F.A.Q.

Conveyancing is the legal process of transferring property ownership. The seller’s solicitor draws up a contract which both parties sign once the buyer’s solicitor has made all prudent enquiries to ensure that there are no problems with the ownership of the property and the legal title is sound. The property and funds change hands on completion.

The average time taken, from our receiving your instructions to exchanging contracts, is usually between 10-12 weeks. However, it can be longer.

At the point of exchange, which is the final stage of the property buying process, your purchase becomes legally binding. This means that both parties involved in the transaction are obligated to fulfill their respective responsibilities. It is an important milestone that signifies the agreement between the buyer and the seller.

However, it is not until completion, which is the next and final stage, that you officially become the legal owner and obtain the keys to your new property. Completion is the exciting moment when you can finally move into your new home and start making it your own.

Some businesses rent premises without legal advice, especially when agreeing to a flexible property license with a reputable landlord like a local authority. However, you must be clear about your obligations and potential liabilities. For instance, you could be responsible for costly repairs, stuck in an inflexible arrangement, or dealing with an uncooperative landlord if the property is sold.

Having a lawyer review a basic rental agreement is affordable, while making mistakes can be costly. Therefore, it is always wise to seek professional advice.

We recommend that you update your Will whenever your circumstances change. This can include changes in your personal or financial circumstances.

Listed below are a few examples of changes which could significantly affect your existing Will:

– Marriage

– Separation

– Divorce

– Disposal of assets mentioned in your Will

– Inheritance of new assets

– Financial changes which could affect your Inheritance Tax liability, such as increases in the value of property or shares

When people refer to Probate, they are typically referring to the entire process of managing a deceased’s persons estate, which broadly encompasses all their outstanding liabilities, assets, and going concerns. 

For estates where there is no inheritance tax to pay, we would suggest that 7 to 12 months would be the average timescale. For larger, more complicated estates or in some extreme cases (usually involving complicated trusts or very valuable estates), it can take longer than this.  

It is almost impossible to predict at the start of dealing with an estate how long it is going to take. While it can start from 6-8 weeks, the process can take any matter of time depending on the size of the estate. 

If your questions havent been answered above, please get in touch using our contact form and we will get back to you as soon as possible.