Conveyancing Overview

We hope that this Conveyancing Overview will assist you in understanding your conveyancing transaction..

Please choose the transaction type that you require guidance upon and click 'GO'.

Should you require any additional information with regard to your transaction please do not hesitate to contact us.

	sale
	purchase
	remortgage

Purchase Transactions

1. Instruction received.
2. Initial Pack sent to the Buyer with I.D. Information Leaflet and request for payment on account for search fees.
3. Receive draft Contract Pack from Sellers Solicitors to include copy Title Deeds and plan, Sellers Property Information Forms, Fixtures Fittings and Contents list, guarantees, etc.
4. Order Searches.
5. Raise any additional enquiries.
6. Report to the client (sending them a copy of the Contract Pack received from the Sellers Solicitors).
7. Contract sent to the client together with the Stamp Duty Land Tax Form for signature.
8. Replies to enquiries received - report to client.
9. Search results received - report to client.
10. Mortgage Offer received. Mortgage Deed sent to client for signature with request for buildings insurance details.
11. Obtain clear deposit monies from client (10% - can be less by agreement).
12. Exchange contracts with agreed completion date. Deposit paid to the Sellers' Solicitors.
13. Order Mortgage funds to arrive one day prior to completion.
14. Transfer document (TR1) and Requisitions on Title sent to Sellers' Solicitors for return.
15. Undertakings received from the Sellers' Solicitors to discharge any mortgage on the property.
16. Purchase monies sent to Sellers' Solicitors.
17. Keys released to client by Estate Agent.
18. Stamp Duty paid to Inland Revenue.
19. Title Deeds (TR1), guarantees and mortgage redemption documents received from Sellers' Solicitors.
20. Documents sent to HM Land Registry to register property in client's name.
21. Post Completion - Registered Title Deeds are checked and sent to the client and the Mortgage Lender.

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