Acres Estate Agents in the West Midlands

Over the past 12 months, interest rates have played a pivotal role in shaping the UK property market. Following an unprecedented period of rapid increases throughout 2022 and early 2023, the Bank of England has since adopted a more cautious and stabilising approach in response to changing inflationary pressures and economic uncertainty. As we move through the second half of 2025, both homeowners and investors are keenly watching for any signals about the direction of monetary policy and what it might mean for the housing sector.

Where Are Interest Rates Now?

As of July 2025, the Bank of England base rate sits at 4.25%, unchanged since early spring. After peaking at 5.25% in late 2023, the Monetary Policy Committee (MPC) began gradually trimming the rate as inflation showed signs of slowing. The steady decline in headline inflation—down from 10.1% in March 2023 to around 3.2% today—has reduced the urgency for aggressive tightening, allowing the Bank to begin cautiously easing the pressure.

Although rates remain historically high compared to the ultra-low levels seen in the 2010s, stability in recent months has brought a level of predictability back to the housing and mortgage markets.

The Last 12 Months: Cooling and Adjustment

The sharp rise in interest rates from late 2022 into mid-2023 had an immediate and dramatic effect on the housing market. Mortgage affordability was stretched, borrowing costs surged, and buyer sentiment cooled. Lenders responded by tightening affordability checks, while buyers recalibrated their budgets. As a result, house price growth slowed significantly and, in some regions, declined modestly.

In areas such as Four Oaks, Sutton Coldfield and parts of North Birmingham generally, where property values and average mortgages are higher, the impact was particularly noticeable. Many would-be buyers adopted a “wait and see” approach, while some existing homeowners faced difficult remortgage scenarios as fixed-rate deals expired and monthly repayments increased.

However, by early 2024, the market began to show signs of recalibration. Sellers became more realistic on pricing, demand stabilised, and mortgage lenders introduced more competitive products, particularly for five-year fixes. While transaction volumes remained below the five-year average, the sense of panic that characterised late 2022 had dissipated.

The Current Mood in the Market

Now, midway through 2025, confidence is returning—albeit cautiously. Buyers and sellers are becoming more accustomed to a “new normal” in mortgage rates, with many lenders now offering five-year fixed deals in the 4.5–4.75% range, and some dipping below 4% for those with larger deposits.

Mortgage advice Oct 24 USE

Mortgage Rates:

These vary depending on factors like loan-to-value ratio, term, and whether the rate is fixed or variable. For example, a 2-year fixed rate mortgage with a 75% LTV is around 4.34%, while a 5-year fixed rate with the same LTV is about 4.38%

This period of relative rate stability has encouraged both first-time buyers and existing homeowners to re-engage with the market. Here at Acres this Spring and early Summer we have seen increased viewing numbers and sales, with lenders are seeing improved levels of mortgage approvals compared to this time last year. While the market remains harder there is renewed movement and signs of recovery.

The Next 12 Months: What Lies Ahead?

The key question now is: where do rates go from here?

Market analysts are broadly expecting further, gradual base rate reductions over the next 12 months—provided inflation continues to decline and wage growth remains contained. Some forecasts suggest the base rate could fall to 4.0% or even 3.75% by mid-2026, depending on economic performance and global trends.

Such a move would be welcomed by borrowers and could help to stimulate more activity in the housing market, particularly among first-time buyers. However, policymakers remain cautious. The Bank of England has been clear that any loosening of monetary policy will be measured, to avoid reigniting inflationary pressures or creating instability in the financial system.

Additionally, geopolitical factors—including wages increases, global trade disruptions, and energy markets—may yet play a role in shaping economic policy and, by extension, interest rates.

Implications for the Property Market

If rates begin to fall incrementally in 2026, the property market is likely to respond positively. We could see a modest rise in house prices, particularly in more affordable regions where affordability metrics are more favourable. Increased mortgage availability and improved sentiment could bring more stock to the market, improving supply-demand balance.

That said, we’re unlikely to return to the heady price growth of the early pandemic years. What we can expect is a more sustainable, steady market—driven by real demand, realistic pricing, and better-aligned borrowing costs.

