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Conveyancing Solicitors Long Eaton

The process of buying or selling a house is an intricate and delicate one. You need to understand the law and that documentations required for your purchase or sale to be considered legal. With the help of conveyancing solicitors in Long Eaton, you can make this process much easier and more transparent.

Conveyancing process for buying a house

Step 1 – Initial instructions from you

Once you get in contact with us, we will ask that you complete the initial paperwork and also provide us with forms of identity. If you would like any searches done, we will ask that you make the fund available to facilitate this.

Step 2 – Receive draft contract

The seller’s solicitors will send us the draft contract. This will include property forms and official copies of the property. Other documentation relevant to the transaction may also be included. This step might take some time as we need to go through the paperwork thoroughly.

Step 3 – Search 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. The more questions we feel to ask as this stage, the longer this step may take.

Step 4 – Report

After all enquiries have been clarified and with the results of the searches at hand, we can create a report on the property you would like to buy. This will be accompanied by the mortgage offer. We will also set out the financial side of the process so that you obtain the completion statement. This will highlight how much you need to pay.

Step 5 – Signing

If the paperwork is in order, we will arrange for the signing of the contract during which all parties must decide on a competition. After this, you will transfer the agreed deposit to us to allow us to prepare for the next step.

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 further monies owed to us, we request that it is paid at least one working day before the completion date.

Step 7 – Conveyancing process for buying a house (finish)

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 from you

Selling a house is slightly different. We will start by having a meeting about the sale of the house. This will help to kick-start the process. You will then be required to complete the initial paperwork containing protocol forms with detailed questions about the property you’re selling and you will need to provide forms of identity and send any funds for office copy entries.

Step 2 – Contact with your mortgage lender

We will need current title deeds of the property (if unregistered) 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.

Step 4 – Preparation of draft contract

Using the information that you have provided and documents that we have collected, we will proceed to prepare the draft contract and send it to the buyer’s conveyancing solicitors in Long Eaton. 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 solicitors

The buyer’s solicitor has the right to ask questions and seek clarifications on any queries arising. Typically, they will direct those questions to us and we can forward them to you for answers.

Step 6 – Agree on a completion date

At this stage, an arrangement can be made for the signing of the paperwork and the completion is agreed by all parties in the transaction. This is only done when the buyer is happy with the responses to the enquiries. The buyer then transfers 10% of the buying price of the house as a deposit to their solicitor. This alerts us to prepare for the exchange of contracts.

Step 7 – Exchange of contracts

Once the contracts have exchanged hands, the completion date is agreed the transactions 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

On the much anticipated ‘moving day’ the transaction is completed. We will receive the full balance of the purchase price of the property and ask you to leave the keys to the property with the estate agent. Once we receive the funds, the keys will be released to the new owner. We will use the money to clear any outstanding fees accrued during the process and also offset the remainder of the mortgage. The balance is then sent to you.

Cheap conveyancing across Long Eaton

When buying or selling your home, there are a lot of documents and legal steps that are required. With our affordable conveyancing solicitors in Long Eaton, we can help you take care of the technical aspect of the transaction.

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 Long Eaton

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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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