There’s a first time for everything, and in this 3-minute easy-read, we share advice on making your property buying debut in the West Midlands a successful one.

Do you remember when you rode a bike without support for the first time?

Or when you learned to swim?

And who can forget the moment when the driving examiner turns and says ‘congratulations, you’ve passed.’

You also never forget your first love or the first home you buy.

That’s why at Bayzos we do all we can to make it an experience you remember fondly.

Because after all, your home is where some of your most magical memories are made.

But it can be a daunting first step entering the World of estate agent speak.

Fear not friends, as we’ve come up with a jargon buster to take the mystique out of buying your first place.

For the record, we don’t like or use the terms, below.

Vendor – No, it’s not a Harry Potter character. It’s the person selling a place.

The ‘applicant’ – This is you, the fresh-faced person buying the place, NOT a device for applying cream.

Sole agent – This has nothing to do with shoes or fish from Dover. It simply means the only agency selling the place.

Chain free – In theory (and in practice) any property that is sold without being involved in a chain should be an easier place to buy. This is due to fewer people, mortgage providers, agents, solicitors, and surveyors being involved.

Mortgage Offer – The confirmation you get from your mortgage provider saying you have the funds approved to buy the property subject to valuation can be a huge advantage to you as a buyer. Having this in place puts you in an excellent position prior to making an offer.

Subject to Contract – You’ve made an offer, it’s been accepted, but there are still a few contractual hurdles to leap over first.

Conveyancing – The legal stuff that needs doing when you are buying a place. Solicitor jargon is another thing altogether.

Stamp Duty – The bad news is it’s a Government tax slapped on when you buy a home. The good news is there is relief offered to first-time buyers. Get in touch with us, and we can work out what you could be eligible for.

If you’re buying a property in Scotland, you will pay Land and Buildings Transaction Tax (LBTT) and in Wales Land Transaction Tax (LTT) instead of Stamp Duty.

Exchange – The solicitors are happy. The agents are relieved, but most importantly, you’re delighted and the transfer of contracts means it’s now VERY unlikely the home will not become yours. This is the cue for a sigh of relief and perhaps a cheeky little celebratory drink.

Completion – This is D-Day when it comes to buying your first home. It simply means all the legalities and finances have been completed successfully. You will know your ‘completion day’ in advance as you’ll need to pack, arrange removals, and get super excited.

The first evening in your new home should be memorable. We’ll provide the champagne (and take away menus), so you can take a break from unpacking and celebrate in style.

We have a dedicated advice service for first-time buyers where you can book in a 20-minute chat to go over any questions you have or jargon you need decoding.

Thanks for reading.

Gary Simpson