Blackstone's Solicitors

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Welcome and thank you for choosing to view our Property Department...
We would like to inform you of how the process of property transactions takes place and generally how long they may take. We deal with Residential and Commercial Property transactions of all sizes and values. Our department would be happy to discuss any property matter you have in mind. We shall outline below a typical residential freehold transaction - Instructions - You tell us to do your conveyancing Exchange of Contracts - We exchange contracts with your seller/purchaser's solicitor Completion - We send/receive the purchase money for the property Registration - We register your ownership of the new property The above is a very brief outline of what is involved in buying a house. Delays and lack of information are the main sources of complaints clients have of solicitors in conveyancing matters. Our aim is to prevent delays and inform our clients at every step of the process. If you instruct us you will be provided with our own booklet on the conveyancing process explained.
FAQs What and when do I pay you? Sellers You will need to provide us with money in advance to pay the Land Registry for Office Copies and any charge your lender may make for providing us with your deeds. If you have a Leasehold property then the management agents usually make a charge for providing insurance, service charge and ground rent information. Our costs are taken at the end of the transaction. Buyers There are 4 sets of fees you will need to provide us with as a buyer, listed below - Searches fees for us to pay 3rd parties on your behalf Your 5% or 10% deposit cheque before exchange contracts and once your mortgage offer has been received Stamp Duty Tax payable to the Inland Revenue Our costs for your conveyancing The balance of the purchase money we will usually receive from your mortgage company, which needs to be transferred to your seller on the day of completion.
How long will my conveyancing take? 8 weeks is the minimum time estimate we usually give but this can depend on various factors. There are a number of people involved in a transaction that can reduce or extend the process and include the following - Your Purchasers / Sellers Solicitors You or the Other Party Other buyers, sellers etc in the chain who for a number of reasons are unable to proceed as quickly which has a domino effect on the whole chain. This leaves the process going only as fast as the slowest person. Estate Agents Mortgage Companies / Banks Mortgage Brokers Surveyors Local Authorities, Land Registry or other 3 rd Parties providing search results We always ensure the process moves as quickly as possible. You can help by having any mortgage offer in place and returning to us completed SPIF & FF&C forms if you're selling.
Can I call you? We will be happy to speak to you about your sale or purchase at any time. Our support staff will provide you with updates on your transaction(s). You will also receive update letters every other week.
When should I get a survey done? Once your offer has been accepted and your mortgage is being arranged then you should instruct a surveyor. All surveyors' reports will reveal some faults in a house which is to be expected. Depending on how serious the fault is you may re-negotiate the purchase price.
What will happen if I pull out after contracts have been exchanged? If you pull out then you will incur serious financial penalties. We will always obtain your written authority to exchange contracts before we go ahead to confirm you are happy with your purchase.
If the conveyancing doesn't complete will I have to pay anything? We will make a reasonable charge for the work we have done
Where and when do I pick up the keys? The keys will be available on the day of completion usually from the estate agent. Alternatively you may wish to arrange picking them up from the seller.
Call us for a free no obligation quote on - 08707 - 66 - 76 - 98

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