GET YOUR CONVEYANCING QUOTE TODAY

 

It has been said that buying and selling a house can be one of the most stressful times in your life, and no doubt you will agree with this statement.

image showing residential property solicitors londonIt is therefore important to use a firm of residential property solicitors you can trust to take as much stress and pressure out of the legal process of buying and selling a home as possible. This will allow you to focus on the important worries when moving house such as buying new furniture and decorating your new home, whilst we manage the legal processes for you.

Even if you are buying a new home, you may not sell your old property and may be considering becoming a landlord and renting it out. If this is the case, you will need to protect yourself and your property by having a proper letting agreement drafted by a solicitor. Whilst most tenants are fine, there are a minority who could cause you a problem, so it is better to be protected right from the start.

In addition, if you are already a home owner but your property is leasehold you may want to explore the possibility with neighbouring leaseholders of buying the freehold from the owner, or perhaps the lease is getting shorter and you would like to sell your property and therefore need to extend the lease further before putting your house on the market

Whatever the circumstances, you can be sure that the team of residential property solicitors at VLCW London can meet your needs.

How Can VLCW Solicitors Help Me?

We are a Law Society Conveyancing Quality Scheme accredited firm which means that you and any lenders have the assurance that we are appraised annually by the Law Society for our expertise and service levels. Your matter will be handled and supervised throughout by a solicitor director with a minimum of 5 years’ experience.

We do understand how stressful a property sale and purchase can be, therefore we will do all we can to make it go as smoothly as possible. This includes keeping you up to date with the progress of both your sale and purchase and flagging any potential issues early on, so we can prepare for them. Most of the time there is the added complication of other people in the sale and purchase chain but we will have good lines of communication with the other parties involved to minimise any disruption to the process.

Our friendly yet professional team of residential property experts will use all their knowledge and experience to get you moving as quickly as possible. However if you are investigating lease renewal or extension, we will be tenacious in our approach and ensure that you remain protected throughout negotiations.

None of our team use legal jargon, and we pride ourselves on being approachable and plain-speaking, so if you need help with any aspect of residential property law, contact us now to see how we can help.

The Conveyancing Process

Purchase

The precise stages involved in the purchase of a residential property vary according to the circumstances. Here are some key stages:

• Take your instructions and give you initial advice
• Check finances are in place to fund purchase and contact lender’s solicitors if needed
• Receive and advise on contract documents
• Carry out searches
• Consider any survey report
• Obtain further planning documentation if required
• Make any necessary enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer with you
• Send final contract to you for signature
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with payment of Stamp Duty Land Tax
• Deal with application for registration at Land Registry

Sale

The precise stages involved in the sale of a residential property vary according to the circumstances. Here are some key stages:

• Take your instructions and give you initial advice
• Contact lender if there’s a mortgage over the property
• Obtain Official Copies of the Title of the property from the Land Registry
• Provide you with the Protocol Forms for completion
• Check the Protocol Forms
• Draft Contract
• Send draft Contract with Protocol Forms and relevant documents to the buyer’s solicitors
• Obtain further planning documentation if required
• Consider and advise you on enquiries from the buyer’s solicitor
• Reply to enquiries raised from the buyer’s solicitor
• Send final contract to you for signature
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Obtain redemption figure for paying off any mortgage on the property
• Complete purchase
• Redeem any mortgage on the property
• Send you the balance of sale proceeds

How long will it take?

How long it will take from your offer being accepted until you can move in to your house will depend on several factors. The average process takes between 6-8 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first-time buyer, purchasing a new build property with a mortgage in principle, it could take 10 – 12 weeks. Likewise, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 4 months. In such, a situation additional charges would apply.

Contact Us Today

To find out more about our residential property services, please call our specialist and professional team residential property solicitors in London on 020 7490 5861 and we’ll be happy to discuss your requirements with you.

If you would rather contact us online, you can email us on info@vlcw.com and we’ll respond to your email shortly.