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RESIDENTIAL PROPERTY SALE & PURCHASE

When it comes to buying or selling, we provide a quick efficient and friendly service throughout.

We have a team of dedicated property solicitors with extensive expertise of all aspects of buying and selling. We provide a personal service which means that your property transaction will be handled by the same experienced lawyer at every stage.

We have a reputation for being proactive and much of our work comes via personal recommendation from clients and estate agents.

The Property Team have been awarded The Law Society’s ‘Conveyancing Quality Scheme’ Quality Mark. The award is given to firms who demonstrate a high level of knowledge, skills, experience and practice in the area of conveyancing.

Step by Step Guide

We thought it might be helpful to set out below the key stages of a sale and purchase, although you will appreciate that these may vary according to individual circumstances.

On a purchase, these steps are as follows:

  • Taking your initial instructions;
  • Checking how you are financing the purchase;
  • Receiving a draft contract package from the seller’s conveyancer which will include the title documents, a fittings and contents list, property information form, EPC, any planning paperwork and supporting documentation;
  • Submitting searches;
  • Investigating the title and raising enquiries of the seller’s conveyancer;
  • Providing advice to you on the documents received to date;
  • Receiving your mortgage offer and any survey. Raising any additional issues with the seller’s conveyancer;
  • Agreeing the contract with the seller’s conveyancer and drafting the Transfer Deed;
  • On receipt of satisfactory replies to enquiries, search results, mortgage offer and survey (if any), reporting to you and obtaining your signature to the contract etc.;
  • Requesting the 10% deposit from you;
  • Agreeing a completion date;
  • Exchanging contracts and notifying you that this has happened;
  • Preparing for completion, draw down your mortgage (if any), receive balance of funds required from you;
  • Complete the purchase;
  • Submit the Stamp Duty Land Tax return and paying any duty due;
  • Applying for registration at the Land Registry and supplying you (and any lender) with updated title information.

On a sale, these steps are as follows:

  • Taking your instructions and giving any initial advice based on the information you have provided;
  • Obtaining your deeds;
  • Advising you how to complete the information forms and checking your replies;
  • Preparing and submitting a draft contract pack to your buyer’s conveyancer;
  • Dealing with any title enquiries received from your buyer’s conveyancer;
  • Finalising the contact and approving the Transfer Deed before sending to you for signature;
  • Agreeing a completion date (the date you move out);
  • Exchanging contracts and notifying you that this has happened;
  • Obtaining a redemption statement (if you have a mortgage) and preparing a financial statement for your approval calculating the net sale proceeds due to you on completion;
  • Completing the sale;
  • Redeeming any mortgage at the Land Registry and accounting to you for the net sale proceeds.

Timescale

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 purchase takes between six and 12 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 between 6 and to 16 weeks.  However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months.  In such a situation additional charges would apply.

On a straightforward sale, from accepting an offer to completion should take on average 6 to 12 weeks. Again, this depends on a number of factors including (but not limited to):

  • The parties in the chain;
  • The complexity of the title;
  • Whether your buyer requires a mortgage;
  • Any adverse survey, search result or title issue.

Please do call Sam McEwan on 01285 649717 or email sam@sml-law.co.uk

KEY CONTACTS

Sam McEwan

Sam McEwan

Head of Property & Head of Equine

"Extremely courteous, efficient and friendly" Mark Ransom

Sophie Aldis

Sophie Aldis

Partner

"She kept me up to date, was a champion for our cause, worked hard and was empathetic to the complexities…

Charlotte Badger

Charlotte Badger

Chartered Legal Executive

"We found Charlotte to be very responsive to our questions at all times.  We felt fully informed and confident that…

Jenny Pound

Jenny Pound

Graduate Legal Executive

"Jenny was extremely helpful during our property sale and purchase. I will be recommending her"

Sindy Burford

Sindy Burford

Conveyancing Executive

"Sindy has made the whole process 'human' and has put us at ease throughout"

Noah Kirby

Noah Kirby

Trainee Solicitor
Janette Woodland

Janette Woodland

Associate Solicitor

"Thank you so much for all your help, your professional support , headscratching and brainstorming with me ! and generally…

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