

Step 1

1. Professional search and property match based on client request

Understanding individual client's budget and property needs, we communicate and assist clients in comprehending the UK/London real estate market. Our team also provide support to client in preparing the necessary documentation for sales and conveyancing. Our real estate professional would then conduct a thorough All-of-Market property searches while screening properties to find the most suitable matches available for clients.

Step 2

2. Negotiate Final Sales Agreed and Deposit Settlement

After confirming client’s purchase intention for a particular property, we negotiate the final sales price with supplier/ seller. The stage where both parties agreed on a price is called “Sales Agreed”, client is then required to settle deposit with supplier where applicable.  

 
 
 
 
 
 
 
 
 
 

Step 3

3. Property Evaluation, Surveyor / Home Buyer Report, Loan/ Mortgage Application

If buyer requires a mortgage or bank loan, a property evaluation would need to be arranged at this stage. With the Sales Agreed property address and value, buyer shall contact their bank or hire a broker to apply for the mortgage.For non-new built properties, we highly recommend buyer to order a Surveyor Report/ Home Buyer Report that would indicate defects, general condition, features and other considerations such as safety, location, environment and insurance about the property concerned.

Step 4

4. Engaging Legal Professional (Local Solicitor) and Prepare Funds

At this stage buyer shall appoint a solicitor for sales conveyancing, and prepare the down payment and fees for the property, fees including stamp duty (overseas buyer additional +2%), solicitor fee, surveyor report etc. All property transactions in the UK are required to be in The Pound Sterling GBP, should overseas buyer required to exchange currency, it shall be arranged in this stage.

 
 
 
 
 
 
 
 
 
 

Step 5

5. Agreement and Deposit - Exchange

After all government searches, surveyor reports and evaluation, the buyer and seller shall be ready to enter an official sales agreement, solicitors of both parties would prepare the sales agreement for signatures respectively. At this stage the buyer is required to pay a previously agreed 5% - 10% of the property sales price as deposit. If the property sales happen before the built completion, the deposit shall be paid right after the price negotiation and Sales Agreed stage. This stage is known as “Exchange” in the industry.

Step 6

6. Completion and Handover

Completion in general happens around 28days after “Exchange”. The exact date of completion can be confirmed by both parties. Buyer shall notify the bank or lender the agreed date for the remaining fund transaction. After the Completion, the buyer will get the key to the property.

 
 
 
 
 
 
 
 
 
 

Step 7

Entrusted Solicitors

The self selected real estate buying and selling lawyer or acquirer handles matters such as checking, verifying and paying various expenses. Whether the bank loan or the source of funds is proved, it must be confirmed by the lawyer.