Tag: missives

What is Conveyancing and How Long Do Missives Take in Scotland?

Whether you are buying or selling a property in Scotland, you will experience the legal process called ‘conveyancing’. Here is a simple guide to what conveyancing is, how long it takes and answers to some other frequently asked questions that property sellers and buyers in Scotland often have. What is Conveyancing in Scotland? Conveyancing is…

March 30, 2016
A Guide to Stamp Duty (SDLT) Changes and LBTT

The UK government, on 3 December 2014, announced a radical overhaul of the Stamp Duty Land Tax (SDLT or Stamp Duty) system in its Autumn Statement. It comes into force on 4 December 2014. In Scotland, it will then be replaced by LBTT (Land and Buildings Transaction Tax) for Scottish property transactions completing after 1 April…

December 3, 2014
A Simple Guide to Conveyancing in Scotland, How Long it Should Take and Common Problems

Whether you are buying or selling a house, conveyancing is involved. Whilst most people understand the fundamentals of marketing a house for sale or of finding a property to buy, even the word ‘conveyancing’ is hardly an example of Plain English and it’s easy for property buyers and sellers in Scotland to feel that conveyancing…

July 28, 2014
What Does Under Offer Mean in Scotland? What Does Sold Subject to Conclusion of Missives Mean in Scotland?

When a seller’s estate agent or solicitor/estate agent accepts an offer from a buyer, even verbally, the property is ‘Under Offer’ or ‘Sold Subject to Conclusion of Missives’. Legally, this status means very little. Until there is a binding, written contract (in other words, ‘missives are concluded’) then the sale is little more than theoretical.…

July 20, 2011
What is an Offer on a Property in Scotland and How Do I Make an Offer?

An offer on a property can be verbal or in writing. What is the difference?

September 23, 2011