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Final Thoughts

Interest rates remain a vital factor in the health of the property market. After 18 months of volatility, the outlook is becoming clearer, though challenges remain. For buyers, sellers, and investors alike, the next 12 months offer an opportunity to engage with a market that is stabilising, supported by more predictable economic conditions and a cautious but constructive monetary policy environment.

Staying informed—and seeking advice from trusted mortgage and property professionals—will be essential as we move into what appears to be a calmer, more balanced phase for housing.

Want more tips and advice? We love being able to help! Acres Estate Agents are your local, family owned and run property experts for the Sutton Coldfield and Great Barr areas. Call your local office on the numbers below or email This email address is being protected from spambots. You need JavaScript enabled to view it. to find out how we can help you.

Want to check how much your home is worth? You can get an Instant Valuation here.  

If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:

Four Oaks                              0121 323 3088

Sutton Coldfield                    0121 321 2101

Walmley                                 0121 313 2888

Great Barr                              0121 358 6222

Lettings                                  0121 312 4997

Mortgages                             0121 387 1616

Thank you for reading this article, and your interest in Acres and our property for sale. 

Nigel & Jayne  Deekes – Acres Partners

Forecast: What to Expect in the Second Half of 2025

Analysts predict price growth of perhaps 3.5% across the West Midlands this year, with areas like Sutton Coldfield and its suburbs, together with Great Barr expected to outperform the regional average due to:

  • Strong employment and commuter access into Birmingham and beyond
  • Solid school networks, which drive family interest year-round
  • Limited new-build stock, which continues to support second-hand market strength

The local market remains price sensitive, so accuracy and professional marketing remain vital. However, the fundamentals are clear: the market has turned a corner.

Opportunities & Recommendations

Buyers

Now may be an opportune time to secure a mortgage and act quickly before competition intensifies. Areas like Erdington, Wylde Green and Great Barr offer excellent value compared to their more premium counterparts, without sacrificing amenities.

Sellers

With buyer demand returning and a shortage of high-quality listings, this is a prime window to sell, particularly for well-maintained family homes. Professional photography, clear floorplans, and realistic pricing are crucial.

Investors

With rental yields climbing and voids decreasing, now is a strategic time to expand rental portfolios in the suburbs. Focus on family-friendly properties and those near transport links like the cross city rail line, motorways and good road links

Strength in Familiar Foundations

The property market across Sutton Coldfield, Great Barr, Walmley and Four Oaks is gaining traction, momentum, and confidence. As mortgage rates have stabilised and buyer enthusiasm grows, these north Birmingham communities are well-placed to benefit from sustained recovery through the rest of 2025 and beyond.

Whether you’re buying, selling, renting or investing—this part of the West Midlands is proving, once again, that it’s one of the region’s most reliable strongholds for property success.

sold boards on a street

Sales remain strong but house price inflation slows

Sales agreed are running at the fastest pace in four years, increasing by 6% year-on-year. Saying that, we have noted as normal the pace of sales is slowing, and this will continue over the seasonal summer slowdown.

However, more sales doesn't mean faster house price growth. In fact, house price inflation has slowed to 1.4% in the 12 months to May 2025. This is higher than the 0.3% increase recorded a year ago, but lower than the 2% recorded in February. A 14% increase in homes for sale has significantly slowed house price inflation by giving buyers more choice.

Demand for homes remains higher than a year ago but buyers remain price-sensitive, which is also limiting house price inflation. This is particularly important in housing markets with higher average prices, creating an additional affordability hurdle for home buyers.

While average earnings are rising at 5% a year, higher inflation means less scope for the Bank of England to cut interest rates in the coming months.

West Midlands Property Pulse: Sutton Coldfield, Great Barr, Walmley & Four Oaks Market on the Rise

Regional Recovery Led by North Birmingham’s Premier Suburbs

The property market in the northern suburbs of Birmingham—including Sutton Coldfield, Great Barr, Walmley, and Four Oaks—has shown significant resilience and a clear rebound in the first half of 2025. Following a turbulent few years with fluctuating mortgage rates, buyer hesitation, and political uncertainty, these much-loved residential areas are now leading the recovery across the West Midlands.

