Register with us
It will be Robert Aston & Company’s pleasure to assist you in buying your new home, whether it is to be your own residence or for investment purposes. Our knowledgeable agents will be happy to discuss your requirements in detail if required. If you are new to, or unfamiliar with our area, and want a little help and guidance, then simply ask and we can point you in the right direction. All staff live locally so we can advise on all aspects whether it be public transport links, schooling, events or simply where the best restaurants are! We might not have your dream home or ideal investment right now, but that can quickly change, in which case make sure you simply register your details with us now for instant property alerts:
Do you have a property to sell first? Not sure where to start? If you need to sell your existing home or another property in our area then we would be pleased to provide you with a free valuation. Book a valuation here. Why not take a look at our Seller’s Guide too?
What can I afford?
Making well informed financial decisions is crucial, especially when purchasing a property is usually the largest financial commitment in someone’s life. Robert Aston & Company can introduce you to a local financial adviser so that you can formulate a budget and assess the mortgage market for you.
Making an offer
Do not necessarily be surprised or offended if your first offer is rejected. This is very common and a negotiation process will need to take place. In the event that multiple offers are received for a popular property you may be asked to submit a ‘best and final offer’. If this is new to you we will give you specific guidance on what information is required and when, to ensure you are able to make your strongest offer.
Your offer is accepted
Once we have given you the good news (you can now take a deep breath!) we will need you to provide proof of funds (bank statements, mortgage agreement in principle etc). and confirm which solicitors you will be using. Once we have been able to verify your ability to proceed we will confirm the sale in writing to all parties.
Instruct a solicitor
If you have not already got a solicitor in mind to act for you we can make an introduction to a reputable local firm if you wish. We feel it is always good to use somebody who is recommended to you, whether it be from us, friends, family or a colleague.
The conveyancing process in a nutshell
Once a sale is agreed there is much for the buyer’s and seller’s solicitors to do. In very simple terms:
Starting the process
This typically takes on average around 12 weeks depending on the circumstances but can vary. We are keen to assist with making the transaction as smooth as possible so do not hesitate to contact us as often as you like if you require any assistance or updates. Your solicitor will arrange searches typically of the local authority and local water authority as well as raise enquiries with the seller’s solicitor in relation to the title documents and other relevant information relating to the property.
What does the seller’s solicitor do?
A draft contract will be sent to your solicitor initially then they will answer any enquiries raised by your solicitor.
What about my finances?
If you require a mortgage (you are not alone - the majority of buyers do!) an application to your lender will be submitted and processed, a mortgage valuation survey (or more in depth Homebuyer’s or Building Survey if you require one) carried out and then a formal mortgage offer issued. Sometimes surveyors may also recommend further specialist reports (such as timber and damp, electrical etc.) depending upon their findings.
When do I become legally committed?
Once all the paperwork is completed and both buyer and seller are happy the solicitors exchange contracts and the deposit it transferred to the seller’s solicitor. This is the point at which the sale becomes legally binding on both parties.
Completion of the sale
The balance of the monies are paid to the seller’s solicitor. Once they confirm receipt of this too us (usually towards the middle of the day) you have become the new legal owner and we can release keys to you! We hope that you will be very happy in your new home!
Buy to let
Property represents a popular investment choice in the UK. The motivations of investors will vary but most typically seek to generate some pension income coupled with capital appreciation. It is therefore wise to view buy-to-let investment as a long term strategy.
As both estate agents and letting agents Robert Aston & Company are well placed to advise on suitable properties to buy to let, the best areas to choose that attract tenants, what work needs to be done to meet current design trends and legislative requirements, as well as a realistic rental figure.
A varying range of percentage annual gross yields (annual rent divided by purchase price) are available in South Birmingham. We have expert knowledge to guide you on the likely running costs and void periods of your investment meaning you can budget based on a more realistic net yield. The requirements of today’s tenants are high, so we advise all prospective landlords to ensure they budget for providing a good quality of finish in terms of decoration, flooring and fittings. Dealing with tenants every day, we know what their needs and tastes are so can advise on how to get the maximum rent and speed of let from your buy to let investment property.
"Thank you very much for all your assistance Louise. It has been a very smooth process and I have been very grateful to be with you and Matthew for this tenant move. We have had endless poor experience with agents with the other property we own elsewhere. There has been no comparison!"