Personal
SOLVING PERSONAL LEGAL MATTERS
Thinking of moving home? Buying or selling? Just make sure you don't miss any details as the smallest mistake can prove costly down the line. Both selling and buying a house can be a complex and stressful process at times, which is compounded if you're unsure what is going on at any stage or where things are up to.
Simple mistakes such as forgetting to fill out stamp duty forms on time and not reading the fine print on a contract can mean the difference between a smooth transition and a bad experience. This is why you need to trust a law firm who has your best interests at heart.
We love explaining the 'small print' to our clients because it means they understand everything about their transaction and move forward with confidence.
Whether you're a first home buyer or seasoned investor - it's important to remember a few key steps on your climb up the property ladder. We've highlighted the most important on our handy little graph:
This guide to selling a house begins at the point that you accept an offer on your property. Before this, you will usually have put your house on the market with an estate agent, although you may have instead sold it privately. Regardless of how the property has been marketed or sold to this point, the house selling guide steps will then include:
The step-by-step guide to buying a house begins as soon as you've had an offer accepted on a property. The next steps are:
At Forbes, we understand how stressful buying or selling a house can be. The last thing you need to be worrying about is if you've failed to understand any of the finer points on your contract or even if you're getting a good deal.
The consequences of missing any detail, when buying or selling property could prove to be a costly mistake. This is why it's essential to put your trust in a firm who never cut corners and offer a comprehensive service. We aim to make your transaction as smooth as possible by worrying about all the 'small print' on your behalf.
Simply put, we're here to help you.
So whether you're buying or selling a home, contact Forbes Solicitors today and make sure your best interests are protected.
Call us today on 0800 689 1358 or call into any of our offices in Accrington (by appointment only), Blackburn and Preston for expert and above all friendly advice on buying your home.
Get in touch to see how our experts could help you.
Monday to Friday:
09:00 to 17:00
Saturday and Sunday:
Closed
It's often possible to sell your existing property and buy a new one on the same day, as long as both transactions are prepared properly beforehand and there are no last-minute issues with either of the properties in terms of fund transfers, mortgage or paperwork problems.
It works because the buyer of your property will essentially pay you a deposit on exchange of contracts that you can use to pay part or all of your own new deposit on your next home.
When you complete on both purchases (on the same day), your mortgage lender is repaid by the buyer's funds, which means your new lender (or new mortgage agreement if staying with the same lender) can go ahead.
Selling a house before buying a new one will generally put you in a stronger position when it comes to buying your new home and you are more likely to have an offer accepted if you are in a position to proceed immediately because you have already sold your existing property.
However, this may mean that you are under pressure to buy your new property quickly so that you don't end up without somewhere to live once the sale of your existing home goes through. Some people choose to move into rented accommodation or move in with family or friends in the interim if there is a gap between selling and buying.
Buying a house before selling your existing property may be possible in some circumstances, as long as you have the necessary funds or income to support your mortgage lender's affordability criteria for having two properties at the same time until yours can be sold.
Some people choose to make offers on properties before selling their current home, but this is usually only advised when you are sure that your existing property will sell quickly. You may find that the seller of the property you want to buy will only accept an offer from you when you are in a position to proceed, which may mean you need to sell your home first.
If you have no mortgage secured on your existing property, have the necessary funds for a deposit for the new one and a mortgage in principle agreed, you should be fine to proceed with buying a new house before selling your current one.
In order to buy and sell a house at the same time, you'll need to ensure:
The amount of time it takes to buy a house will vary widely, depending on a lot of different variables such as the seller's responsiveness and whether all of the required documents, forms, searches and other legal requirements can be carried out and completed as quickly as possible. Most house purchases take between 6-12 weeks but can take much longer.
Our expert conveyancing team can assist with your property purchase or sale. Get in touch to find out more.
Get in touch to see how our experts could help you.
Partner, Conveyancing Solicitor, Blackburn
Residential Conveyancing
Blackburn
01254 222 349
Residential Property Paralegal
Residential Conveyancing
Blackburn
01254 222398
If you have a general enquiry then please fill in your details and someone will contact you.
Monday to Friday: 09:00 to 17:00
Saturday and Sunday: Closed