Local Market Trends: Prices Firming Across the Board

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Despite a short-lived dip in early spring following the end of the stamp duty discount period, house prices ihave not only stabilised but in many cases begun to edge upwards again, very slightly.

According to Land Registry data and agent analysis:

  • Sutton Coldfield: Average prices now stand at £347,000, with detached homes commanding upwards of £620,000 in Four Oaks and Walmley.
  • Great Barr: A traditionally more affordable area, Great Barr has seen a stronger bounce back, with prices now standing at approximately £258,000. Three-bedroom semis remain in high demand.
  • Walmley: Often sought after for its schools and "village" charm, Walmley’s average house price has reached £312,000, up 3.5% from 2024.
  • Four Oaks: One of the most prestigious residential pockets in the region, Four Oaks has remained remarkably strong, with premium homes seeing a steady 2.8% rise. Larger detached homes, especially those near Sutton Park or the Four Oaks Estate, routinely list for £800,000 to over £1 million.

What’s Driving the Market Rebound?

Several key factors are contributing to this upward trend in the local market:

1. Increased Mortgage Affordability

The Bank of England has held interest rates steady since Q1 2025, and lenders have begun to release more competitive fixed-rate deals. With many buyers locking in sub-4% rates, confidence has returned—particularly among upsizers and first-time buyers.

2. Sustained Demand in School Catchment Areas

Four Oaks, Sutton Coldfield, Walmley, and parts of Great Barr are within catchment for highly sought-after schools. Family homes within these zones continue to see good interest.

3. Lifestyle Appeal Post-Pandemic

Buyers continue to favour areas with a blend of green space and urban convenience. Sutton Park, one of Europe’s largest urban parks, is a major draw, especially for Four Oaks and Walmley buyers. Meanwhile, Great Barr offers more affordability while remaining within easy reach of Birmingham city centre and the M6.

Inventory and Sales Dynamics: More Listings, Faster Sales

Here at Acres, and according to Rightmove data across our network of offices and the suburbs they cover we can report an uptick in both listings and buyer activity:

  • Properties priced correctly in Sutton Coldfield and Walmley typically sell within 4-6 weeks, especially those under the £500,000 mark.
  • In Great Barr, competitively priced homes often generate multiple viewings within days particularly for extended semis and well-presented family homes.
  • The top end of the market in Four Oaks remains more selective, but high-quality homes in the right locations are moving again after a sluggish year.

Presentation and realistic pricing are key. Overpriced listings are still struggling, but well-marketed homes are selling well, and close to their asking price, particularly in streets close to local schools, amenities, or public transport links.

The Rental Market: Yields Rising with Demand

Lettings big words Large

Rental properties in Sutton Coldfield and Great Barr have experienced a surge in demand since late 2024, driven by a growing number of professionals and young families waiting out the mortgage market or saving for deposits.

  • Sutton Coldfield average rent: £1,125/month (+6.1%)
  • Great Barr average rent: £985/month (+7.3%)
  • Four Oaks average rent: £1,235/month (+5.8%)
  • Walmley Oaks average rent: £1,150/month (+5.3%)

Landlords are benefiting from reduced void periods and rent increases above the rate of inflation, while demand continues to outpace supply—particularly for 3–4 bedroom family homes and modern apartments near train stations.

 A Market Poised for More Growth ?

Talking with our local estate agent colleagues we cautiously optimistic about the remainder of 2025.

“There’s no question the mood has shifted since late last year,” said Chris Harvey Acres Four oaks Senior Manager. “We’re seeing buyers return with confidence and readiness. They’re financially prepared and eager to move.”

“In Great Barr especially, the market is incredibly active at the £200,000 to £300,000 level. Homes that are modernised and presented well can still surprise us with how fast they go,” said Chris Deeekes Acres Great Barr manager, and assosiate partner.

Forecast: What to Expect in the Second Half of 2025

Analysts predict a total growth of upto 3.5% across the West Midlands this year, with areas like Sutton Coldfield and Great Barr expected to outperform the regional average due to:

  • Strong employment and commuter access into Birmingham and beyond
  • Solid school networks, which drive family interest year-round
  • Limited new-build stock, which continues to support second-hand market strength

The local market remains price sensitive, so accuracy and professional marketing remain vital. However, the fundamentals are clear: the market has turned a corner.

