Buying a house is the most important (and expensive) purchase you will ever make. At Mincoffs, we understand how stressful this can be and our expert conveyancers are here to help you through and simplify the process.
Once you have had your offer accepted, you will need to instruct your solicitor and arrange your mortgage. You may already have received an agreement in principle, but you will need to speak to your mortgage adviser to arrange for the full offer to be issued.
You will also need to decide whether to obtain a survey. You can find out further information about the different types of survey here.
The seller’s solicitors will provide draft contracts, a copy of the title documentation for the property and some additional information from the vendors, including a property information form (to give you further details about the property, including any work that has been carried out) and a fittings and contents form (to tell you what will be included).
Once we have received the contracts, we will apply for searches. You can find out information about the different types of searches here.
We may need some further information from the seller’s solicitors about the information we receive in the documentation they supply or the search results. We will therefore raise enquiries with the seller’s solicitors, and they will obtain responses from the seller and send them over to us.
When your mortgage offer is issued, it will be sent directly to us. We will check to make sure all of the details are correct and deal with any special conditions imposed by the lender.
Once we have all of the searches back, your mortgage offer in place and all of the enquiries have been answered, we will then arrange for you to sign the documents. At this stage, we can agree a date for exchange and completion.
On the day of completion you will receive the keys to your new home. We will then arrange for your purchase to be registered at the Land Registry, and will send you the updated title a few weeks after completion.
House purchases can take anywhere between 8 and 22 weeks or longer and is dependent on a number of factors such as finding a property, mortgage approval, building surveys and the conveyancing process.
We have advised thousands of purchasers in relation to their conveyancing needs, from first time buyers, to home movers and investors with large portfolios. We will always tailor our services to your needs and make sure that you are kept fully informed at all stages of the transaction. Our expert team will make sure that your purchase proceeds as quickly and stress-free as possible.
For further information, please visit the Residential Conveyancing landing page here or call 0191 281 6151 to speak to a member of the team.
For trusted advice on any residential property matter, contact: