How Long Does Conveyancing Take And What’s Included?

Posted By: on 5th December 2018 | Category:

Our fees* are based on hourly rates and the time that we think the sale, purchase, mortgage or re-mortgage will take. If more time is taken, or if unforeseen complexities arise we will have to revise our fee but we will notify you when we do.

The time we think the matter will take is based on a simple and straightforward matter with what we consider to be the normal amount of contact. Except where set out below, our fee covers the work from start to the end including exchange, completion, and where relevant, redeeming a mortgage, dealing with a mortgage on a purchase and the preparation of the Stamp Duty Land Tax form.

Examples of when we may have to revise our fee estimate is if work is required which we were not aware of at the time of instructing us.

Some transactions require additional work as set out on our list of additional fees and clients charged the amount set out.

* Our fee assumes that:

  • this is a standard transaction and that no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
  • this is the assignment of an existing lease and is not the grant of a new lease
  • the transaction is concluded in a timely manner and no unforeseen complication arise
  • all parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation
  • no indemnity policies are required. Additional disbursements may apply if indemnity policies are required
  • the title to the property is registered.

It is difficult to say how long a transaction will take as it will depend on a number of factors including the number of parties in a chain. You should expect a freehold sale or purchase to take four weeks to the point of exchange of contracts and a leasehold purchase or sale six weeks. It can be quicker and can be much longer. Most people complete a week after exchange of contracts but it can be a shorter or longer time.

OUR OFFICES

Brighton Solicitors

Lanes End House,
15 Prince Albert Street,
Brighton BN1 1HY
t. +44 (0)1273 323231
f. +44 (0)1273 820350
info@coolebevisllp.com

Horsham Solicitors

14 Carfax,
Horsham,
West Sussex RH12 1DZ
t. +44 (0)1403 210200
f. +44 (0)1403 241275
info@coolebevisllp.com

Hove Solicitors

79 Church Road,
Hove,
East Sussex BN3 2BB
t. +44 (0)1273 722532
f. +44 (0)1273 326347
info@coolebevisllp.com

Worthing Solicitors

5 The Steyne,
Worthing,
West Sussex BN11 3DT
t. +44 (0)1903 213511
f. +44 (0)1903 237053
info@coolebevisllp.com