The Process

Buying your home

A broad outline of our work is :

- Obtaining Contract documentation from your  Seller

- Checking that the seller has good title;

- Agreeing the terms of the contract for your purchase;

- Where appropriate commissioning the relevant searches

- When everyone is ready, and the same moving date has been agreed with seller and buyer, exchanging contracts on both transactions at once; this is the stage at which you are committed to the move;

- Making the pre-completion legal arrangements and checks;

- Acting for your lender to make sure that its interests are properly protected;

- Getting the mortgage money from your new lender and any balance we will need from you including our costs to enable us to complete;

On moving day :

- Paying for your new property

- Sending any surplus money to you if appropriate

After completion:

- Submitting the Transfer to Inland Revenue and paying the Stamp Duty if appropriate;

- Registering your ownership with the Land Registry;

- Dealing with any post completion requirements of your lender

- The Deeds to the property will be forwarded to your Lender.  If no Lender is involved we will then take your instructions as to storage.

Selling your home

- Obtaining title documentation

- Drafting contracts and issuing contract pack to the buyer’s solicitor

- Negotiating a completion date

- Obtaining a redemption figure

- Preparing a completion statement

- Exchanging contracts

Completion:

- Receiving funds from buyer’s solicitor

- Authorising release of keys to buyer

Post completion:

- Redeeming existing mortgage(s)

- Paying estate agent

- Transferring any surplus to you

- Sending relevant deeds to buyer’s solicitor

 

This is a simplified guide to the conveyancing process to help you to know what is happening at each stage.