Home & Property

As a guideline, a straightforward transaction can take between 6-8 weeks to complete from the point at which the legal work commences i.e. when contract packs are received if you are purchasing, once contract packs have been issued if you are selling, once your mortgage offer has been received if you are re-mortgaging.

If you are transferring equity in a property which is not mortgaged, this should take between 4-6 weeks, once the legal work has commenced.

However there are some instances where the timescale may be reduced, for example if there is no chain or if the matter is a cash transaction not requiring a mortgage.

There are also instances where this may be increased, usually where there is a long chain or the matter is more complex than the usual transaction.  For example, if an unforeseen complicating factor such as those listed in the table above has to be dealt with. Whilst we will always keep you updated as to progress throughout.

You will need a solicitor or licensed conveyancer to carry out the legal work on purchasing or selling property. Quotes you get will vary, but be sure you are instructing a firm with the credentials to support you and your individual requirements. 

At Goughs we quote on a bespoke basis, so additional costs don’t sneak in further down the line. 

We will also offer you a dedicated lawyer so you have a point of contract throughout your transaction. Our knowledge of Wiltshire and the surrounding areas is second to none, ensuring your transaction is completed as quickly as possible. 

Get in touch for your bespoke quote.

In some circumstances, for example, borrowing more money from your existing lender on your current arrangement, you may not need a mortgaging solicitor. 

You will although need to instruct a conveyancing solicitor when adding or removing someone from your mortgage. 

As all situations are unique we do recommend giving us a call to discuss your options. 

Equity release refers to a variety of methods of releasing some of the value tied up in your home, or property. 

The money could be withdrawn in one large lump sum, one large sum followed by subsequent smaller amounts, or a series of smaller payments. There is plenty of flexibility designed to suit you and your unique circumstances. 

Extending your lease, when conducted without the necessary knowledge and experience of the law, can quickly become a long and complicated process.

At Goughs Solicitors we have the expertise to discuss what is involved, the costs and how our experts can offer you the right advice to ensure the process of your lease extension runs smoothly. 

To find out more, please click here.