Completion Day | Wheelers Solicitors | Ryde Newport Cowes Isle of WightCompletion Day: You’re almost there. After a seemingly endless procession of surveys and searches, today is the day where you finally move in to your new home!

The kids are ready, everything is bubble wrapped and packed neatly into the van and you are chomping at the bit to get into your new home and put the kettle on.

But there is still one last obstacle for you to overcome before your are given your new set of keys…completion day.

In theory, completion day is the easy bit, with both sides committed to the sale and the paperwork done. 99 times out of 100, this goes well.

Completion must take place on a weekday – when the banks are open! When buyers (and their mortgage companies) pay over their money they must have the keys.

On completion, the monies are transferred and the contents of your home loaded and delivered and somehow this all has to come together for the ‘completion time’ of 1:00 pm.

Everyone in the chain aims to do the same thing, they all need to complete on the same day so that funds from the sale can be used for the purchase. Each link in the chain has to wait until the one below it has completed before they too can complete.

Usually the money will be moving faster than the furniture and this only causes a problem if the person moving out is taking too long. The buyer must have sufficient daylight hours to move in. If you are moving yourselves please bear this in mind.

We advise our clients that they should aim to vacate their property by midday and anticipate access to the new property by 1:00 pm (and to go to lunch in the meantime!)

Once the money is received by the sellers’ solicitors, they call the agents and authorise them to release the keys. Provided the agents have the keys all is fine but they can only release keys if the sellers have moved out.

The monies are sent by CHAPS – same day cleared funds – but the only guarantee the banks give is that the monies will be with the recipient bank by close of business that day. It is therefore imperative that the buyer’s own monies and those of their mortgage lender are sent to their solicitor at least one working day before completion, to ensure that everything can happen smoothly on completion day.

Wheelers Solicitors specialise in residential conveyancing on the Isle of Wight. If you would like an online quote for your sale and/or purchase please click hereAlternatively, please call us to discuss your requirements on (01983) 533938 or contact us here.

 

Our top 5 reasons why using a specialist Probate Lawyer will make Probate easier for you

Probate Lawyer | Wheelers Solicitors Isle of WightIt’s never easy to lose a loved one. At Wheelers Solicitors we are here to help and guide you through this undoubtedly difficult time with care, discretion and consideration. If you are also the executor of an estate (or an administrator when there is no Will) then you will also be facing a lot of responsibility at this time. Wheelers Solicitors have a dedicated specialist Probate Lawyer and support team who can help guide you through this process.

Balancing being an Executor while you are grieving yourself

The period of mourning and adjustment that follows a bereavement can be overwhelming, let alone when you are also the Executor of an Estate. Your Probate Lawyer will guide you through the process with patience, understanding and support.

Families

Probate Administration | Estate Administration | Probate Solicitor | Wheelers Solicitors Isle of WightModern families can be complicated. Step-children, estranged siblings, ‘merged’ families, the list goes on. At a time where emotions are running high, any tense relationships can be exacerbated. Having a specialist Probate Lawyer by your side can help to ensure smooth relations between all parties during this difficult period.

Expense

Probate can be a time-consuming process which requires a lot of attention to detail, and any error may cost you a large amount of both time and money. A specialist Probate Lawyer understands the pitfalls and knows what to look out for. Potentially saving you time, money and stress in the process.

Complications

If you have not been an Executor before then it can be very easy to overlook certain details. Probate can be complicated and should any errors arise then the Executor(s) can be held personally liable. Probate Lawyers understand the complexity of Inheritance Tax law and will make sure that you don’t end up personally liable for any debts of the Estate.

Knowledge

Probate Lawyers have undertaken specialist training to understand the Law of Wills and Succession and the complexities regarding Inheritance Tax. If a Grant of Probate is required then your lawyer will prepare a full set of Estate Accounts, a tax document for HMRC (even if there is no Inheritance Tax to pay) and will prepare the application for the Grant itself.

Your Probate Lawyer will also be able to advise you on any complex issues regarding the gifts in the Will or where there are disputes in the family regarding this.

How Wheelers Solicitors can help you

Wheelers Solicitors offer a free half hour consultation to discuss all aspects of Estate Administration. If you would like to arrange this then please call us on (01983) 533938 or contact us here.

You can also learn more about our Estate Administration services here.

Harness the expertise of a Property Solicitor on the Isle of Wight

Property Solicitor | Wheelers Solicitors Isle of WightWhether you are buying or selling, moving house is an incredibly exciting experience. From first time buyers to experienced landlords, the flutter of anticipation when you receive the keys to your new home cannot be denied. By appointing a specialist Property Solicitor, you are able to minimize any potential stresses and be safe in the knowledge that your conveyancing will be in the best possible hands.

Knowledge

There is a certain mystique around conveyancing. However, that mystique turns to outright confusion when met with terms such as “easement”, “restrictive covenant” and “caveat emptor”. Your Property Solicitor hears this sort of jargon day in day out. They will be able to relay them to you in simple, straightforward terms.

Ease

Even what should be the easiest of conveyancing transactions can be hit with complications. At the 11th hour the last thing you want to be hit with is an unexpected boundary dispute or subsidence problem. Your Property Solicitor has the skills and expertise with which to solve any issues correctly and efficiently with minimal fuss.

Relaxation

Conveyancing Isle of Wight | Wheelers SolicitorsResearch shows us that aside from death and divorce, moving house is one of the most stressful things a person can do in their lifetime. Whilst your Property Solicitor is dealing with the complex aspects of a Lease clause dating back 80 years, you are able to spend your time choosing new furniture or having that long overdue clear-out.

Security

Buying a house or flat is, for the majority of people, the single most expensive purchase you will ever make and the consequences of a single mistake are potentially disastrous. Your Property Solicitor will go over all aspects of your conveyancing with a fine-toothed comb and help to iron out any potential issues.

Speed 

After you’ve chosen the house of your dreams, the last thing you want to do is wait around for what seems like forever. Having a specialist Property Solicitor at your side will ensure that the process is swift and smooth. Recently, our very own Jacob Sandbach completed a conveyancing transaction in just 9 days!

How Wheelers Solicitors, Isle of Wight can help you

Wheelers Solicitors specialise in residential conveyancing on the Isle of Wight. If you would like an online quote for your sale and/or purchase please click here. Alternatively, please call us to discuss your requirements on 01983 533938 or contact us here.

You can also read more about our Residential Conveyancing service and download our free guide here.