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Great news for first-time buyers

The announcements in the 2017 Autumn Budget were designed to help first-time buyers by abolishing Stamp Duty fees for properties under £300,000. But if your property is worth between £300,000 and £500,000, you'll pay 5% Stamp Duty on this segment of the purchase price.

Autumn Budget 2017: First Time Buyers won't buy stamp duty on properties purchased under £300,000. Any properties between £300,000 - £500,000 the first time buyer will pay 5% on that portion of the property

For example, if the property is worth £350,000 the buyer will pay 5% (£2,500) on £50,000.00. If a first-time buyer’s purchase price is over £500,000, there will be no discount on Stamp Duty Land Tax.

  

Stamp Duty Land Tax Calculator

Find out how much Stamp Duty Land Tax you'll need to pay with our free calculator.

 

 

The average price of a property in London

(Data taken from UK House Price Index)https://www.gov.uk/government/news/uk-house-price-index-for-november-2017)

 London Local Authorities Average property price (November 2017)

Rank cheapest to dearest
Barking and Dagenham £289,992 30
Bexley £339,166 29
Newham £356,216 28
Havering  £365,693 27
Croydon £373,581 26
Sutton £385,717 25
Hounslow £398,473 24
Greenwich £401,226 23
Enfield £406,300 22
Hillingdon £419,369 21
Redbridge £425,582 20
Waltham Forest £442,704 19
Guildford £443,044 18
Bromley £447,338 17
Harrow £478,039 16
Kingston upon Thames £486,707 15
Ealing £487,535 14
Tower Hamlets £497,403 13
Lambeth £516,104 12
Southwark £524,579 11
Merton £538,347 10
Haringey £546,185 09
Barnet £550,344 08
Wandsworth £595,574 07
Hackney £599,035 06
Richmond upon Thames £663,921 05
Islington £686,637 04
Hammersmith and Fulham £739,997 03
Camden £861,159 02
Kensington And Chelsea £1,258,948 01

In the table above, most of the cheapest areas are currently in the East of London.

London properties

If you are living in Barking and Dagenham but work in the City of London, you would expect a commuting time of around 45 minutes each way (according to Google Maps).

Things to consider when buying a house in London

The deposit

With the rising costs of living, it can be difficult to gain enough capital for the deposit. There are many options to help first-time buyers including shared ownership, help to buy and even new build properties. To get on the housing ladder, we recommend setting a budget and see what non-essential items you can cut back on.  This little sacrifice can serve you well in the long term. 

The commute

Sometimes it can be cheaper to relocate to another part of London or even moving on the outskirts. However, if moving to a new location requires a longer commute, it is essential to understand what you’re getting into.  If your new property is one hour away from work, that’s 40 hours per month travelling back and forth.

The mortgage payments

Whether you’re sharing a property with a loved one or going solo, it is crucial that you can keep up with the mortgage payments. It is highly recommended that you speak with an independent financial advisor for some impartial advice.

Family and Friends

If you’re going to relocate to a different area, how far away are you going to be to your friends and family? How nice is the area your looking to move to? These are all important questions to ask yourself.  Visit where you could be potentially living first. Spend some time in the local bars and restaurants. Find out where the local shops are. Find out as much as you can about the area.

Finally, getting the best price for your conveyancing

There are two types of homeowners in London.  The first homeowner will pay a premium to attend meetings at their solicitor’s office.

The second homeowner uses a different top-quality conveyancing solicitor in London, but does the entire process conveniently over the phone and by email. 

At Banner Jones, we offer a great conveyancing package where you don’t need to visit our offices. Therefore, saving you time and money.

We know how frustrating London traffic is, so why pay more to see your solicitor when the process can be done from the comfort of your home? 

 To find out how, call Banner Jones Solicitors today on 020 8031 3618

Used Banner Jones for sale and purchase of property. From start to finish 8 weeks. Communication via post, email and telephone. Never made to feel that I couldn’t ask questions if unsure. Sandra Potter very friendly. Would 100% recommend.

Miss G, Wingerworth

Great service from start to finish. Josh kept us updated throughout the process and was always very prompt with responses. Highly recommended.

Mr & Mrs B, Mansfield

Hi Carey and Jenna, just a quick thank you for your help with the house move. Settling in well. Cheers

Mr & Mrs B, Chesterfield

Thank you for all your help Jenna, finally I can now move on with my life! Have a great weekend!

