Buying with Michael Tuck
Buying a home is a complex and often a lengthy process and is often considered one of the most stressful things you will do. Here at Michael Tuck Estate Agents in Gloucester we are always on hand to help you every step of the way.
We have created a step by step guide of each stage of home buying, and by being prepared we can help make the process easier.
Common questions our purchasers commonly ask include the following:
How do I prepare to buy a home?
Before you start the process of buying a home you will firstly need to know how you are going to pay for it.
If you are a first-time buyer you will need to save up a deposit, and it is worth at this early stage speaking to a Mortgage Advisor to find out how much you can afford. They will be able to issue you with a “Mortgage Agreement in Principle” which will be useful later in the process.
You may also need to sell your existing home in order to afford your next one.
Speak to your LOCAL Michael Tuck office who can provide you with a free market appraisal of your property and will put you in touch with a “fee-free” independent mortgage advisor.
How do I find a home that is suitable?
Once you have an idea of how much you can borrow, you can start thinking about the area you would like to live in and the kind or property you can afford.
Think about transport links and how close you are to shops, restaurants, pubs, schools and your place of work.
Also think about the type of home that you want to buy.
Considerations will include number of bedrooms, parking, gardens and storage etc..
Now you can register with Michael Tuck Estate Agents and we will keep you informed of any suitable properties that fit your criteria.
Use the property search tool below to see whether Michael Tuck Estate Agents have any suitable properties.
How do I make an offer?
Once you have decided upon the property you want to buy, you can put in an offer.
Mention any points that stand in your favour. For example, if you’re a chain-free first time buyer, or have a “Mortgage Agreement in Principle” already prepared.
Michael Tuck Estate Agents will confirm your offer in writing and put it forward to the vendor.
The vendor will then decide whether to accept, refuse or make a counter offer. We will confirm the outcome to you in writing at stages of the negotiation.
We recommend that you read our “how to make an offer on a house” guide.
How do I get a mortgage?
Once your offer is accepted you will now need to apply for your mortgage officially. We recommend that even if you have a “Mortgage Agreement in Principle”, you should speak to an independent Mortgage Advisor to ensure that you are aware of all of your options and secure the best deal for you.
A mortgage application usually takes at least three weeks but can take longer during busy periods. There will be lots of paperwork involved so it is worth having your bank statements and pay slips to hand to avoid any delays.
Your mortgage advisor will provide you with a mortgage illustration which will outline details of the loan and after a few weeks the lender will issue a formal mortgage offer which will be required to buy the property
Speak to your LOCAL Michael Tuck office who will put you in touch with a “fee-free” independent mortgage advisor.
Read our article “What happens now I’ve had an offer accepted on a house?”
How do I Instruct your conveyancer?
A conveyancer or solicitor will need to be employed to take care of the legal side of your house purchase.
We recommend that you obtain several quotes from local conveyancers who understand the local area and are on hand for you to deliver any documents that are required.
The conveyancer will ensure that you sign all the necessary documents, will arrange all the money transfers, and ensure that the property is transferred into your name.
They will undertake checks on the property called searches to make sure you know exactly what you are buying, the conditions of ownership, where your boundaries are and any other obligations.
Speak to your LOCAL Michael Tuck office who can recommend a selection of local conveyancers.
Why should I arrange a survey?
The mortgage company will arrange for a valuation to make sure the property you are purchasing is worth at least what you are paying for it.
However, you may wish to employ a surveyor to assess the condition of the building and detect any potential problems with it.
Most surveyors provide three levels of survey – a Condition Report, a Homebuyer’s report and a Building Survey. The cost will depend on the location, size and type of property.
What is Exchange of Contracts?
Once the legal work is complete and the funds are in place, it’s time to exchange contracts. You firstly need to need to pay your deposit, which is usually 10% of the purchase price.
This is now the stage in the process where the agreement for you to buy the property is legally binding, so if you pull out of the sale after this then you forfeit your deposit.
What happens on completion day?
Completion day is the day on which ownership of the property officially transfers over to you. The date will usually be agreed in advance which is easier the shorter the chain is.
