Your Conveyancing Process

Your Conveyancing Process

Selling Your Property

What will happen and how long will it take?

The length of time it will take from you accepting the offer until the sale completes will depend on a number of factors, however if there are no complications then on average the process takes 12 to 16 weeks

The usual stages of your sale are as follows:-

  • Taking your instructions and giving initial advice
  • Drafting the contract documents, agreeing them with you and sending them to the buyer’s solicitors.
  • Discussing any queries raised by the buyer’s solicitors with you and responding to them
  • Sending you the contract for signature
  • Agreeing a completion date
  • Exchanging contracts and confirming this to you
  • Completing your sale
  • Arranging for repayment of your mortgage and accounting to you for any balance

Factors which may increase costs and timescales

We will conduct your house sale as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in Title are identified which need to be remedied before the transaction can complete.
  • You are selling a leasehold property and a new lease is needed
  • The buyer’s solicitors raise a large number of enquiries with us
  • Your sale is part of a chain and there are delays relating to any of the other properties in the chain
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.

 

Purchasing Your Property

What will happen and how long will it take?

The length of time it will take from your offer being accepted until you can move into the property will depend on a number of factors, however if there are no complications then on average the process takes 12 to 16 weeks.

The usual stages of  your purchase are as follows:-

  • Taking your instructions and giving initial advice
  • Carry out required checks in relation to purchase funds
  • Receive and advise on contract documents
  • Carry out searches
  • Make enquiries with seller’s solicitors in relation to any queries raised by searches
  • Advising you on documents, information and your mortgage offer
  • Sending you the contract for signature
  • Agreeing a completion date
  • Exchanging contracts and confirming this to you
  • Arranging for the receipt of monies from you and your lender
  • Completing your purchase
  • Dealing with the payment of stamp duty and the application for registration at the Land Registry

Factors which may increase costs and timescales

We will conduct your house purchase as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in title are identified which need to be remedied before the transaction can complete.
  • You are purchasing a leasehold property and a new lease is needed
  • We need to raise a large number of enquiries with the seller’s solicitors
  • Your purchase is part of a chain and there are delays relating to any of the other properties in the chain
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.
  • Your mortgage company instruct a separate firm of solicitors with whom we need to correspond.

 

Your Remortgage

What will happen and how long will it take?

The length of time it will take from you accepting the offer until the completion of the re-mortgage will depend on a number of factors, however if there are no complications then on average the process takes 12 to 16 weeks

The usual stages of  your re-mortgage are as follows:-

  • Taking your instructions and giving initial advice
  • Liaising with both mortgage companies
  • Arranging for repayment of your original mortgage and accounting to you for any balance

Factors which may increase costs and timescales

We will conduct your re-mortgage as quickly as we can, however if any of the following apply or occur during the transaction this will delay matters and may increase costs:-

  • Any defects in title are identified which need to be remedied before the transaction can complete.
  • Any issues are identified which require indemnity policies.  In this event, there may be costs for the indemnity policies.
  • There are delays in receiving documentation from any third parties involved in the transaction.

 

We are here to help

Call us for a free and confidential consultation with a specialist solicitor today on 01642 247656 or on our 24/7 Emergency Helpline 01642 917175

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01642 247656 info@watsonwoodhouse.co.uk 24 Hour Arrest Helpline 01642 917175

Head Office

102-108 Borough Road
Middlesbrough
Teesside
TS1 2HJ
United Kingdom

Company Registration Number: 10868114 VAT Number: 499 468 172

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Middlesbrough

Our Head Office, York House

102-108 Borough Road
Middlesbrough
Teesside
TS1 2HJ
United Kingdom

info@watsonwoodhouse.co.uk 24 Hour Arrest Helpline 01642 917175

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