Frequently Asked Questions
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Q. Will I have to visit the Solicitors to sign the contracts?
A. No, there is no need to visit the solicitors. All documents will be posted out to you together with clear instructions on where you will need to sign.
Q. If I have any questions regarding the documents sent to me who do I speak to?
A. Your Solicitor will provide you with a contact telephone number where a member of staff if not themselves will be happy to answer any questions you may have.
Q. How long will the sale take to complete?
A. This is the most frequently asked question. In cases where there are only the buyer and seller involved and both parties are in position to move quickly it can take less the 2 weeks. However most cases will take longer due to other factors which will be made clear by your solicitor once they have established the position of all parties involved.
Q. When does the sale become binding?
A. The sale becomes binding once contracts have been exchanged.
Q. What is SDLT?
A. Stamp Duty Land Tax, This document must be completed by the purchaser and returned within 30 days of the transaction to H M Revenue & Customs. The form is normally completed by the solicitor who may charge a fee for the service.
Q. What is Acting for the Mortgage Lender?
A. Should you be taking out a mortgage to acquire your property, then your mortgage lender will ask that your solicitor carryout work on their behalf relating to your purchase. Your mortgage offer will clearly state this and should also give some indication as to the fee that will be charged to you by your solicitor.
If you have a question email: Mail@moresolicitors.com
