How to Sell Your House | NatWest

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How to sell your house

A step-by-step guide to selling your house

Get started with your mortgage

Your home may be repossessed if you do not keep up repayments on your mortgage

NatWest mortgages are available for over 18s.

Along with changing jobs or planning a wedding, selling a home is said to be one of the most demanding life events anyone faces. We're not going to tell you moving is a mere walk in the park, but we're here to help the potential nail-biting pressure that comes with putting your property on the market.

Take a deep breath and check out our step-by-step guide to selling your house – as stress-free as possible:

Timing is everything

If you want the best price for your house, it's important to get the timing right. Property prices naturally fluctuate, so be sure to check whether it's a buyer's or seller's market before listing your house – if prices are at a low point then it may be worth waiting a few months. 

 

Spring is widely considered the best season to sell a house, largely thanks to the return of weather and blooming flowers. Think about it – a light, airy house can't help but impress.

How much could you afford?

Once you know how much your house is worth, it's time to work out the rest of your finances:

 

  • Equity in your existing house. Have your house valued by a few local estate agents – many will perform this service free of charge. If you have a mortgage, you'll need to find out how much you owe from your most recent statement, and also make sure you don't have to pay a penalty clause to leave. Once you've worked out your mortgage costs and home value, the remainder will be your home equity.
  • Funds you can borrow for a mortgage. Check in with a NatWest mortgage advisor to find out how much is available to you. Both your personal income and the percentage of the property purchase you can put down in your deposit will be taken into account. 
  •  Your other savings. If you've managed to save ahead, this might be the rainy day you were waiting for.

See how much you could borrow

What happens to your mortgage when you move?

Fortunately when you're moving house, it's often possible to transfer your existing mortgage to your new home – though bear in mind you'll need to reapply for your existing deal. In addition, if personal circumstances have changed since you first gained approval – things such as a divorce, new employment or increased debt – you may no longer qualify.

 

If you're unable to transport your mortgage, it is sometimes possible to switch to a new loan – though the charges can be inhibitive. If your existing mortgage is with NatWest, your first step will be to sign in to manage your mortgage on our website.

Hire a solicitor early

It's wise to have a solicitor or conveyancer in place from the very start. This will help your sale go a lot smoother.

 

Your chosen representative will act on your behalf throughout all legal aspects of your sale, your family and friends may have useful recommendations.

 

Getting a solicitor on board early means that house deeds and property information forms are prepared well in advance, and that should speed things up considerably when it comes to exchanging.

Add your signposting title here… Helping you plan

There are many things to consider when you're selling your home. We've got all the tips and tools you'll need.

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