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Conveyancing Solicitors Coventry

When buying your next house, it is prudent to seek the services of a conveyancing solicitor in Coventry. The process of moving the house from one owner to another is a tedious and complex one. You need to be aware of the laws and the documents involved. As the leading conveyancing solicitors in Coventry, we have a simple approach that will make buying a selling a home very easy.

Conveyancing process for buying a house

Step 1 – Initiate

When buying a house, the process is started by you getting in touch with us. To get more details, we will ask you to fill out the initial paperwork and also provide us with your form of identity. If you would like to have some searches conducted, we will also ask that you deposit the funds for the searches with us.

Step 2 – Receive draft contract

The seller’s conveyancing solicitor in Coventry will put together a draft contract and send it to us. It will include other documents like the property forms, the official copies, and duplicates of other paperwork regarding the house. We will need a couple of days to go through all the paperwork.

Step 3 – Searches and investigation of title

If you had requested for any searches to be done, we will do them at this stage. We will also review the contract and verify the deeds. If there are any questions, we will take them up with the seller’s solicitor for answers. Depending on the number of questions that we might need to ask, this step might take some time.

Step 4 – Report

We will put together a report on the property once we have all the answers. The report will include your mortgage offer as well as the completion statement which shows the total amount you’re expected to pay.

Step 5 – Signing

Once you approve of the paperwork, a signing can be arranged. During the signing, all the parties in the transaction will also agree on a completion date. To allow us to prepare for the next step, we will ask that you send us the agreed deposit for the property.

Step 6 – Exchange of contracts

To make the terms of the contract and the completion date binding, the contracts are exchanged. After this is done, we will forward the deposit to the house to the seller’s solicitor. We will then proceed to ask your lender to pay for the mortgage advance in preparation for the completion day. In case there are any monies owed to us, we request that it is paid at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

During this step, the full purchase price balance is sent to the seller’s solicitor and the keys are left with the estate agent. Once they confirm having received the money, the keys will be released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions

To start the process, we will have a sit down to discuss the property. If necessary, we will take down some notes that will help us in getting the process started. You will also be requested to fill out the protocol forms enclosed in the initial paperwork and provide us with your form of identification. Should the need for office copy entries arise, we will also request that you avail us with the funds for this.

Step 2 – Contact with your mortgage lender

We will need the most recent title deeds to the property. We will also need to request your mortgage lender for a statement showing how much of the current mortgage is yet to be cleared.

Step 3 – Obtain documents from the Land Registry

From the Land Registry, we will obtain electronic deeds (official copies) at the cost of £12.00 payable by you.

Step 4 – Preparation of draft contract

Using the information that you have provided to us and the documents that we have collected, we will proceed to prepare the draft contract and send it to the buyer’s conveyancing solicitors in Coventry. The draft contract will include other documents like the official copies, the protocol forms, and duplicates of other vital documents.

Step 5 – Enquiries raised by buyer’s solicitor

Once we send out the paperwork, the buyer’s solicitor will need some time to review and verify everything we have sent. In case there are any questions, they will forward them to us, and we might refer to you for answers.

Step 6 – Agree on a completion date

At this stage, the signing and completion of the contract can be arranged if the buyer is happy with the responses. After all the parties agree on a completion date, the buyer will send the agreed deposit of the property to their solicitor which directs us to prepare for the next step.

Step 7 – Exchange of contracts

Exchanging contracts makes the transaction legal and the completion date legally binding. The deposit is then transferred to us, and a final redemption statement is obtained from your lender.

Step 8 – Conveyancing process for selling a house (finish)

On the completion day, the buyer’s solicitor will send the full purchase price of the house. We will request that you leave the keys with the estate agent. Once we receive the funds, the keys will be released to the buyer. We will clear the outstanding mortgage balance and offset any other costs regarding the transaction and the send the balance to you.

Kick start the conveyancing process and get a quick, instant conveyancing quote today: CLICK HERE

We have dedicated team members who cover Loughborough, Stockport, Syston, Lutterworth, Hinckley, Carlton, Hucknall,  Market Harborough, Beeston, Bulwell, Buxton, Leicester, Derby, Oadby, Lewisham

Other topics related to the conveyancing process:

Click on the links below to find out more about:

Buying a house

Selling a house

Right to buy

Unregistered properties

First-time buyer

Leasehold property or freehold property?

Shared ownership

New builds

Buy to let

Remortgaging

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Conveyancing Solicitors Coventry

Why should you use us?

Edward Hands and Lewis have been in business for well over 100 years and we understand our client's needs. Here are a few reasons why you should use us.
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