CYBER FRAUD WARNING: Should you receive an email purportedly from us stating that our bank details have changed or previous details were incorrect, please contact us immediately by phone and do not send any funds to that account. Cyber fraud is now a major problem and we are not responsible for funds transferred to an incorrect account.
Our conveyancing fees are transparent. We don’t add hidden “extras” so the price quoted for our services includes all the legal work we need to do for your sale, purchase or remortgage.
This includes the work we do for your mortgage lender where they instruct us and the completion and submission of your stamp duty return.
On a purchase of a property, we also carry out a “Lawyer Check” before sending money to the seller’s conveyancer This verifies that the account details we have been provided with are genuine and the conveyancer is who they say they are and not an imposter. There is a huge increase in fraud involving hacked emails with criminals targeting property purchases. The cost of this check is £18 including VAT which we pass on to you.
We look to build up long term relationships with our clients and I rely on recommendations from our existing clients and the estate agents and brokers they use.
We don’t pay any referral fees.
The work will be carried out by the conveyancer you have instructed who will be Adil Vittachi.
Please contact name at avittachi@setfords.co.uk where I am now working.
How long will my house sale or purchase take?
How long it will take depends on a number of factors outside our control. Typically moves take ten to twelve weeks but it can take longer if there is a chain or the property is a leasehold. Other things that can delay a move would be of a lease needs to be extended or varied, probate is needed for a seller who has died or if a freeholder or managing agent takes time to provide information needed.
Stages for a residential purchase
The precise stages involved in the sale of a residential property vary according to the circumstances. We have set out below the usual tasks that we will complete during the transaction. We will:
- Take your instructions
- Check finances are in place to fund purchase
- Suggest you consult a surveyor
- Receive and advise on contract documents
- Carry out such searches as your mortgage lender requires and any additional searches agreed with you
- Review planning documentation if required
- Make any necessary enquiries of seller’s solicitor
- Give you advice on all documents and information received
- If a leasehold property, advise you on the main terms of the lease
- Go through conditions of mortgage offer with you
- Send final contract to you for signature
- Agree a completion date – the day the keys are released
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Advise you on the Stamp Duty Land Tax payable (it may be necessary in more complex transactions for specialist advice to be taken (which may incur additional costs)
- Deal with payment of Stamp Duty Land Tax
- Deal with application for registration at the Land Registry
Stages for a residential sale
The precise stages involved in the sale of a residential property vary according to the circumstances. We have set out below the usual tasks that we will complete during the transaction. We will:
- Take your instructions and establish the nature of the transaction
- Provide you with an estimate of our fees and third party payments
- Provide you with our client care welcome letter and terms of engagement
- Verify your identity usually by electronic means
- Check whether you have a property to purchase and any connected transaction
- Obtain the estate agent’s commission terms
- Obtain an amount owing statement from any mortgage lender
- Send you the property and fittings and contents forms for completion
- Prepare the contract documents and send these to the buyer’s solicitors
- If a leasehold property, obtain a copy of the lease from the Land Registry and enquire as to a Seller’s pack from the freeholder/managing agents
- Obtain your responses to enquiries made by the buyer’s solicitors
- Send final contract and transfer deed to you for signature
- Agree a completion date – the day the keys are released
- Exchange contracts and notify you that this has happened
- Complete purchase
- Prepare completion statements for you and the buyer’s solicitors
- Out of the sale proceeds, pay your mortgage (if any), pay your estate agent’s commission and account to you for any balance