How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 6 – 8 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 4 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges would apply.
Stages of the process
The precise stages involved in the purchase of a residential property vary according to the circumstances. The key stages are detailed below:
Take your instructions and give you initial advice
Receive Contract documents
Carry out searches
Make any necessary enquiries of seller’s solicitor
Go through conditions of Mortgage Offer
Give you advice on all documents and information received
Advise you on joint ownership
Send Contract to you for signature
Agree completion date (date from which you own the property)
Exchange Contracts and notify you that this has happened
Draft Transfer Deed
Arrange for all monies needed to be received from lender and you
Obtain pre-completion searches
Deal with payment of SDLT/Land Tax
Deal with application for registration at Land Registry
Who will act on my behalf?
Currently there are 4 people in our Property Department that may undertake this work for you. If you refer to the “Our People” page our website you can see details of their qualifications and experience. Our Partners, Nicola Baddick and Ann Harris, who are both Solicitors, work within our Property Department and they supervise all work undertaken in the Department.