Selling or buying a house entails a very thorough and time-consuming legal process. Most homeowners might not even be a preview to the steps required to buy or sell a house. With the help of conveyancing solicitors in Hucknall, we can help you sell or buy a house in very simple steps without the sting that comes with the lengthy conveyance process.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

To initiate the process, you will contact us. In turn, we will ask you to fill the initial paperwork and provide us with your form of identity. We will also ask you to send us funds if you would like to have any searches done.

Step 2 – Receive draft contract

The second step in buying a home is to receive the draft contract from the seller’s solicitors. We will also other relevant documentation to the purchase like the official copies property forms and duplicates of other documents.

Step 3 – Searches and investigation of title

This step might take some time to complete because we have to investigate and verify all the documents sent to us. We will also conduct the searches you had requested earlier. In case there are any questions we will take them up with the seller’s solicitor for answers.

Step 4 – Report

After we have gotten all the replies for the queries posed and the results from the searches, we will put together a comprehensive report which will include the completion statement and your mortgage offer.

Step 5 – Signing

If everything is in order and the answers offered are sufficient, our friendly conveyancing solicitors in Hucknall will arrange for the signing of the contract and a completion date will be agreed upon. After that is done, to facilitate the next stage, we will ask that you deposit the agreed amount for the purchase with us.

Step 6 – Exchange of contracts

The next step is the most critical. It makes the transaction and the completion date legally binding. We will send the deposit to the seller’s solicitor and ask for your mortgage advance to be paid by your lender. The funds due to us must be cleared at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

On the completion date, the full purchase price of the house is sent to the seller’s solicitors. The keys are left with the estate agent where you can pick them up after the seller’s solicitor receives the money.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

Expectedly, the process of selling a house is expected to be a little different. And it is. It starts with you contacting us. We will need to take some notes on the property you’re selling and discuss the sale further so we will setup a meeting. Using the information, we can get started on the process. We will ask you to fill out the initial paperwork, protocol forms that shed more light on the property and also provide us with your form of identity. We might also need some office copies in which case we will ask you to send us the funds for them.

Step 2 – Contact with your mortgage lender

The next step is to get in touch with your mortgage lender. We will apply for copies of the current title deeds and also request for a statement that shows how much is yet to be paid.

Step 3 – Obtain documents from the Land Registry

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

Step 4 – Preparation of draft contract

We will prepare a draft contract using the documents and information we have obtained thus far. We will then send this to the buyer’s solicitors. We will also attach the protocol forms, the official copies and copies of other documents that are relevant to the property.

Step 5 – Enquiries raised by buyer’s solicitor

The buyer’s solicitors will have time to go through the draft contract and the attached papers. In case there are any questions or clarifications, they will direct these to us and we will forward them to you for answers. This step might take some time to complete.

Step 6 – Agree on a completion date

Once the buyer is happy with the responses offered, the signing of the contract will be arranged and a completion date agreed upon by all the parties. The buyer will then need to transfer the deposit of the property their solicitor to prepare for the next step.

Step 7 – Exchange of contracts

Exchanging of the contracts makes the terms of the contract and completion date legally binding. The deposit is then transferred to us by the buyer’s solicitors. Our conveyancing solicitors in Hucknall will get in touch with your lender once more to get a final redemption statement.

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

On the completion date, we will receive the full sale price of the house from the buyer’s solicitor. At this point, you will be required to leave the keys with the estate agent. Once we have received the money, the keys will be passed on to the new owner. The money received will be used to clear any outstanding fees owed to us and also clear the mortgage. What is left will be sent to you.

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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