First time buyer help!

ALacoste

Does anyone know how long the conveyancing process takes? And what is involved?

RAS

Are you in a chain? Any leasehold involved? 

ALacoste

No chain and its a freehold

RAS

So your vendor is not buying anything?

ALacoste

This is there additional property which they rented out. The tenants have moved out and they have decided to sell. 

hpsauce86

At the moment conveyancing is taking about 4 months, but can be shorter or longer depending on many, many things. 

ALacoste

Hi our solicitor has requested for the searches and our honebuyer report highlighted damp. We are getting a damp survey done this week. What are the remaining steps to complete? And when do we get our completion date?

lika_86

ALacoste said:

Hi our solicitor has requested for the searches and our honebuyer report highlighted damp. We are getting a damp survey done this week. What are the remaining steps to complete? And when do we get our completion date?

You should really have had an explanation at some point, maybe in the introductory information from your solicitor. But, generally the whole process when buying is:
- your solicitor receives a draft contract and copy of the title and various forms from your seller
- they then order searches
- they then raise any enquiries with the vendors based on the information received from the sellers
- once search results come back they will then raise any enquiries arising from the searches
- once all enquiries are answered they will do a report on the title for you to read with everything you need to know about the property
- you will need to sign the contract, mortgage deed etc
- an exchange and completion date will be agreed
- before completion your solicitor will need to request funds from your lender.

Some of these may overlap or take place at a slightly different time (some solicitors may wait until the searches come back before raising all enquiries at once), but it's broadly a guide.

Search results and the time taken to get satisfactory responses to enquiries are the things that you can't predict in terms of timing.

macman

Completion date will be confirmed by exchange. Impossible to say how long the other processes can take, because things like local searches vary greatly depending on your LA.
If you have a target date, speak to your conveyancer.

Tom_Ballard

I would always have a survey done - we did and found that the previous owner had not obeyed the listed building consent on one of the outbuildings, meaning we had to get them to agree to an indemnity policy to cover any future legal actions.