Opportunities & Recommendations

Buyers

Now may be an opportune time to secure a mortgage and act quickly before competition intensifies. Areas like Walmley and Great Barr offer excellent value compared to their more premium counterparts, without sacrificing amenities.

Sellers

With buyer demand returning and a shortage of high-quality listings, this is a prime window to sell, particularly for well-maintained family homes. Professional photography, clear floorplans, and realistic pricing are crucial.

Investors

With rental yields climbing and voids decreasing, now is a strategic time to expand rental portfolios in the suburbs. Focus on family-friendly properties and those near transport links like Chester Road, Wylde Green, and Hamstead.

Final Word: Strength in Familiar Foundations

The property market locally has gained traction, momentum, and renewed confidence. As mortgage rates stabilise and buyer enthusiasm grows, these north Birmingham communities are well-placed to benefit from sustained recovery through the rest of 2025 and beyond.

Whether you’re buying, selling, renting or investing—this part of the West Midlands is proving, once again, that it’s one of the region’s most reliable strongholds for property success.

 

Would you like more tips and advice? We love being able to help!

Acres Estate Agents are your local, family owned and run property experts for the Sutton Coldfield and Great Barr areas. Call your local office on the numbers below or email This email address is being protected from spambots. You need JavaScript enabled to view it. to find out how we can help you.

Want to check how much your home is worth? You can get an Instant Valuation here.  

If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:

Four Oaks                              0121 323 3088

Sutton Coldfield                        0121 321 2101

Walmley                                0121 313 2888

Great Barr                             0121 358 6222

Lettings                                0121 312 4997

Mortgages                              0121 387 1616

Thank you for reading this article, and your interest in Acres and our property for sale. 

Nigel & Jayne  Deekes – Acres Partners

 

 

Reasons To Sell Your Home In August

 

Most people are aware that historically, the best time to sell your home is in the spring. Inspiration is in the air, the weather is getting warmer, gardens are beginning to look bright again and many buyers are eager to kick the year off with a new home.

But does this mean you should avoid selling once this spring window has passed?

Absolutely not.

There is Strong Demand

Most people do not begin viewing potential new homes until they have offers relating to their current property. Therefore, selling your home later in the summer is an excellent option if you are part of a longer chain.

Those who have marketed their home in the late spring may find that they cannot attract and accept offers until the middle of summer. Therefore, they will be searching for homes in August.

With a less saturated market at this time of year, it is far more likely they will find your property.

Decreased Competition

Yes, the market is slightly slower in August due to holidays and schools being closed, but that means that your home will potentially face less competition.

Determined buyers will have a smaller selection of homes to choose from, and therefore there is a much greater chance of increased interest and buyers driving up the sale cost.

Progress is Progress

Your home could take longer to sell in the summer months.

Those with children are preoccupied with arranging childcare, and therefore they are slower to book viewings and can often be unreliable. Also, many people choose to holiday during this period, so they are not contactable in the same capacity they usually would be.

However, this does not mean your home will not sell; it simply means it might take a few extra weeks.

Try to embrace the slightly less hectic and more laid back market in the late summer months.

Your Home Photographs Beautifully

The key to a successful house sale is exceptional marketing materials. These marketing materials have three key elements: a beautifully written informative description, a detailed floorplan, and incredible photographs.

Summer provides the best lighting to capture these fantastic images.

Great Weather Incentivises Viewers

The restrictions of the pandemic caused a steep rise in online video viewings in the housing market. These are incredibly beneficial to both buyer and seller, allowing for more flexibility and encouraging quicker sales.

However, most buyers will want to view a home in person before placing a formal offer on the property.

The warmer weather and brighter evenings encourage buyers to make an effort to view your home.

When the autumn begins to creep upon us and the days get substantially shorter, prospective buyers are much less incentivised to make the journey after work to view your property.

Settled for Christmas

The festive period is one of the most cherished in all of our calendars. It’s something we all look forward to, and throughout December, we all spend a tremendous amount of time at home entertaining guests.

Therefore, most prospective buyers who haven’t secured a deal in the summer are eager to complete before the onset of winter.

