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 16 -20 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, much will depend upon the developer.
The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
If we assume you are buying a freehold property in Market Weighton with no mortgage for £150,000.00 the fees would be estimated as follows:
Estimated total: £750.00 plus VAT plus Disbursements.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees, Search Fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
On leasehold properties some of the above estimated fees can be significantly greater. The lease document will show the appropriate fees and we will not know these until we hold a copy of the lease document.
Please also remember with a leasehold property there is likely to be an obligation to pay ground rent and a service charge per annum for as long as you own the property.
Please understand there may well be additional disbursements that we cannot predict. If there are other fees to pay we will inform you.
This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website.