Extras

FACTORS THAT MAY INCREASE THE COST OF OUR SERVICE:

  • If legal title is defective or if the title is unregistered and vital documents are missing or inadequate.
  • If necessary Building Regulation Approvals or Planning Permissions have not been obtained or Certificates for electrical work, control heating installation or replacement windows are missing this can lead to the need to advise on the need for and for arrangement of indemnity insurance policies either to satisfy your buyer on a sale or your Mortgage Lender on a purchase.
  • If you are unable to provide documents that we request.
  • If your purchase is being part funded by gifted deposits which involve us in carrying out further money laundering checks and establishing the identity of the Donors and the source of their funds.  (We would typically charge £30.00 plus VAT for each donor).

HOW LONG WILL MY HOUSE PURCHASE TAKE

How long will it take from your offer being accepted until you can move into your house will depend on many factors including:-

  • Are you obtaining a Mortgage and has a Mortgage Offer been received?
  • How many people are in the conveyancing chain and are they in as advanced a position to proceed? Frequently matters can be held up for weeks due to someone having not arranged their finances or not being willing to move except on certain dates.  This can hold up everyone in the chain.  We believe that to try to give an average time for the conveyancing process is meaningless until we have details of the transaction, the number of people in the chain and how quickly they want to move.

We will attempt to complete your sale or purchase in the shortest time possible but sometimes delays are beyond our control.  We find it is not helpful to suggest an unrealistic completion date or a quick completion only then to discover that there is a problem with the Sellers Title Deeds or that someone in the chain is delaying the matter to fit in with their own timetable.

Having said all this our regulators require us to give you an estimate of the “average time” to complete a purchase and we would say 8 to 10 weeks although matters can be done more quickly than that or can take much longer if you are in a chain or the other party delays matters

STAGES OF THE PROCESS

The precise stages involved in the purchase of a residential property vary according to the circumstances.  However, below we set out some of the key stages:-

  • Take your instructions and give you initial advice.
  • Check finances are in place to fund purchase and contact Lender’s Solicitors if needed.
  • Receive and examine Contract documents and the Sellers ownership and the matters to which the property is subject including covenants.
  • Carry out searches and peruse the results of them.
  • Obtain further planning documentation if required.
  • Make any necessary enquiries of the Sellers Solicitors or Conveyancer and check their replies.
  • Give you advice on documents and information received and report to you about the title to the property and covenants affecting it.
  • Draft Transfer and obtain approval by the Sellers Solicitors.
  • Go through conditions of Mortgage Offer with you often in a detailed letter.
  • Arrange for you to attend to sign the Contract, Transfer and if applicable Mortgage.
  • Agree completion date (date from which you own the property).
  • Exchange Contracts and notify you that this has happened.
  • Arrange for all monies needed to be received from Lender and you.
  • Arrange pre completion searches.
  • Complete purchase.
  • Deal with payment of Stamp Duty Land Tax.
  • Deal with application for registration at Land Registry.
  • Notify you when registration is complete and arrange for you to receive any documentation you need to retain.