Moving house is exciting, but you need a legal expert on your side to make sure that your investment is sound. At Bonallack & Bishop, our Andover conveyancers have all the experience you need and a sound understanding of the local property market. And to prove that, plenty of Andover estate it estate agents regularly commend us to their client.
We deal with a full range of conveyancing transactions and act for homeowners, landlords and investors. We know how important it is to move a transaction forward promptly and we always work proactively to meet deadlines and avoid delays wherever possible.
Over the last 20 years, our conveyancers have helped around 10,000 people like you move home.
SO CALL OR EMAIL US NOW FOR YOUR CONVEYANCING QUOTE ON ANDOVER 01264 364433
Using local Andover conveyancers
There can be advantages to using local property solicitors. Our local conveyancing team are very familiar with the local area and know what searches you will need. For example, depending on where you are buying, we can advise whether you will need a flood report or an environmental report.
Our Andover conveyancing services
We offer a full range of conveyancing services in Andover and the surrounding area, including:
· Buying a new build – click here to find out more about the differences involved in new build conveyancing
· Buying a mobile home – click here to read about the differences involved in buying a park home
· Buying a shared ownership property – click here to read more about shared ownership conveyancing
· Buying and selling leasehold property
· Buying your council house – click here to read more about buying a council house
· Buy to let property – click here to read more about buy to let conveyancing
· Equity release
· Selling property or land
·: #333333;”> Andover conveyancing team are happy to provide a free quote and offer a free, no-obligation conversation at the outset so that you can ask us any questions.
If you are buying a property, you will receive a full written report before the exchange of contracts, and we will ensure that you have regular updates throughout your transaction so that you know exactly what stage we have reached and what will hapen next.
Buying a property in Andover
If you are buying a property anywhere in the Andover or Test Valley area we can help, from Weyhill to Picket Piece.
And whether it is your first home or you are selling and buying somewhere new, we know you will probably have questions about the process. We are always happy to talk to clients and if you ask us to represent you, we will ensure that we are available to speak to you as needed during your purchase.
Any questions on buying or selling property? Call us for free initial phone advice
The basic steps in a property purchase are as follows:
1. Arranging finance
Finding the right mortgage lender early on will give you an idea of the amount you can borrow. You can apply for a mortgage offer in principle before you have found somewhere to buy. This is the lender’s confirmation that they are prepared to lend to you. Having a mortgage offer in principle can reduce the time to deal with the full mortgage application once you have found the right property. It can also show sellers that you are a serious buyer who is ready to proceed.
2. Instruct a solicitor
You can instruct a solicitor at this stage. If you ask us to represent you, we will let you have the initial paperwork for completion, which can speed matters up.
3. Find a property to buy
When you have found the right property and had your offer accepted, you need to give our details to the estate agent. The seller’s solicitor will then be able to send us the initial contract papers.
4. Searches and enquiries
Our conveyancers will go through the contract papers, apply for the searches that you will need and ask the seller’s own conveyancing team any questions that we have about the property and its legal title.
It’s always a good idea to have a survey carried out and not to rely on your lender’s valuation, which will not be an in-depth examination of the property.
You can decide what level of survey you want, depending on the property. The surveyor will be able to guide you on the best type of survey for your needs. If the property is less than fifty years old, in good condition, of standard construction and average size and you do not intend to make major alterations, then a mid-level survey might be the right choice.
If your survey reveals any work that needs doing to the property, you can ask for a reduction in the amount you will be paying to take this into account.
Once we have the search results and replies to enquiries, we will give you a full written report on the property and the information we have uncovered. If you are happy to proceed with the purchase, you can sign the contract and mortgage deed. The contract is not legally binding until the exchange of contracts takes place.
You will need to pay a deposit, usually 10% of the purchase price and we will require cleared funds before exchange of contracts. If you are tying in a sale, we can usually use the deposit from your sale for your purchase.
7. Exchange of contracts
We will liaise with you and the seller’s solicitor over suggested completion dates. You will need to check that you can book removals. Once we agree on a date, we can exchange contracts and you will then be legally bound to complete the purchase on that date.
After exchange of contracts, we will order your mortgage advance. You will also need to let us have any balance of money necessary to complete.
On the day of completion, we will send the purchase money to the seller’s conveyancing solicitor. They will let us know once they have received this and the estate agent will release the keys to you.
In the days following completion, we will arrange to register your purchase and mortgage with HM Land Registry.
Selling a property in Andover
Instruct a solicitor
If you are selling a property, you can instruct us before you have a buyer. We can complete the initial work, including verifying your identity and opening a file in readiness. We will also let you have the forms you will need to complete for the buyer, including a property information form and a fixtures and fittings list.
Instructing a solicitor early on can reduce the time taken to reach the exchange of contracts. This can be important if someone has a strict deadline, for example, if the person at the end of the chain is buying a new build home.
2. Issuing the contract package
Once you have accepted an offer for your property, our conveyancers will send the contract package to the buyer’s solicitors. This will include the contract, a copy of the legal title, a copy of the official plan of the property, the property information forms and a fixtures and fittings list.
The seller’s solicitor will review the information provided and may come back to us with questions. We will work with you to answer these promptly.
We will also obtain a mortgage redemption statement from your lender. This will give you some idea of the amount they will need to redeem your mortgage and any additional charges they are making, such as an administration fee or redemption penalty.
3. Exchange of contracts
We will discuss completion dates with you and with your seller’s solicitor. You will need to check that removals are available for your preferred days. We can then exchange contracts and the completion date will become legally binding.
We will obtain an accurate mortgage redemption figure calculated to the day of completion.
On the completion day, you should leave your keys at the estate agent once you have moved out. We will let you know once we have received the sale money from the buyer’s solicitor and we will confirm with the estate agent that the buyer can pick up the keys.
We will arrange for your mortgage to be redeemed.
If you are remortgaging, you will usually need a solicitor to deal with the transaction unless you are staying with your existing lender.
If you ask us to represent you, your new lender will need us to do much of the same work as on a purchase. This is because they must establish that the property is good security for their loan.
We will obtain a redemption statement from your existing lender so that you can see how much you will receive on completion or need to pay before completion.
Following completion, we will arrange to remove your former loan from the Land Registry and register the new loan.
Our Andover office offers full disabled access, ground floor interview rooms and car parking.
LOOKING FOR ANDOVER CONVEYANCERS? CONTACT US TODAY
If you live in the Andover area and looking to buy a flat or house, and you’re looking for a conveyancing lawyer near you, call us now to see how we can help you.
You can find our Andover office at;
Tel: 01264 364433