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Conveyancing Service Information

CONVEYANCING - PURCHASE

How long the purchase will take

The time from instructing us to completion is dependent upon a number of factors.  Here are just some of them:

  • Length of the chain – the longer the chain, the more likely there could be delays
  • Location – local authority searches, for example, can take anywhere from 24 hours to several weeks, depending upon which local authority we are obtaining information from
  • Whether you are dependent on a mortgage and, if so, how long the lender takes to issue an offer or authorise us to drawdown funds where title matters have been reported to them
  • Type of property – freeholds tend to be quicker, leaseholds longer, and more complex arrangements (such as shared ownership or help to buy) often take the longest as there is more work involved and we are reliant upon the speed of other parties

If therefore you have a short chain with freehold properties with no mortgages or searches, the transaction could take as little as 6-8 weeks to go through whereas a longer chain or one involving more complicated properties and/or mortgages and/or local authorities which take a long time to return search results will take considerably longer.

 

Stages of the buying process

  • Taking your instructions and giving initial advice.  Obtaining proof of ID and funding.
  • Check your finances and that arrangements are in place to pay for the purchase and contact the mortgage lender’s solicitor if applicable
  • Receive the contract from the seller’s solicitor and checking the same
  • Carry out searches
  • Obtain further documents if needed, such as planning permissions
  • Ask the seller’s solicitor questions to clarify issues identified in the documents
  • Report to you about the documents and other information received
  • Receive the deposit money from you
  • Explain the mortgage obligations to you
  • Arrange for you to sign the contract and other documents
  • Agree the date that the purchase will be completed which is when you will be able to move in to your new home
  • Exchange contracts.  This is when your signed contract is sent to the seller’s solicitor and the seller’s signed contract is sent to us and the transaction becomes legally binding
  • Arrange for the lender to send us the mortgage money and for you to send us any other money needed
  • Complete the purchase so you own your new home
  • Carry out the work needed to pay the Stamp Duty Land Tax
  • Carry out the work needed to register your ownership of the property at the Land Registry

 

CONVEYANCING - SALE

How long the sale will take

The time from instructing us to completion is dependent upon a number of factors.  Here are just some of them:

  • Length of the chain – the longer the chain, the more likely there could be delays
  • Location – local authority searches, for example, can take anywhere from 24 hours to several weeks, depending upon which local authority we are obtaining information from
  • Whether anybody is dependent on a mortgage and, if so, how long the lender takes to issue an offer or authorise us to drawdown funds where title matters have been reported to them
  • Type of property – freeholds tend to be quicker, leaseholds longer, and more complex arrangements (such as shared ownership or help to buy) often take the longest as there is more work involved and we are reliant upon the speed of other parties

If therefore you have a short chain with freehold properties with no mortgages or searches, the transaction could take as little as 6-8 weeks to go through whereas a longer chain or one involving more complicated properties and/or mortgages and/or local authorities which take a long time to return search results will take considerably longer.

 

Stages of the selling process

  • Taking your instructions and giving you initial advice.  Obtaining proof of ID
  • Prepare contract and send it to your buyers solicitors
  • Receive and deal with any enquiries raised including taking your instructions thereon as required
  • Arrange for you to sign the sale contract and any other relevant documents
  • Agree the date that the sale will be completed being the day that you will be required to move out of your home           
  • Exchange contracts.  This is when your signed contract will be sent to the buyers solicitor and the buyers signed contract is sent to us and the transaction becomes legally binding
  • Obtain a redemption statement from your lender if applicable and redeem the mortgage on completion
  • Obtain the estate agents fee and if approved by you pay it on your behalf on completion
  • Complete the sale        
  • Account to you for any balance from the sale unless this is to be used for a related purchase

 

CONVEYANCING – MORTGAGE/RE-MORTGAGE

How long the mortgage/re-mortgage will take

The time taken from your acceptance of the mortgage/re-mortgage depends on several things.  On average it takes between 4 to 5 weeks.

 

Stages of the mortgage/re-mortgage process

  • Taking your instructions and giving initial advice.  Obtaining proof of ID
  • Receive your mortgage offer
  • Check the title to your property            
  • Obtain local and water/drainage searches or arrange for search insurance if your lender accepts search insurance
  • Obtain your signature to the mortgage deed
  • Agree with you a date to complete the mortgage/re-mortgage  
  • Arrange for funds from your lender to be sent to us in time for the agreed completion date
  • Obtain a redemption statement from your existing lender and pay off that mortgage on the day of completion and account to you for any surplus proceeds
  • Carry out the work needed to register the new mortgage at the Land Registry

 

WHO WILL WORK ON MY FILE

Sarah Taylor

Sarah who qualified as a Solicitor in 1986, has over 30 years’ experience of conveyancing, including both unregistered and registered sale and purchase transactions, transfers of equity and re-mortgages.  She established her own practice Taylor Fawcett in 2002 which re-located from Princes Square to our larger premises at 14 Albert Street in July 2020.

Tel: 01423 538111

Email: sarahtaylor@taylorfawcett.co.uk

 

Clare Strike

Clare who also has over 30 years’ conveyancing experience joined Taylor Fawcett in 2016 to work as Sarah’s assistant.  Clare’s work is overseen by Sarah Taylor.

Tel: 01423 538111

Email: clare@taylorfawcett.co.uk         

 

Stephen Ramsbottom

Stephen qualified as a solicitor in 1981.  Initially a general practitioner, he has specialised in Conveyancing for many years and has a wealth of experience in sales, purchases, new builds, shared ownership, leases and working on behalf of a number of small private building firms.  In particular, he was trained in unregistered title, which is a rare skill.  He joined Taylor Fawcett in November 2014.  Stephen’s work is supervised by Sarah Taylor.

Tel: 01423 538111

Email: stephen@taylorfawcett.co.uk

 

Barbara Ramsbottom

Barbara has worked, as a legal secretary, for legal firms since 1981.  She joined Taylor Fawcett in November 2014 as support staff for Stephen Ramsbottom.  Barbara’s work is overseen by Stephen Ramsbottom

Tel: 01423 538111

Email: barbara@taylorfawcett.co.uk

 

Kathryn (Kath) Gibson

Kath has worked mainly as a legal secretary since 1977.  She joined Taylor Fawcett in July 2018 as support staff for Stephen Ramsbottom.  Kath’s work is overseen by Stephen Ramsbottom

Tel: 01423 538111

Email: kathryn@taylorfawcett.co.uk

 

Click here to download Conveyancing Department Fees PDF

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  • Law Society Lexcel
  • Accredited Conveyancing Quality
  • Resolution accredited specialist and collaborative lawyer

Coronavirus Update

As a result of increased concerns surrounding Coronavirus, we would like to reassure you that we have put in place measures to ensure continuity of service for our clients.

We are committed to doing everything possible to provide business as usual and have put in place arrangements to enable us to continue providing client service to all our clients.  We remain open for business but have closed our doors temporarily in accordance with Government guidelines.  Some of our staff are working in the office whilst others are working remotely to preserve the health and wellbeing of our staff and clients.  You can telephone us during office hours (9.00am to 5.00pm, Monday to Friday) on 01423 538111 or email your usual contact or mail@taylorfawcett.co.uk

In order to reduce the risk of infection, we are avoiding face to face meetings and asking everyone to deal with matters by way of a telephone call or other means.

Please do not hesitate to contact me if you have any questions or concerns.

Mandy Hill
Practice Manager
Email: mandy@taylorfawcett.co.uk