Marketing your home in August allows for plenty of time to be settled into a new house before the start of the Christmas period.

Top Tips for Selling Your Home in August

Control The Temperature

It’s not often in the UK that we are blessed with scorching hot summers. However, you want your buyers to be as comfortable as possible, taking their time to view your property.

Therefore, if you are lucky enough to show your home on a particularly beautiful day, open the windows wide to let in the fresh air.

Declutter and De-personalise

As with any other time of the year, it is crucial that you thoroughly declutter your home before allowing potential buyers to view it.

However, it is never as important as in the summertime, when viewers expect to see a bright, fresh blank canvas.

Play to Your Strengths

All buyers are going to be interested in your outside space. In the winter months, viewers often overlook the garden, focusing on the cosy environment inside.

So, when showing your home in August, you must get the garden looking immaculate.

  • Mow the lawn
  • Remove any dead plants or empty pots
  • Repaint the fences where necessary

Finally, a great tip is to set out the garden for entertaining, showing just how viewers could use the space. For example, consider staging a BBQ scene complete with a dressed table to show your viewers how great the outside entertaining area is.

Want more tips and advice? We love being able to help! Acres Estate Agents are your local, family owned and run property experts for the Sutton Coldfield and Great Barr areas. Call your local office on the numbers below or email This email address is being protected from spambots. You need JavaScript enabled to view it. to find out how we can help you.

 

Want to check how much your home is worth? You can get an Instant Valuation here.  

If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:

Four Oaks                              0121 323 3088

Sutton Coldfield                        0121 321 2101

Walmley                                0121 313 2888

Great Barr                             0121 358 6222

Lettings                                0121 312 4997

Mortgages                              0121 387 1616

Thank you for reading this article, and your interest in Acres and our property for sale. 

Nigel & Jayne  Deekes – Acres Partners

Are you planning on selling your house or flat in the UK? Once you’ve accepted an offer and instructed your conveyancer, it’s important for the process to run as smoothly as possible to ensure completion of the deal. With that in mind, leading conveyancing firm AVRillo explains which documents will be essential to ensuring your sale goes to plan… 

1. Proof of ID, address and funds

You must pass Anti-Money Laundering (AML) regulations for the government to allow your estate agent to advertise your property and your lawyer to work on your transaction. 

Find a conveyancing lawyer who’ll carry out a single source AML check to avoid having to pass AML twice, once for your estate agent and then later for your lawyer. Find a lawyer who’ll work with your agent so the AML your lawyer carries out for you will be shared on your behalf with your estate agent – this is a single source AML check and will save you time and money by not having to pass twice. 

To combat money laundering , passing AML is a legal government requirement for sellers and buyers under the government’s Anti-Money Laundering Regulations and The Proceeds of Crime Act 2002. To pass you must produce proof of your identity and address to your estate agents and legal representatives.

Acceptable forms of proof of identity include a valid passport or driving licence. Proof of address can also be demonstrated through a driving licence, bank statement, or utility bill issued within the last three months. 

If you’re a buyer, or a seller who’s also buying, you need to provide bank statements and other paperwork showing evidence of how you’ve accumulated your money known as ‘source of wealth’ and evidence showing where that money is kept and being transferred from which is known as ‘source of funds’. 

2. HMLR Land Registry title deeds

To sell your house, you must provide evidence of your ownership. This document could be a property register or title deeds which demonstrate you’re the legal owner of the property. The Land Registry is responsible for maintaining property ownership records in the UK and you can obtain an official copy of the register from the Land Registry website or request a physical copy through the mail.

As well as being legal documents that prove your ownership rights to a property, title deeds contain detailed information about the property’s boundaries, ownership history, and any rights or restrictions associated with the property and they need to be provided to the buyer of your property or their solicitor to facilitate the transfer of ownership.

If you’ve lost the title deeds, you can apply for a replacement from the Land Registry. Your lawyer will guide you through the process but some deeds will be harder to obtain than others.

3. Energy Performance Certificate (EPC)

An Energy Performance Certificate (EPC) is a mandatory document required for most residential properties in the UK. It provides an energy efficiency rating and recommendations for improving energy efficiency. An EPC is valid for 10 years and must be provided to potential buyers. To obtain an EPC, you should hire a qualified Domestic Energy Assessor to assess your property and issue the certificate.

