At Wheelers Solicitors in Newport, Isle of Wight, we ensure that the the costs of your conveyancing transaction are fully transparent right from the start, with no ‘hidden extras’. We provide a bespoke quote for every matter which encompasses all of your particular circumstances. There are several factors that affect residential conveyancing prices as outlined below:
Disbursements are costs related to your matter that are payable to third parties, such as the Land Registry. We manage the payment of these fees to make the conveyancing process run more smoothly. We will provide you with a bespoke quote outlining our full residential conveyancing prices and the particular disbursements relevant to your matter.
You should also be aware that Ground Rent and Service Charge are likely to be payable throughout your ownership of the property. Once we have had sight of the Lease for your proposed purchase we will be able to advise you of these.
How long it will take from your offer being accepted until you can move in to your house will depend on a number of 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 6 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 5 months. In such, a situation additional charges would apply.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:
A sale is affected by many of the same factors as a purchase as your buyer may have to secure a mortgage and you may be linking your sale with an onwards purchase. Likewise, your buyer may have a related sale.
The precise stages involved in the sale of a residential property vary according to the circumstances. However, below we have set out some of the key milestones:
Your transaction will be handled by a member of our experienced Residential Conveyancing team supported by their dedicated legal assistant. To read more about our staff and their experience please click here.