Mrs W, Ossett

Josh was excellent and would definitely use his services again.

We were always helped with all questions and he was friendly and approachable.

Mr B & Miss C, Mansfield

Great service, very prompt, everything explained in detail. Thank you Josh and his team.

Mr & Mrs M, Mansfield

Cheryl gave an excellent service. Told us everything in detail. Good work, Cheryl.

Mr B & Ms R, Market Warsop

Holly

Many thanks for all your help in making the sale /purchase of the above properties such a thoroughly smooth, stress free journey.

We can highly recommend your company .

Mr & Mrs C, Hockley

I want to thank Josh Butler for going above and beyond to make sure I was in my house by Christmas! Completion before 8 weeks is amazing at this time of year!

Miss S, Nottinghamshire

Sandra went the extra mile to get us into our new home quickly. I can't thank her enough and would definitley use Sandra again, highly recommended.

Mr H & Mrs D, Chesterfield

I would recommend Josh Butler at Banner Jones, Mansfield, and indeed I have done so already. He was brilliant, helpful, patient, knowledgeable and very competent. He did a great job.

Mrs D, Newark

Thanks so much for all the hard work. Even though the chain wasn't without it's issues, we found you both to be swift in your responses and supportive to us as a family.

You'll be pleased to know we love our new home and have settled in brilliantly.

Mr & Mrs H, Chesterfield

Becky and Hollie were excellent. They responded to all our enquires straight away and explained everything in great detail. Banner Jones offer a friendly and reliable service.

Mr & Mrs J, Isle of Wight

Everyone at Banner Jones have been helpful during our recent property move, particulary Gemma and Jenna. Thank you.

Mr & Mrs B, Chesterfield

Following a hiccup or two with the estate agents, Banner Jones have been wonderful! Everything went like clockwork, all thanks to Cheryl and Ben.

Miss K, Mansfield

Thanks for the completion of the property, and thank you for your services in this matter.

Mrs T, Clay Cross

The whole process of purchasing a property was made easy. It was a smooth transaction throughout. The advisor was competent, friendly and readily available.

Mr & Mrs D, Mansfield

Mark was very good at keeping me up to date and supplying all the information I needed. I would definitely recommend him to other people who need conveyancing services

Mr F, Rickmansworth

Catherine made suggestions for options, but listened carefully to what I wanted, and was calming when I was worried. She was patient although I had to ask her to wait and the process became more complicated than expected. However they didn’t charge me extra and even paid me interest on money they’d help on my behalf.

Mrs D, Sheffield

From start to finish on dealing with the selling of the property Karen Askew has been most helpful in keeping us informed and we are very grateful for that. Thank you.

Mr & Mrs W, Old Whittington

As always, Karen has provided an efficient service and are always on hand to provide advice and guidance throughout our sale and purchase transactions.

Mr J, Clipstone

Move went well and really impressed with how quick you have been with your responses and getting everything sorted! We will definitely be recommending you!

Mr L & Ms S, Walton

Amazing Lisa - thank you so much for being super efficient and helpful with the whole process - compared to when bought this house (with another company) it's been a breeze!

Mrs S, Sheffield

You kept me informed every step of the way. Thank you.

Mrs T, Heeley

We would like to thank you for your professional service throughout the sale, and the purchase. We feel the communication between yourself and us has been strong throughout, and we will definitely recommend you to anyone we know of who requires a conveyancing solicitor, as well as using you ourselves again in the future.

Mr & Mrs E, Brampton

Very friendly and very helpful and very understanding.

Mrs S, Shirecliffe

Excellent service made it simple and easy to sell our house.

Mr C & Mrs T, Sheffield

Lisa and associates all excellent and very approachable. Would use again and will recommend.

Mrs J, Handsworth

Hi Mark. We wanted to write to say thank you for helping us. This is now the fourth sale you have conveyanced for us and each time we have been very satisfied with the service provided. Many thanks.

Mr W, Salford Quays

We wanted to write to say thank you for helping us. In particular we’d like to note our gratitude to Hollie Watkins who has not only been most professional but supported and put up with our anxieties, always chasing and keeping us abreast of developments.  This has made the whole process slightly less stressful and we really appreciate her help.

Mr W, Salford Quays

Thank you for all your support and patience as we bought our first house!

