How long does it take to buy a property? Everything you need to know.

Buying a new home is exciting, but you may be anxious about how long the process could take from start to finish. Understanding how long you can expect to wait before you get the keys to your new home can help you to plan both practically and financially. In this post, we set out an estimated duration for each stage of the conveyancing process. Finding your new home (8-12 weeks) Finding your ideal property is possibly the most difficult stage to allocate a time limit as this really depends on…

Converting commercial property in residential housing

Commercial property re-development (where previously commercial buildings are transformed into residential units) is a current growth area. For example, a run down old factory site could be purchased for say, £250,000 and (subject to the usual planning obligations) converted into 10 residential units, with an estimated value at £150,000 each. This could provide a potential profit for the developer or investor willing to invest in converting the building. With the government encouraging commercial to residential conversions, and with a good supply of old offices, shops and industrial properties up for…

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