This is where both yours and the vendor’s solicitors or conveyancers do the background checks like enquiries, searches and document preparation.
Things like survey and drainage diagrams will be examined, government departments and the local council will be contacted, and mortgage finance and documentation organised.
From exchange of contracts it usually takes four to eight weeks until settlement.
Tip – If sold by private treaty or prior to auction, you and the seller can agree on a delayed settlement where the date for settlement can be agreed on in the negotiations.
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This information is of a general nature only and does not take into account your objectives, financial situation or needs. We are not financial, legal or tax advisers. You should seek appropriate professional advice specific to you before acting on this information.
