What searches are done when you sell a house?
No matter where your property is located, here are the three main searches you’ll need as a minimum:
- Local Authority searches. This search highlights: Planning issues. …
- Environmental searches. This search highlights: …
- Water and drainage searches. This search enquiry is made to the local water company and highlights:
At what stage of buying a house are the searches done?
The searches should be completed and approved before you exchange contracts and legally commit yourself to purchasing the property, as they may highlight planning or structural issues that could either affect the value of the property, or result in additional costs further down the line.
What do house searches look for?
They typically include aspects such as whether planning permission may be granted for a future development that would negatively impact your property, the quality of the ground on which your house is built, or details of common drains and access rights.
What do local searches reveal?
It will reveal details of planning and building regulation applications specific to the property, any enforcement action taken by the Council, of the nearest public highways, road and railway schemes, radon and contaminated land entries.
How long do house searches take in 2020?
As a rough guide, searches typically take around two to three weeks to complete, but remember that their results may prompt your solicitor to make further enquiries.
How long does it take to exchange after searches?
The time between conveyancing searches and exchange of contracts is typically between 1 and 3 weeks. Although this may seem like quite a long time, you’ll be pleased to know that you’re on the home straight!
How much do searches cost when buying a house?
You’ll normally need a solicitor or licensed conveyancer to carry out all the legal work when buying and selling your home. Legal fees are typically £850-£1,500 including VAT at 20%. They will also do local searches, which will cost you £250-£300, to check whether there are any local plans or problems.
How long does it take to buy a house with no chain 2020?
If there is no chain involved in the buying process, you can normally expect to complete within approximately three months.
Can local searches be fast tracked?
However, there are still many local authorities that do offer a fast track local authority option for an extra fee. Search turn around can be anything from 48 hours to six weeks, so If you are able to fast track, this might mean that the search would come back in 2 weeks instead of maybe 3 to 6.
How long do house searches take 2021?
How long do local searches take when buying a house in 2021? The government target for returning local searches is a maximum of 10 working days. But in reality, timescales on searches can vary significantly, from 48 hours to ten weeks!
Are searches necessary when buying a house?
Whilst searches are required if you are purchasing with the aid of a mortgage they are not mandatory if you are a cash purchaser, as it is your own funds that will be at risk and not a mortgage lenders…. so it is your decision. But remember lenders ask for searches for a reason- to protect their investment.