How long will my house purchase take?
How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6-10 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer.
What are the stages involved in buying or selling a residential property?
Issue/ receive contract documents from the solicitor for the buyer/seller
Where you are purchasing a property we will carry out searches and make any necessary enquiries of the seller’s solicitor
Where you are selling a property we will deal with any enquiries raised by the buyer’s solicitor
Where mortgage finance is being obtained for a purchase we will receive a copy of your mortgage offer and go through the main provisions with you
Advise you on the contract paperwork and liaise with the other side’s solicitor to agree a mutually convenient completion date
Exchange contracts once the above stages are complete. This will make the transaction legally binding.
Organise the transfer of funds on the day of completion
Deal with post completion formalities such as the discharge of any existing mortgage; registration of Title with Land Registry, payment of Stamp Duty Land Tax (SDLT, in England) or Land Transaction Tax (Land Tax, in Wales) and, in the case of the purchase of a leasehold property, notifying the Landlord of the change of ownership;
Fixed Fee Conveyancing
* Our fee assumes that:
This is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
This is the assignment of an existing lease and is not the grant of a new lease
The transaction is concluded in a timely manner and no unforeseen complication arise
All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
No Indemnity policies are required. Additional disbursements may apply if indemnity policies are required.
Contact us on 01253 629300 or click here for an instant online quote.