Our Conveyancing Legal Hour is hosted by Karen Chui, Principal Associate in our Residential Property Department.
If you require further help regarding buying and selling a property, please phone us on 01279 755777 or contact Karen Chui directly.
Our Conveyancing Team will be hosting the Nockolds Legal Hour on the following dates:
|Wednesday 22nd November 2017 ||12pm - 1pm |
|Wednesday 24th January 2018 ||12pm - 1pm |
|Wednesday 7th March 2018 ||12pm - 1pm |
|Wednesday 18th April 2018 ||12pm - 1pm |
|Wednesday 30th May 2018 ||12pm - 1pm |
Our Latest Legal Hour Questions (11.10.17) Read your previously answered questions here
We how long does it take to buy a house? I've heard it can be very quick but also very slow...
Generally speaking it takes 6-8 weeks from when your solicitor receives a contract pack from the seller's solicitors provided it's a straightforward freehold.
If there is a long chain or the property is leasehold such as a flat or there is a leasehold property in the chain then longer as the chain can only move as quickly as the slowest link even if you are ready others need to catch up. This can mean the timeframe is more like 12 weeks the Land Registry average has tended to record the longer period and it is only likely to be quick when the chain is short or no mortgages are involved.
Other factors that impact on this may be the property is a new build searches are taking a long time or you have complex arrangements to raise funds such as an associated remortgage. Best thing is to speak to your solicitor for a realistic expectation as often the run up to an offer being made and the first few weeks after does not count as legal work has not started yet.