You can’t sell your residential property without an EPC as it’s a legal requirement to have one, however there are certain exemptions from obtaining an EPC, such as listed buildings, temporary structures, and places of worship, but it’s recommended to consult a qualified professional to determine if your property qualifies for an exemption. 

4. Gas safety certificate

If your property has gas appliances, such as boilers, fires, or cookers, you must provide a gas safety certificate to potential buyers. This certificate verifies that all gas installations and appliances in your property have been inspected and deemed safe by a gas safe registered engineer. The certificate is valid for 12 months and must be renewed annually. Buyers will want assurance that the gas installations in the property meet the necessary safety standards, making the gas safety certificate a crucial document in the selling process.

The time it takes to obtain a gas safety certificate depends on the complexity of the gas installations in your property. It’s best to contact a gas safe registered engineer in advance to schedule an inspection. 

5. Electrical safety certificate

Ensuring the safety of electrical installations is incredibly important when selling a house. An Electrical Safety Certificate, also known as an Electrical Installation Condition Report (EICR), verifies the safety and compliance of the electrical systems in your property. A qualified electrician issues this certificate after thoroughly inspecting the electrical installations. The Electrical Safety Certificate should be provided to potential buyers, assuring them that the electrical systems in the property are safe and meet the required standards.

6. Planning permissions

If you’ve made alterations or extensions to your property, you must ensure the necessary planning permissions were obtained. Planning permissions are official approvals granted by the local planning authority for specific building works. Buyers will want assurance that any changes made to the property comply with local regulations and have the appropriate permissions in place. Failure to provide the required planning permissions can raise concerns and potentially delay the sale process. It’s essential to consult your local planning authority and obtain the relevant documentation for any modifications made to your property.

If you’ve made alterations without obtaining the necessary planning permission, you may face consequences such as fines or being required to revert the changes. It’s essential to consult your local planning authority to rectify the situation and potentially obtain retrospective planning permission if needed.

7. Building regulation certificates

In addition to planning permissions, building regulation certificates are vital documents that confirm compliance with building regulations for significant alterations or extensions. These certificates are issued by the local authority or an approved inspector after the completion of the building works. Building regulation certificates provide evidence that the construction work meets the required safety, accessibility, and energy efficiency standards. It’s crucial to retain these certificates and provide them to potential buyers as proof of compliance.

8. Guarantees and warranties

It’s essential to provide relevant guarantees and warranties to potential buyers if you’ve made significant renovations or improvements to your property. These documents demonstrate that the work was done by qualified professionals and offer assurances regarding the quality and longevity of the improvements. Examples of guarantees and warranties include that for roofing, damp proofing, double glazing, and central heating systems. These documents provide peace of mind to buyers and enhance the overall value of your property.

9. FENSA

As a homeowner, you must obtain a FENSA certificate from a registered installer when they replace windows or doors on your property. The certificate serves as proof that the installation complies with the building regulations and is in accordance with the energy efficiency, performance standards, and safety regulations.

10. Leasehold documents if you’re selling a leasehold (flat)

The key leasehold documents you should gather and understand to facilitate a faster and more successful sale include:

Lease extension documentation: duration and mortgage considerations:

It’s important to note that many mortgages don’t cover leases with less than 80 years remaining. If your lease falls into this category, it can potentially hinder the sale of your property. If you’ve lived in the property for a minimum of two years, you may consider extending the lease or initiating the extension process.

Lease details and marketing material:

Make sure to locate your lease document. Your estate agent should provide comprehensive information about the property’s tenure in their marketing material including the remaining lease, the term, current ground rent, service charges, and planned increases. 

Obtaining the leasehold information pack:

Your conveyancer will contact the freeholder and/or managing agent to obtain the leasehold information pack. It’s crucial not to delay this process as acquiring the pack can take some time. Ensure you buy a management pack from your freeholder managing company as soon as possible. They’ll send you these documents to give to your conveyancer for them to digest, deal with on your behalf and send to the buyer’s conveyancer who needs these to proceed.