Mr H & Ms P, Sheffield

Extremely professional, helpful and kept us up to date at all stages of the process. Would be more than happy to recommend Karen to anyone moving properties in the future. Thank you.

Mr B & Ms N, Great Wymondley

The receptionist staff on both days we visited your office were extremely friendly and the whole experience of dealing with Banner Jones was wonderful

T Howard

Very efficient, seamless service.

Mrs H, Old Whittington

Thank you both for all your help and patience.

Mr & Mrs R, Chesterfield

We would both like to say a huge thank you for all your help! We're aware we probably weren't the easiest clients what with strange addresses, losing the first house and pushy vendors! You've both been great, really helpful and clear with what you were doing for us. So thank you!

Miss C, Sheffield

Dear Jamie and Alison, I have checked my account and the payment landed before lunchtime, thank you. I’ve never had a bank balance so big in my life, I may need to frame the Bank Statement!! A great big THANK YOU for everything you’ve done and for all your help, support and patience, it’s very much appreciated. Many thanks and best regards

Mrs E, Dalton

I just wanted to say a massive thank you for all your help with the annoyingness you have had to deal with, we understand it wasn't an easy process but we fully appreciated how brilliant you were, we would highly recommend you. Was always a pleasure to speak even through the chaos. Thanks to Jayne also.

Mrs S, Wharncliffe

May I just say thank you for all you have done for me. The kindness, caring attitude you have shown and the way you have put things over to me so I can understand them.

Mr S, Mansfield

I just want to say a huge thank you for being the best solicitor EVER! For helping me change my name. I was overjoyed when my mum told me that we’d won. I’m looking forward to starting secondary with a fresh start.

Miss E, Cresswell

Staff who have helped me at Banner Jones have been professional, courteous, prompt and kind. Special thanks for advice and updates (about safeguarding ideas too), and for my Will.

Ms R, Bolsover

May we convey our sincere thanks to Stacey for all the work they have done. We are most grateful for your efficiency and professionalism throughout the process.

Mr & Mrs D-G, Walton

Thanks for your hard work in this I have been very impressed with your efficiency throughout this process.

Mr & Mrs D, Calow

I would just like to thank you and your team for the work on our property sales and purchases. Your work definitely helped speed up the process and allowed us to complete quicker, and we will definitely recommend you.

Mr & Mrs S, Dunham on Trent

Dear Sally, Catherine and Clare, I would just like to say thank you to you all for making our house move remarkably straightforward and stress free. The move went very smoothly on Friday and we are very happy in our new home. Hopefully, we won't be moving again any time soon, but thanks again!

Mr & Mrs F, Sheffield

I write in regard to your conveyancing services on our son's property purchase on the Isle of Wight. We are pleased to say he and his fiancé took possession mid September and are happy in their first 'real' home. At the time of your contact with us we had two other unrelated conveyancing processes in play, and I am pleased to inform you we are very impressed with your swift service. I wish I had found you sooner as one of the two - straightforward, no chain property services - has yet to complete (latest projection is late October 2016!) much to our increasing annoyance! We shall be looking to sell our property in the future and will retain your contact details for conveyancing purposes. I would recommend your business to friends and family. Thank you once again for your swift services.

Mr & Miss G, Isle of Wight

The service I received couldn't have been better!

Mrs C, Chesterfield

The service provided during our recent moving house was excellent. We were kept up to date on progress, and the problems that arose were dealt with in a timely fashion. Communication by email was easy and informative. We would definitely recommend Banner Jones.

Miss D, Pleasley Vale

Thanks so much for what you have done, and for keeping me updated with everything. I will be sure to recommend you. Take care!

Miss B, Calow

Excellent service! Karen could not do enough for us, and it's thanks to her and Nathan that we are in our first home without any issues and so quickly.

Mr M & Miss S, Worksop

Thank you for everything Gemma. Very happy with the service you have provided.

Mr R & Mrs C, Bole Hill

Jessica was excellent and pushed things through, having had to pick the case up late.

Mr R, Wingerworth

Hi Chris, hope you're well! Really pleased to say that we've finally completed on our sale and purchase :) Just wanted to drop you a quick note to say thanks for your help. Gemma worked on our case after Lisa and was absolutely brilliant! Wouldn't hesitate in recommending her. Hope you have a fab Christmas and New Year! Best wishes

Mrs T, Monton

Polite and friendly. Very professional. Excellent service.

