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Home > Conveyencing > Buying and Selling Your Home

Buying and Selling Your Home

Fosters provides an expert service to clients when buying and selling properties. Our experienced lawyers are supported by all the latest technology.

In the same way that a surveyor checks it is physically sound, we check that it is legally sound.

We are an efficient and friendly team. We work closely with you and with all others involved to ensure the best service in terms of quality and speed.

We will keep you fully informed throughout supporting you all the way. We know that moving house can be stressful.

Fosters is experienced in dealing with unusual properties. The quality of our service is illustrated by the volume of the repeat business we receive from satisfied clients and those who recommend family and friends. We provide advice and help across a wide spectrum including:

House sales
House purchases
Remortgages
Residential tenancies
Leasehold sales and purchases
New properties
Matrimonial transfers
Right to buy
Site development/plot sales and purchases
Buy to let
Affordable Housing

Frequently Asked Questions

When is the balance due from us payable?
The whole balance (to include Fosters fees) must be received and cleared in our account by completion.
How long does a cheque take to clear?
6 working days.
Who pays the agents commission and redeems our existing mortgage?
Fosters will deal with this on completion.
When do you need my deposit?
We will request the deposit from you when we are close to being in a position to exchange contracts. This is normally requested at the same time as we send the contract to you for signature. We will not request your deposit from you until your mortgage offer is received.
Why is my address shown as the property address I am purchasing on the Land Transaction Return?
The form is prepared in advance but only submitted on completion. Unless you are buying the property to let out, we will assume this will be your forwarding address.
What is the stamp duty threshold?
£0 - £125,000.00 – no Stamp Duty payable

£125,001.00 – £250,000.00 – 1% of purchase price (unless you are a first time buyer where stamp duty is not payable at present

£250,001.00 – £500,000.00 – 3% of purchase price

£500,001.00 and above – 5% of purchase price
Where do I collect the keys from?
The estate agent dealing with the transaction, unless otherwise agreed between parties and their solicitors.
What happens on completion?
Time must be given for the solicitors to transfer monies. Completion is hoped to be achieved by midday but this is dependent on the length of the chain involved and the speed of which the bank transfers funds. Monies must be received by the sellers’ solicitors before keys are released. If you are selling and purchasing a property simultaneously your sale will complete at least an hour before your purchase.
What time do I need to vacate the property on completion?
Under the Law Society contract conditions this is 2pm. However certain contracts vary this and can be from mid-day onwards. We will report the time to you before completion.
How long until I move in?
The usual conveyancing transaction takes approximately 6-8 weeks from when the purchasers’ solicitors receive contract papers. However all transactions vary depending on the complexity of the legal title, the length of the chain and many more external factors. Therefore, no guarantee can ever be provided.
Do I need to visit Fosters' office?
No, we can deal with everything via post.
Do you need my original signature, or will a fax / email suffice?
There are certain documents where we must hold the original signed copy. We will advise you when this is required.