As soon as the money is transferred to the seller you can collect your keys and move into your new home.
Physically moving into a new property is exhausting work and it is often easier to employ a removals company, especially if you need to be out of your previous property on the same day!
Now comes the much more enjoyable task of starting to furnish and decorate the property to your taste – and maybe even taking a moment to simply relax. You have earnt it!
Preparation and planning are the key to any move, so use our handy moving guide to work through the list of things to do before the big day.
We're always on hand to help
Hear what our clients have to say...
Michael Tuck Lettings in Quedgeley have managed our rental property for the past 11+ years.
During this time their professionalism has never dropped. In the early days, Ian, Graham and Vikki-Lee were a huge help to a novice landlord. I’m pleased to say they are still there with a helping hand. Claire has always been the nudge I needed for the necessary insurance and safety checks. Having had some difficult times over the past couple of years I would like to say a special thank you to Lianne who has been there to help wherever she could.
We are in the process of selling the property and as expected Miles and Otis are dealing with everything with Tucks usual professionalism.
I have no hesitation in recommending this lovely, friendly office.
I cannot recommend Michael Tuck Estate Agents enough.
They were so professional and so prompt with their communication. In particular we would like to mention Charlie for his regular updates and extremely helpful service in the sale of my mothers house. We were in a particularly long chain, and he went over and above to assist us in the communications between the buyers and sellers in order for our chain to proceed. He even contacted Solicitors and helped progress the exchange.
“We are certain if it wasn’t for him we wouldn’t have sold our house! We cannot thank him and his team enough.”
Miles has gone above and beyond to ensure buying our first house has been a smooth process. He has offered clarification and reassurance at all steps of the journey, making us feel like valued clients.
“We would recommend Michael Tuck Estate Agents.”
Michael Tuck New Homes in Gloucester assisted us selling three phases of our development in Kingsway, Gloucester.
“All of the staff were very professional and knowledgeable sales people who represented our company as if it were their own.”
If we were to need help selling our homes in the Gloucester ara again they would be the first phone call i’d make.
Tony and John, Abbeymead branch, supported us during very difficult circumstances (and we don’t just mean Covid!)
The same applies to other staff when answering queries etc.
“They were unfailingly courteous and returned phone calls and emails promptly.”
I have been a customer of Michael Tuck Lettings in Abbeymead for coming up to 2 years now.
I would like to highlight Kurt and James for there forever ending support and excellent communication. Their joint efforts have filled me with confidence in the ability to keep my family safe in a home we love.
No matter the complexity or need they are always on hand to support and come to some form of reasonable resolution.
For this reason I would recommend Michael Tuck to all my family and friends and will hopefully continue to stay a customer of Michaels Tucks until I purchase my own home. Thank you
“Being a contact centre manager I know how important customer service is and I must say that Michael Tuck has not disappointed.”
Miles and the team have been brilliant from start to finish during the sale of our house.
Miles especially went above and beyond with sales chasing when I think most other people would have probably given up! Really happy with the service.
“Such a friendly and professional team and nothing was too much trouble.”
I was recommended Michael Tuck Estate Agents in Abbeymead by a friend, thank you friend!
I would like to say a big thank you and well done to the team who are very friendly, helpful and have taken the strain out of what was a fairly long house sale.
Special thanks go to Chloe and Tony for their positivity and Chloe thank you for your good humour which lifted me during the long process!
“I would highly recommend them for a first class service”
Michael Tuck Lettings in Abbeymead have been a fantastic letting agents looking after our house for the past 17 years.
We have recently sold the house with the sales department. Kurt has looked after us incredibly well during the 17 years of lettings and Tony, Andy and Chloe have made the selling very easy. Thank you
“The staff are professional, approachable and easy to contact.”
I have recently bought and sold through the Gloucester branches and cannot praise Miles and the team highly enough.
In what has been a very testing time for the industry, Miles and all the staff have worked tirelessly in my purchase and even more so my sale.
Thoroughly recommend Tucks every time. Special thanks to Otis. Thank you guys it’s been an absolute pleasure.
“Their drive and communication skills have been amazing.”