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Conveyancing Solicitors Derby

Buying or selling a house is an intricate process that requires a lot of planning and abiding with the law. You need the right people to assist you in the process and to make the process much easier. Experienced Conveyancing Solicitors in Derby will help you buy or sell your next home easily and with a lot of structure. Our process is quite simple and straight forward.

Conveyancing process for buying a house

Step 1 – Initiate

For us to be able to help you buy your house, we need to receive initial instructions from you. Once you get in contact, we will ask that you complete the initial paperwork and also provide us with your form of identity. If you would like any searches done, we will ask that you deposit the funds to facilitate this with us.

Step 2 – Receive draft contract

The next step in conveyancing in Derby is receiving a draft contract that is completed by the seller’s solicitors. There are other documents which are included in the draft contract that includes the property forms, duplicates of the other relevant documents and the electronic deeds.

Step 3 – Searches and investigation of title

Depending on the questions that might clarification and answers, this step might take quite some time. It starts with us investigating the documents that have been sent to us and verifying them. If there are any questions, we direct these to the seller’s solicitors. At this stage, we will also carry out the searches that you had requested if any.

Step 4 – Report

After we have received all the replies to the enquiries raised during the verification stage, we then proceed to create a report on the property and send it to you. We will also include your mortgage offer in that report. Since we also set out the financial aspect of the transaction, we will also provide you with a completion state that indicates the total amount that you’re meant to pay.

Step 5 – Signing

If you find the paperwork to be in order, a signing will be a arranged, and all parties in the sale will agree on a completion date. You will also be required to send us the agreed deposit for the property so we can prepare the next step in the purchase process.

Step 6 – Exchange of contracts

The exchange of the contracts makes the completion date and the transaction legally binding. Once this is done, we forward the deposit to the seller’s solicitors, and we also request your lender for a mortgage advance. In your part, you should ensure that all monies owed to us are cleared at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

On the ‘moving day,’ the full purchase price of the house is transferred to the seller’s solicitor. The keys are then released to you by the estate agent.

Conveyancing process for selling a house

Step 1 – Initial instructions

The process of selling a house is a little intricate but works more or less the same way. First, we will discuss the sale and take notes on any necessary information. With these, we can get the process started. You will then be required to provide us with your form of identity, fill out the initial paperwork and also complete the protocol forms. If there are any office copy entries required, we will request that you deposit the funds with us.

Step 2 – Contact with your mortgage lender

We will need current title deeds of the property and also know your mortgage status. For this, we will get in touch with your mortgage lender.

Step 3 – Obtain documents from the Land Registry

We will obtain current electronic deeds (official copies) from the Land Registry. This will cost you about £12.00.

Step 4 – Preparation of draft contract

From the information and documents that we have collected, we will put together a draft contract. This will include the protocol forms, Official copies, and any other relevant documents. It might take some time before the buyer’s solicitor can get back to us.

Step 5 – Enquiries raised by buyer’s solicitor

To conduct the searches requested by the buyer and review the paperwork that we have sent, the buyer’s solicitor will need some time. If during the process there are any questions, they will forward the questions to us and we will seek answers from you.

Step 6 – Agree on a completion date

If the buyer is happy with the answers, the next stage of the conveyancing in Derby process will be to set a completion date agreed upon by all the participants and signing the paperwork. The buyer will then transfer the depositor to their conveyancing solicitor in Derby.

Step 7 – Exchange of contracts

Once the contracts have exchanged hands, the completion date and transaction become legally binding. The buyer’s solicitor then forwards the deposit to us, and we request a final redemption statement from your lender.

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

We will receive the full balance of the sale price from the buyer’s solicitor. At this point, you should have left the keys with the estate agent who will release them to the buyer on our instructions. Once we receive the funds, we will clear your existing mortgage and any other fees accrued during the sale process. The balance will be then sent 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 Derby

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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    Edward Hands and Lewis is now a nationally-acclaimed body. For over a hundred years Edward Hands and Lewis has been an established solicitors in the Leicestershire area, but now we have branched out across the UK.

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    We make our prices fully transparent so our clients know exactly what they’re paying for throughout the process. We also offer fixed-fee services so you know the full costs from the outset.

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    Our solicitors are approachable and helpful and understand that legal undertakings can be incredibly stressful. We pride ourselves on excellent client service which has been recognised year on year by our Lexcel accreditation.

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    We know you may not be available within standard working hours, which is why we make ourselves available for out of hours appointments.

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    At Edward Hands and Lewis several of our specialists are multi-lingual in the following languages: Punjabi, Hindi, Urdu, Gujarati, Serbo-Croation, French, Italian, German, Swedish. For any other languages, the services of translators may be appropriate.

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    At Edward Hands and Lewis we have an award winning team to deliver legal services to you. Our solicitors and support teams have won awards for their expertise and business acumen and continue to deliver excellence in the profession.

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