Why UK

Population of 66 Million
Official language is English
Advanced telecommunication network
Diverse and multicultural environment
Cyprus Flag Image
Stunning landscape
Highly developed infrastructure
Variety of cuisines
Gorgeous countryside
Transparent culture

Help to buy scheme

The government has created the “Help to Buy” schemes including Help to Buy, Shared Ownership and Help to Buy: Equity Loan which is intended to help people purchase their own home.

Shared Ownership: If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

Help to Buy: Equity Loan the government lends you up to 20% (40% if you’re in London) of the cost of your newly built home. You pay a deposit of 5% or more and arrange a mortgage of 25% or more to make up the rest. You won’t be charged interest on the 20% (or 40%) loan for the first five years of owning your home.

Frequently Asked Questions

With a simple scroll through our site, when you find a property you are interested in, make a note of the code number and contact us. Our professional team of experts can guide you in finding the best suitable property for your needs, following a process which is effective and transparent.

1. Can non-UK residents buy property in the UK?

In general terms, yes as a foreigner you can buy property in the UK, even if you are not a UK resident. This means, buying property in the UK as a foreigner is easier if you are a cash buyer – i.e. do not need to apply for a mortgage or additional borrowing as there is a procedure in order to apply for such a mortgage.

2. How can a foreigner buy property in UK?

Property acquisition is not legally restricted for expats in UK. Non-UK residents or foreigners can apply for mortgage in UK. However, those with less than two years of residency in the UK and without a job may face more stringent requirements and require a larger deposit.

3. Is buying a house in London a good investment?

Buying property in London is a great investment. Historically London has always performed better than the of the cities in UK territory.

4. What is Stamp Duty?

Stamp Duty Land Tax (SDLT) is a tax payable to the government on all property purchases over the value of £500.000 until 31/3/2021. This is eligible for first time buyers or previously owned a property. More information is available online at www.gov.uk/stamp-duty-land-tax .

5. What’s the difference between freehold and leasehold properties?

A freehold means you own the property and the land it is built on, for an indefinite period of time. Leasehold is a property you own for a specific amount of time, but it does not include the land it is built upon.

6. If a Lease is running low at what point should it be increased and what is the process?

In case a lease is below 80 years unexpired when you seek to extend it then as part of the price you have to pay what is known as a marriage value to the freeholder. By law you will not be eligible to compel a lease extension until you have owned the property for two years but that doesn’t stop the freeholder agreeing to give you one in the meantime. A solicitor is required to handle all the legal documentation for extending the lease. A valuer or chartered surveyor is then required to put a value on the lease extension; a fixed fee is normally charged to prepare this report. Usually 90 years are set for lease extension, added to the remaining lease years, and fees are highly depended on the remaining years of lease, the property value and ground rent price.

7. How long does it take to buy a property?

It’s quite common for everything to take several weeks from first viewings to picking up the keys, and it can sometimes run into months depending on several factors such as if you will apply for mortgage, etc. If for instance the property you’re buying is vacant and you don’t need a mortgage, you could complete the sale or purchase in just a few weeks.

8. Do I need a solicitor?

Choosing the right solicitor I similar to select a suitable pair of trainers, you need to feel comfortable to use them, they need to provide the right amount of support, and they need to be able to keep pace with what your situation needs. A solicitor will undertake all conveyancing work including handling contracts, requesting searches, dealing with Land Registry and agreeing on a date for exchange of contracts. A good solicitor will keep you updated and support you throughout the whole buying process. Delfi Real Estate sets high priority to the security of our customers, hence through our highly qualified and experienced staff you can access to conveyancing services, something very important to ensure you go through the house buying process as smoothly as possible.