Mrs D, Old Whittington

Just wanted to say thank you for all your efforts with our move earlier in the year. We really appreciate your effort and help in making the move happen. Thanks again

Mr W, Chesterfield

Would highly recommend. Very efficient, friendly and good communication. The whole process went very smoothly. Will definitely use your services again.

Mr & Mrs H, Upton

We wanted to say thank you to you and your team for your smooth handling of our recent move. Your professionalism and tenacity are much appreciated, and you always made us feel reassured every step of the way.

Mr W & Ms M, Woodseats

Couldn't have asked for a more professional, friendly and efficient service.

Mr P & Miss P, Chesterfield

I have moved house before and I have had poor service. Both Jessica and Jade were helpful and supportive, especially when I was feeling very apprehensive.

Mrs McC-W, Mansfield

My family, and our business, always use Banner Jones Solicitors for a range of legal services. From wills and property purchases to more complex commercial legal matters, I would not hesitate in recommending Chris Sellars and the team at Banner Jones Solicitors.
Throughout my dealings, Chris has shown fantastic communication skills, judgement, perseverance and research knowledge and I cannot praise him and Banner Jones enough.

Chris Breeze Managing Director – DCJ Group Insurance, Chesterfield

I also want to say thank you to yourself, Stacey and Natalie. You've all been excellent, very helpful and very friendly. We will definitely be recommending to family and friends and will, without doubt, use yourselves again.

Miss H, Newbold

Many thanks for managing this process so efficiently for us. Your hard work and diligence is greatly appreciated.

Mr H & Mr H, London

Thanks so much for all your vast efforts in completing the purchase on my behalf! Well done - you're a star!

Mr H, Sheffield

We are very happy with the service we receive from Mark Bilton and Dawn Wilford and intend to use their services again in the future.

Mr, L, London

Sally, is it too soon to say I love you??! Thank so much for completing on our home!

Mr L, Surrey

I wanted to write to thank you personally for your support in resolving this matter and equally to commend Ian’s continued effort and patience over the last year.  He has been a great professional and taken a personal interest in expediting the process where possible to bring to the earliest conclusion.

Mr P, London

Once again, thank you so much for all your help and updates - it’s made life so much easier.

Mr A, Essex

Everyone was very helpful and made the experience of buying our first home easy and stress-free.

Mr & Mrs Q, Ecclesfield

Recieved excellent service. Great comunication from Laura, I would definitely recommend this company!

Mr B, Nottingham

Hollie, you've made me an incredibly happy lady! Thank you so much for all you support, I appreciate your time and for keeping me up to date throughout. A very thorough service.

Miss C, Gloucestershire

Katie, Carey

Now that the dust has settled I just wanted to thank you for your dealing with the coveyancing for the sale of our Mother's flat.  I know it was rather more protracted than expected but thanks for your perseverence and professional approach.

Mr G & Mrs B, Sutton

We are most grateful to you for all your hard work and diligence in seeing through this sale to a conclusion.

Mr R, Chesterfield

Just a short note to thank you for the prompt and efficient way you handled the sale of our property.

Mr E & Miss W, Chesterfield

Outstanding service from start to finish. Very efficient, polite and friendly staff, who respond to emails very quickly within a very short time limit.

Mr & Mrs T, Mansfield

We were extremely happy with the quick, efficient way that our house purchase was handled by Karen Askew. Time was very important as we were in danger of losing the property if we had not completed the purchase within a few weeks. Thank you very much Karen,

Mr & Mrs C, Worksop

Dealt with Mark Bilton for over 25 years re commercial and residential properties. 1st class service from all departments, I would highly recommend this firm!

Mr J, Hitchin

Excellent service from friendly, approachable people.

Mrs N, Bakewell

Thank you so much for everything, you have been an absolute star!

Miss N, Nottinghamshire

I was very happy with the service provided. The team was responsive and efficient and did everything I asked of them.

Mr T, Hertford

We just want to express our sincere thanks for the professional and efficient way in which you and your team have dealt with the conveyancing following the sale of my late Aunt's property.

Jessica and Jade were extremely helpful and professional also and it was a pleasure to know they were picking up the reins should you be otherwise engaged.

We would have no hesitation in using the services of Banner Jones on a future matter.

