Stages of the Purchase Process

How long it takes from an offer being accepted until you can move into your new property depends on a number of factors. On average the process can take between 8-12 weeks.

The time factor depends on a number of issues for example; there may be a large number of people or properties within a chain, you may be purchasing a new build property which could extend the move time by several weeks or months depending upon when the new build property will be finished.

You may be purchasing a leasehold property which requires an extension of the lease which can take significantly longer – between 2 and 4 months (additional charges would apply in these situations).

The exact stages involved in the purchasing of residential properties vary according to circumstances however below are typical stages;

  • Taking your instructions and giving you initial advice
  • Verifying your details ie identification checks etc
  • Receive contract from sellers solicitors
  • Obtain initial searches, local environmental, drainage and water searches
  • Check finances are in place to fund the purchase
  • Raise preliminary enquiries with sellers solicitors
  • Obtain planning documentation, compliance certificates, guarantees and other paperwork if required
  • Receive, check and go through the conditions of the mortgage offer with you
  • Advise and report on contract and send this to you for signature
  • Agree completion dates
  • Exchange contracts, carry out final land registry and land charge searches
  • Arrange for all monies needed for purchase are received from Lender or client
  • Complete the purchase
  • Deal with the Stamp Duty/Land Tax
  • Deal with the Registration at Land Registry
  • If leasehold property, advise freeholder of change of ownership, send required documents and pay registration fees.

OUR FEES ASSUME THAT….

  1. This is a standard transaction and that no unforeseen matters arise including (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.
  2. The transaction is concluded in a timely manner and no unforeseen complications arise.
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.
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