For most people, this will represent the biggest single purchase in their lifetime bringing with it much excitement….and an occasional touch of anxiety!

At A C White Solicitors, we shall be delighted to guide you through the process of buying your new home, whether you are a first-time buyer, downsizing or moving to your forever home. We understand just how important this decision is for you and appreciate how challenging the process can be.

Our experienced solicitors are on hand to help you through the many steps involved in purchasing a property. From noting interest on your behalf, explaining the missives and calling you with the much anticipated news that you can collect your keys, we aim to make the complex process as stress free as possible for you.

First Time Buyer - FAQS.

What are missives and are they required to be signed?

Missives consist of a series of formal letters which, once concluded/finalised, means that there is a binding contract in place for the purchase of a property. It is a common misconception that these are required to be signed. Missives are completed by your solicitor on your behalf following instructions.

There is an exception to this, however, where a newbuild property is being purchased. In this case, it is common practice for builders or their solicitors to prepare a standard set of missives and to request that these are signed by the purchasers.

How long does it take for missives to be concluded?

The time taken to conclude missive varies according to the circumstances of each individual
transaction. Missives are generally not concluded until the mortgage offer has been received by us and, if sale dependant, until such times as missives have been concluded for the sale of the existing property.

What is the Standard Security?

This is the mortgage deed which must be signed before your completion date and is generally signed by you in the solicitor’s office.

When do I get my title deeds?

The registration process of a title to the property is now electronic. Once this has been completed, a copy of the updated title will be forwarded to you by email.

Property Purchase - Guide to Fees

Ordinarily this will be inclusive of talking you through the purchase process, working through the missives with you, concluding the contract, going over the title deeds, discussing your liability , if any, to Land and Building Transaction Tax (LBTT) and the Additional Dwelling Supplement (ADS), preparing the title and mortgage documentation, settling the transaction, submitting your LBTT return and registering your title.

While the exact fee will be dependent on the value and complexity of the transaction, we do at outset try to give you an all-inclusive estimate of fees with no additional costs for correspondence and dealing with Lenders, except where these haven’t been disclosed in advance by the client.

As an example

In a purchase transaction dependent on a mortgage with a purchase price of £150,000, the fee might be £750 plus VAT of £150, however as part of conveyancing transactions, there are also necessary outlays to consider.

These would be in this instance

  • £260 to Registers of Scotland for registration of the Disposition (this figure will change based on the purchase price of the property);
  • £80 for Registration of the Standard Security;
  • £20 for an Advance Notice for the mortgage;
  • £10 for an ID check.
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