Your Conveyancing Process
Selling Your Property
What happens & how long will it take?
Accepting an offer until sale completion depends upon numerous factors. Without complications the process on average takes 12 to 16 weeks. To discuss conveyancing and your needs please contact Watson Woodhouse Solicitors today.
Usual Sale Stages
- Taking instruction & initial advice
- Drafting & agreeing contract documents before sending them to the buyers solicitor
- Discussing & responding to any queries raised by the buyers solicitor
- Sending you the contract for signature
- Agreeing a completion date
- Exchanging contracts & confirmation
- Completion of sale
- Mortgage repayment arrangements & accounting for any balance
Factors which may increase costs & timescales
We will conduct your house sale quickly. Delays may arise and costs increase however from the following:
- Title defects
- A new lease is required for a leasehold property
- A large number of enquiries are raised via the buyers solicitor
- Delays occur relating to a chain
- Issues requiring indemnity policies (costs may be applied)
- Third party documentation delays
Purchasing Your Property
What happens & how long will it take?
Similarly to selling, without complications, average timescales are 12 to 16 weeks. Purchase stages are as follows:
- Instructions & initial advice
- Required checks for purchase funds
- Contract document receipt & advice
- Searches
- Search queries raised with sellers solicitor
- Documents, information & mortgage offer advice
- Contract for signature
- Completion date agreement
- Contract exchange & confirmation
- Receipt of monies from you/lender arrangements
- Completing purchase
- Stamp duty payments & application for registration at Land Registry
Factors which may increase costs and timescales
The following may delay matters and increase costs:
- Defects requiring remedy
- A new lease is required for a leasehold property
- A large number of enquiries are raised via the sellers solicitor
- Chain related delays
- Issues requiring indemnity policies (costs may be applied)
- Third party documentation delays
- Correspondence required via additional solicitors instructed by your mortgage company
Your Remortgage
What happens and how long will it take?
Without complications the remortgage process takes between 12 and 16 weeks. The usual stages are as follows:
- Taking instruction & initial advice
- Liaising with both mortgage companies
- Original mortgage repayment & balance arrangements
Factors which may increase costs and timescales
The following may delay matters and increase costs:
- Defects requiring remedy
- Issues requiring indemnity policies (costs may be applied)
- Third party documentation delays
We are here to help
Call us for a confidential consultation with a specialist solicitor today on 01642 247656 or on our 24/7 Emergency Helpline 01642 917175