Buying & Selling Property
There are many reasons for moving house but the one thing that everyone buying or selling a property has in common is that they want the process to be as smooth and as hassle-free as possible.
One of the most important factors in the success of your sale or purchase is having the right lawyer. Although conveyancing fees can be very similar from one firm to another, the service you receive can vary greatly. It’s therefore important to choose a lawyer who has your best interests at heart – you have a choice about which lawyer you use and don’t have to employ the one recommended by your mortgage provider or estate agent.
At Norton Peskett we make buying and selling property straightforward. We’ll keep the process on track, giving you clear timescales, eliminating delays and keeping you posted at every step. Our conveyancing fees are easy to understand and cover any necessary legal checks and searches. Our ‘no hidden costs’ promise means that when you receive conveyancing costs from us you’ll know exactly what they cover and won’t be billed for any unexpected extras. We’ll ensure that all your property documentation is checked and explained thoroughly and we can liaise with your lender, estate agent and other parties to ensure that there is clear and prompt communication between everyone at all times.
Whether you’re buying a property or selling a house, there are lots of things to think about. By trusting Norton Peskett to handle your conveyancing, you can relax safe in the knowledge that all the legal details are taken care of. That’s why our clients recommend us to their friends and family. So whether you are buying a home or selling a property, for fast, friendly, local advice contact us today.
The Conveyancing Process
Once you have a buyer for your property at an agreed price you will need your own Conveyancer to prepare a contract and supporting documentation for the Buyer’s Conveyancer.
We will answer questions raised by your Buyer and arrange for you to sign the contract in readiness for exchange of contracts. At this point a completion date (moving date) will be discussed. We will request a redemption figure from your mortgage lender to repay your mortgage and arrange for you to sign a transfer deed.
On the day of completion keys will be handed to your buyer directly or via your estate agent. Once we have confirmed that we have received the purchase money we will redeem your mortgage, pay your estate agent, any other fees and pay to you any remaining balance.
When you have found a property to buy you will need to appoint a Conveyancer. As your Conveyancer we will request contract papers from the Seller’s Conveyancer. We will then carry out searches and make necessary enquiries with the Seller’s Conveyancer.
Once in receipt of all search results, replies to enquiries and the mortgage offer you will sign the paperwork in readiness for exchange of contracts. We will discuss with you details of the deposit to be paid once the moving date has been agreed. Between exchange and completion we will request your mortgage advance from your lender and carry out final land registry searches. If a deed of trust is required this will be prepared at this stage.
On the day of completion we will arrange to transfer your purchase money to the Seller’s Conveyancer so that the keys can be released to you. You are now free to move into your new house!
After completion we will pay any stamp duty to HMRC or we will notify them of the transaction if no stamp duty is payable. We will also apply to the Land Registry to register you as the new owner together with the registration of any mortgage.
On average this typically takes 6 – 8 weeks but can vary depending on your circumstances and those in your chain. We have completed in 2 days on a straight ‘cash buyer’ sale but then 6 months for a complex chain.