How long does a conveyance take?
If there are no problems and no chain, exchange is about 2 - 3 weeks from the buyer's solicitor receiving the contract. Completion is usually about 2 weeks after exchange. However bear in mind that if you are part of a chain of transactions, the chain will only move at the speed of the slowest link. This could prolong the process.
Do I need a survey?
Yes is the simple answer. If you are having a mortgage, the mortgage company will carry out a survey or valuation. This will not be very detailed and you may not even see it. A Home Buyer's Report or a structural survey is advisable. In fact most people do not do this but it is "buyer beware" and if you buy a house with a problem, it will be difficult to hold the seller responsible.
How much does a conveyance cost?
This varies with the price of the property. Phone us and we can give an estimate of the costs and disbursement (stamp duty, search fees etc.). Solicitor's costs on leasehold properties are higher than for freeholds as there is a lot of extra work involved. Stamp duty starts for purchases over £125,000 at 1% of the purchase price, it increases to 3% for purchases over £250,000 and to 4% for purchases over £500,000.
Fisher Jones Greenwood now offers conveyancing from the Colchester, Clacton and Chelmsford offices.