This week sees a simple Question and Answer about the time it takes to purchase your new home
Q How long is it going to take?
A There is a lot of information that solicitors need to get the legal process started. So once that information is with the solicitor, we generally say the process takes 6 to 8 weeks to complete.
Q When should someone instruct the solicitor or conveyancer?
A Ideally as soon as possible. If you’re selling, there’s a lot of information that the solicitors need, they can guide you through what is required before the offer is accepted so it’s all there ready.
When you are looking to market the property is a good time to think about instructing a solicitor and not necessarily wait until an offer has been accepted.
Q What if you’re just buying a property?
A If you’re just buying a property there’s not as much information that a solicitor would need, so you can wait until an offer is accepted.
Q When should a conveyancer be instructed about the searches?
A It depends on the buyer’s situation. It would be good to have your mortgage offer and your survey undertaken, so that you know the issues with the property. Searches are quite expensive, so you want to make sure that everything is as it should be and then you pay for the searches at the last step. That said, if you’re looking to move quickly some searches can take 3 to 4 weeks to get back from the local authority so, if you are looking to move quickly it’s good to get those in as soon as possible, so it really depends on your circumstances.