Veitch Penny LLP - Exeter | Crediton, Devon

Buying a new home is probably the greatest financial commitment which most of us will make and you will need professional advice to guide you through the transaction, resolve any conveyancing issues, and ensure that it all runs smoothly.  Our aim is to make your move as quick and efficient as possible whilst offering a service which is good value for money.

How long will it take?

It's difficult to say how long the process will take as each transaction is different.  On average it is likely to take 6 – 8 weeks and can be longer especially if there is a chain.

The Transaction

Once your offer has been accepted we will receive a Sales Memorandum from the estate agents.  We can then contact the seller's solicitors to request a draft Contract and the Home Information Pack.  At the same time will ask you for search fees on account so that we may carry out any additional searches.

We strongly recommend that you instruct a qualified surveyor to carry out a survey on the property as your mortgage lender's valuation will not be a full survey on the property.

Once we have received the Contract, HIP, property information forms and any other documents relevant to the property we will be able to report to you on the title to the property.

Once you have received your mortgage offer we will be in a position to ask you to sign the Contract and agree a completion date with the seller.  At this stage we require a deposit which is usually 5-10% of the purchase price. (This may not be required if you are buying and selling as the deposit will be passed on.)

Completion (your moving date) usually takes place 7-10 working days from exchange of Contracts.  We will ask you for the balance of funds to cover all the conveyancing costs between exchange of Contracts and completion.