Conveyancing Process

There are three main stages involved in any conveyancing transaction and we have set out below a summary of what each solicitor does at each stage.

First Stage: Sale Agreed

Sellers solicitor

  • Applies for your title deeds and ask you to fill in enguiry forms.
  • Prepares a contract and sends this out with a legal information pack.
  • Answers any additional enquiries buyers solicitors may have.
  • Negotiates the moving completion date

Buyers solicitor

  • Ask you for money on account of expenses.
  • Recieves contract and other papers from sellers solicitor and asks additional enquiries if necessary.
  • Carry out local authority search.
  • Recieve mortgage offer.
  • Reports to you with contract for signature and requests deposit ( or uses deposit from sale if any

Second Stage: Exchange of Contracts

Sellers solicitor

  • Recieves buyers deposit
  • Obtains a settlement figure for your mortgage
  • Approves the transfer deed and arranges for you to sign it

Buyers solicitor

  • Contract and Deposit to Seller’s Solicitors
  • Prepares transfer and mortgage Deed and send them to you to sign
  • Arranges final searches
  • Prepares final accounts and requests any monies required from you

Third Stage: Completion

Sellers solicitor

  • Recieves balance of purchase price
  • Pays off the mortgage
  • Hands over the deeds
  • Sends you the balance or uses this towards purchase (if any)

Buyers solicitor

  • Sends balance to sellers solicitor and collects deeds
  • Pays stamp duty (if any)
  • Registers purchase at Land Registry
  • Sends deeds to Bank or Building Society (if any)