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This is the most common question of all and it is impossible to give an exact answer. A “normal” transaction takes about 8 weeks but this can be shorter or longer depending on , for example, how many people are in the chain, how long it takes for a mortgage offer to come though, if someone in the chain goes on holiday etc
This is simply the name given to the process of buying and selling
These are the out of pocket expenses that we make on your behalf for example, search fees, land registry fees, stamp duty.
Do not cancel the payments until completion has taken place. If something were to go wrong and your mortgage could not be paid of then you could find yourself in arrears on your mortgage.
Our advice is not until exchange of contracts. Until this point the chain can fall through and you could be left with a bill for their cancellation.
If you are selling we will need to obtain documents to send to the buyers solicitors for example copy documents from the Land Registry and we need to pay for these when we order them. On a purchase we will need to order searches and again these have to be paid for at the time of ordering.
If you are having a mortgage you will have no choice as it will be a term of your mortgage offer that you have the searches done. If you are a cash purchaser it is your choice but we always advise that you have them. Usual searches are a local search – this will tell us such things as is the road adopted; whether there are any planning applications relating to the property (although not the surrounding area); drainage search – this will show us such things as whether the property is legally connected to mains drainage and whether the sewer pipe runs though the garden; Environmental search this will tell us such things as are there landfill sites within the vicinity of the property. Less common searches are commons registration search – is any of the land registered as common ground, mining searches.
