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 your signature
• Agreeing on 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

Contact Us Today

For more information on any type of conveyancing matter, you can call us on 01642 247 656 alternatively, complete our online contact form, and one of our team will be in touch.