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At Davis & Co we will always strive to complete your transaction as soon as possible, however a lot will depend on the other Conveyancers in the chain and how quickly the other party and their Conveyancers respond to our enquiries and deal with matters on behalf of their client. Also, the length of the chain will have a bearing on the timescales as the longer it is, the longer the transaction generally takes. On average a typical purchase transaction will take between eight to twelve weeks to complete. However, if you are purchasing a leasehold property, then the timescales will be longer as leasehold is more complex than freehold. You can expect therefore that these transactions can take up to twenty weeks (or in some cases even longer). Also, brand new properties will take longer than standard properties if they are in the course of construction when the offer is made.

As Licensed Conveyancers we are able to act on both sides of a transaction provided that at the outset we do not consider that there is a conflict of interests or a conflict of interests is likely to arise and provided both parties consent to us acting on both sides of the transaction.

This will depend on the amount of work carried out up until the time the transaction aborts. In general terms, if we are halfway through a transaction when it becomes abortive, then you will be liable for half of the fees initially quoted to you at the outset. If you are almost at the point of exchange of contracts before it falls through, then most of the work will have been carried out on your file so most of your initial estimate will be due. If you are purchasing, the fees incurred for the searches will also be lost as these fees are spent right at the beginning of the transaction. It may be possible to offer these for sale to a future buyer but please bear in mind that the searches are only valid for 6 months.

We strongly advise that you do not give notice to your Landlord until contracts have been exchanged otherwise you may run the risking of having nowhere to live. Once contracts have been exchanged, the contract becomes legally binding and it is at this point you should serve notice on your landlord.

If you are having a mortgage your mortgage lender will carry out a basic valuation of the property. This is to assess whether the property is sufficient security for the loan which you require. The valuation does not provide detailed information and we would therefore recommend you instruct a professional surveyor to carry out a survey. The surveyor should be a member of the Royal Institute of Chartered Surveyors (RICS).