The time it takes for your sale and/or purchase to complete will depend on a number of factors. Typically the process can take between 12-14 weeks from Contracts being issued. It can be quicker or slower, depending on the specific nature of your transaction.
What Are The Key Stages Of The Process?
These will vary but we summarise below the usual key stages which apply:
- Take your initial instructions and arrange for you to complete initial forms
- Check initial documentation (including proof of funds if purchasing)
- Issue draft contracts on a sale/receive draft contracts on purchase
- Submit searches on a purchase
- Make any necessary enquiries of seller’s solicitor on purchase/Deal with any enquiries received on sale
- Review replies to enquiries on purchase and report to you on all information received.
- Receive mortgage offer and report to you on the same. Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Prepare the form of transfer of the property to you and obtain your signature to it and to your lender’s mortgage deed (if any)
- Agree completion date
- Obtain final redemption statement from lender on sale (if applicable)
- Arrange for all monies needed to be received from lender and you (if applicable)
- Exchange contracts and notify you that this has happened
- Carry out pre-completion checks and searches
- Complete sale and/or purchase
- Deal with repayment of mortgage and any estate agents’ fees (if applicable) on sale
- Deal with payment of Stamp Duty/Land Tax on purchase
- Deal with application for registration at Land Registry on purchase
- Send any balance to you (if applicable)
Our fees for dealing with a re-mortgage will be £450 plus VAT and disbursements.
Please feel free to telephone us on 02476382343 for an individual quote tailored to your specific requirements.
The conveyancing work will be carried out by Lauren Clay, a solicitor with over 5 year’s experience of dealing with all types of conveyancing. Charlotte Rhodes, a solicitor qualified over 15 years has overall responsibility for conveyancing work.