RESIDENTIAL CONVEYANCING QUOTE?

Our network of solicitors operates throughout the UK and we are able to give a competitive residential conveyancing quote for property transfer anywhere in England, Scotland, Wales or Northern Ireland. Our solicitors are all based outside of the major metropolitan centres and as such are able to offer an economic service due to substantially reduced overheads. Where possible we deal with matters electronically and there is no need for any of our clients to ever attend our offices. Clients who do not have access to a computer can still be dealt with efficiently by use of post and telephones and will find our service still proceeds at a fast pace due to use of modern technology again without the necessity to attend any law office. For a free no obligation residential conveyancing quote just use the helpline or complete the contact form and a solicitor will contact you with free advice.

How long does the whole process take?

The process of property transfer starts as soon as a residential conveyancing quote is accepted however there is no clear cut answer to this question due to the complexity of the process. Different factors come into play, which make the length of the process unpredictable. Many of these factors are out of our solicitors� control. With this consideration in mind, it is not advisable to make arrangements regarding moving until an exchange of contracts has taken place and a date has been contractually fixed for completion of the purchase or sale. In addition there are cases where problems occur at the last moment often in regards to financial arrangements for completion money. As a very rough guide, on average, transfer of property from one owner to another may take anywhere from 6 weeks to 10 weeks from start to finish.

What does an exchange of contracts entail?

A contract is a written agreement entered into by two or more parties regarding the sale and purchase of land or property. Two copies of the contract are produced and each party signs one copy which is then exchanged on a pre-arranged date with the other party to form a legally binding contract. Exchange can take place by physical transfer of the documents personally by hand, by post or informally by telephone. Once contracts have been exchanged the transaction is binding and irreversible without potentially incurring financial penalties for breach of contract if legal action is taken in the courts by the wronged party.

When does the seller actually receive the payment?

The seller's solicitor usually receives a 10% deposit on exchange of contracts with the balance purchase money being paid on completion however on many occasions contracts are exchanged with a nil deposit. The completion date is normally between two weeks and four weeks after the contracts are exchanged, though this may vary depending on the circumstances. The money from the sale can be wired to the seller's personal bank account or a cheque can be sent by post. On most occasions however sale monies received by a solicitor are utilised for the purchase of other land or property on behalf of that client.

Where do I get the keys to my new property from?

The keys to the purchased property are usually in the possession of the seller�s estate agent. Once they get word from the seller�s solicitors that the sale has been completed, the seller�s estate agent will release the keys. Completion of the sale occurs when the full balance purchase money has been received by the seller.