Mr & Mrs L, Derbyshire

The service was very quick and easy to follow. The staff were very helpful and friendly. Would recommend a friend or colleague to Banner Jones.

Mrs P, Chesterfield

Professional, helpful, caring and genuine. Nothing was ever too much trouble or to ask for.

Mr S, Heanor

Thank you for your most efficient service.

Mr & Mrs B, Devon

Thank you for your assistance with these two transactions. I am very happy with the level of support and assistance you've provided, and glad that I have chosen Banner Jones.

Mr S, Rotherham

Both Natalie and Stacey were very friendly and I had a professional service for both my house purchase and Will. The staff were very nice to talk to and helped me with every step if I was unsure what to do. Will highly recommend to friends and family.

Ms L, Chesterfield

Thanks for your help and assistance throughout and which has been greatly appreciated. You have dealt with this matter in a most professional manner and I will have no hesitation in recommending you to any family or friends who need such assistance in the future.

Mr & Mrs J, Sheffield

Thank you for your work in this matter, I really appreciate that you understood my circumstances and were able to complete in my absence. I will recommend your servcies to friends and family, and I will certainly use your services myself if and when I need to sell another property.

Mrs W, Mountsorrel

What a relief this is. My wife (Sue) and I cannot thank you enough in how you have dealt with your sale. Your conduct & friendliness throughout has been exceptional. Thank you once again.

Mr L

Overall I was very happy with the conveyancing advice I recieved. I was certainly recommend and use Banner Jones again.

Mr C, Mansfield

Found your services helpful and would use Banner Jones again.

Mr & Mrs H, Chesterfield

Absolutley brilliant staff were helpful and friendly to me, Banner Jones staff have made buying our property as easy, with step by step feedback, even with the sale process. Thank you, very very much.

Mr & Mrs L, Nottinghamshire

The service given st the Dronfield branch was excellent. Staff were always friendly and helpful, nothing was ever too much trouble. We will definitely be using Banner Jones in the future.

A special mention to Catherine Wilson who helped us through a traumatic house move!

Mr & Mrs H, Sheffield

Banner Jones provided a very friendly service and we felt on equal terms with our representitive. Our queries were dealt with quickly and we got the home we wanted

Mr & Mrs G, Worksop

Kate and her team were very professional, knowledgeable, prompt and customer focused. The whole process was handled seamlessely and they were friendly  and helpful. We will definitely like to use Banner Jones and highly recommend to our friends and family.

Mr & Mrs K, Leicester

Banner Jones have helped me buy and sell my houses with great ease.

Miss Y, Mansfield

Thank you for dealing with the saleso efficiently and for your help with the mortgage discharge.

Mr & Mrs H, Chesterfield

Fantastic service from start to finish.

Mr & Mrs W, Dronfield

Thankyou to you and your team for dealing with our move.

Mr & Mrs S, Chesterfield

Kate Skelton was very helpful, knowledgable and confident in dealing withour residential conveyancing. She always put us at ease and explained everything to us during each step of the way.

Mr & Mrs P, Sheffield

Thanks Jessica, efficient and helpful as always!

3Sixty Financial Solutions

We have been very impressed with your help so far and therefore would like to use Banner Jones for both the sale of our current property and the purchase of our new property, based on the quotations we have received.

Mrs V, Dronfield

Holly, thank you so much for all your hard work to get us into our new house for Christmas!

Mr M & Ms M

The purchase went through very quickly and smoothly, and I was kept updated throughout the whole process. Highly recommended!

Mr B & Miss W, Chesterfield

The whole buying & selling process was really smooth. Everyone says that buying & selling a house is very stressfull but you made it all stress free and we would have no hesitation in recommending you to anyone. Thanks again.

Mr & Mrs H

Kate Skelton and her team are excellent, friendly and such helpful staff.

Mr H, Chesterfield

Fantastic service by Gemma Sharpe-Buckley at the Chesterfield branch. Always responded ASAP to every email, I sent several with lots of questions and I was always provided with clear answers to help me. 100% would recommend,

Mr & Mrs K, Chesterfield

We are thoroughly happy with the service provided by Banner Jones Solicitors. Kate was extremely professional, efficient and friendly. The team worked hard to secure our sale and purchase and to ensure our move was completed smoothly. We recommend Banner Jones to anyone and would not hesitate to use this firm again.

Mr & Mrs G, Sheffield

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