10 Steps to Conveyancing
Conveyancing is the legal process of transferring
property from one owner to another.
1
CHOOSE YOUR SOLICITOR
You choose and instruct your preferred Solicitor. If your mortgage has ‘Free Legals’ then your lender will choose and
instruct your nominated Solicitor.
instruct your nominated Solicitor.
2
SOLICITOR’S CLIENT CARE PACK
You complete and return the client care documentation sent by the Solicitor and pay the agreed fees.
3
CONTRACT REQUESTED
Your Solicitor requests a contract pack from the seller’s Solicitor and raises the appropriate enquiries.
4
SEARCHES ORDERED
Your Solicitor orders searches on the chosen property (Local Authority, Water and Drainage, Environmental, etc.).
5
MORTGAGE OFFER RECEIVED
Once you have received a mortgage offer from your Lender, make sure your Solicitor has a copy.
6
SEARCHES & REPLIES RECEIVED
Once enquiries have been replied to and your Solicitor is satisfied, you will be asked to check and sign some key documents
such as Transfer deed, Mortgage deed, completion statement, report on title and the contract itself.
such as Transfer deed, Mortgage deed, completion statement, report on title and the contract itself.
7
DEPOSIT REQUIRED
Your Solicitor will discuss with you the deposit that is required and when and how it should be paid.
8
CONTRACTS EXCHANGED
All parties agree on a completion date and contracts are formally exchanged.
9
COMPLETION
Your Solicitor requests the mortgage funds from your Lender and prepares a completion statement. Once the funds are
received, your Solicitor sends these to the seller’s Solicitor. The keys can now be released to you.
received, your Solicitor sends these to the seller’s Solicitor. The keys can now be released to you.
10
STAMP DUTY
Your Solicitor arranges for your Stamp Duty Land Tax (SDLT) to be paid to the UK Government.