Potential buyer concerns:

Prospective buyers will want to understand key lease terms including service charges, ground rent, and administration fees. With this in mind, it’s essential to provide your conveyancer with documents related to the following:

  • Service charges, such as copies of accounts
  • Share certificates
  • Memorandum and articles of association 
  • Buildings insurance
  • Recent correspondence from the freeholder or managing agent
  • Planned works and assessments scheduled for the property such as roof replacements  
  • Fire risk assessments
  • Asbestos reports
  • Estate rent charges 
  • Building Safety Act issues including cladding and other safety legislation 

11. New build warranties 

For new builds or properties under 10 years old, you must have a copy of your Buildmark (NHBC) or other new home policy/warranty documents. These documents provide essential protection and peace of mind to homeowners, ensuring that any potential issues or defects with the property are addressed and covered by the warranty.

Buildmark is a widely recognised and trusted warranty provided by the National House Building Council (NHBC) in the UK. It offers protection against various structural defects that may arise within the first 10 years of owning a new build property. This includes defects in the foundation, roof, walls, windows, and other crucial structural elements. A Buildmark warranty or an equivalent new home policy/warranty document is highly beneficial and provides homeowners with financial protection and support in case of unexpected repairs or remedial work needed due to structural defects. In addition to structural defects, new home warranties often cover other aspects such as plumbing, electrical systems, heating, ventilation, and air conditioning (HVAC) systems. It’s essential to carefully review the specific terms and coverage your warranty document provides as warranties typically have specific guidelines and procedures for making claims and obtaining necessary repairs.

Your Buildmark or other new home policy/warranty documents show potential buyers that your property is protected and that any unforeseen issues will be addressed which can enhance the marketability of your property.

12. Mortgage statement

If you have an outstanding mortgage on your property, you must obtain a mortgage statement from your mortgage provider. This document outlines the outstanding balance, payment schedule, and any other relevant mortgage details. It’s a requirement from the buyer’s conveyancers to ensure they can pay off the mortgage and leave the property legal charge free. No financial obligations are impending on the seller’s title at completion. It’s therefore essential to inform your mortgage provider about your intention to sell and obtain an updated statement reflecting the current status of your mortgage.

13. Other upfront material information

Government guidance defines material facts as things which may have a major impact on whether a buyer decides to purchase your home. For example, if it regularly floods or is of non-standard construction. Estate agents are legally required to share this information with potential buyers.

You’ll also be asked for any non-optional financial commitments such as council tax, leasehold charges and rent charge costs if your property is on a new build estate.

Government guidance for selling a house also suggests you should provide any Part Wall Agreements which are needed when carrying out any building work near or on a party wall shared with a neighbour which can impact the structure and boundary wall with your neighbour. Restrictive covenants are binding conditions written into a property’s deeds or contract by a seller to determine what a homeowner can or can’t do with their house or land under particular circumstances.

While you want to present your home in the best possible light, you shouldn’t mislead potential buyers by covering up defects, for example, by painting over damp patches. Any problems are likely to come up in the buyer’s survey. This could lead to price negotiations and possible delays which could’ve been avoided.  

The more material information and documentation you can provide up-front to your solicitor, the better. You can then get their advice on what needs to be passed on to the buyer. This will reduce the risk of avoidable delays, costs and buyers pulling out when information materialises later. 

Content provided by OnTheMarket.com is for information purposes only. Independent and professional advice should be taken before buying, selling, letting or renting property, or buying financial products.

 

Want to check how much your home is worth? You can get an Instant Valuation here.  

If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:

Four Oaks                              0121 323 3088

Sutton Coldfield                  0121 321 2101

Walmley                                 0121 313 2888

Great Barr                             0121 358 6222

Lettings                                  0121 312 4997

Mortgages                            0121 387 1616

Thank you for reading this article, and your interest in Acres and our property for sale. 

Nigel & Jayne  Deekes – Acres Partners

Acres team are set, and ready for this years fun run on Sunday.

Please come along and support all the runners, walkers and teams. It is a great day, superb atmosphere and best of all - thousands of pounds will be raised for many deserving charities - Course route

Acres are proud to once more be supporting MDNA- Donate here

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