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Conveyancing Solicitors Oadby

Conveyancing solicitors in Oadby are an integral part of the property buying and selling market. Our deep understanding of the market and our experience allows us to make an otherwise complex process simple and easy for our clients. Our simple approach to conveyancing demystifies the struggles that most property owners have to go through.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

The process will start with you getting in touch with us and giving us your clear instructions. To make it official, we will ask you to complete some initial paperwork along with some form of your identity. You may also pay for any searches that you would like us to conduct.

Step 2 – Receive draft contract

Official copies (electronic deeds) property forms and other documents related to the property and a draft contract that has been duly completed by the seller’s solicitors will be sent to us.

Step 3 – Searches and investigation of title

Our Conveyancing solicitors in Oadby will review and verify all documents that have been sent to us and conduct the searches that you had requested for. Should any issues arise, we will take them up with the seller’s solicitor who can then seek clarification from the seller.

Step 4 – Report

We will then send you a report after everything has been clarified. Along with the report, there will be a mortgage offer and a completion statement that will highlight the sum of money you’re meant to pay.

Step 5 – Signing

If you find everything to be in order, we can organise for the signing. The parties will also agree on a completion date after which you will transfer the deposit (usually 10% of the buying price) to us to facilitate the exchange of contracts.

Step 6 – Exchange of contracts

The exchange of the contracts makes the transaction and completion legally binding. The seller’s solicitor will then receive the deposit from us after the exchange of the contract and a request for your mortgage advance paid from your lender. You must ensure that we have the balance of the funds due from you at least one working day before the completion.

Step 7 – Completion of Conveyancing process

The last step of owning your new home with the help of our Conveyancing solicitors in Oadby is to have the full purchase price transferred to the seller’s solicitor on the ‘moving day’. The keys will be left with the estate agent who will hand them over after the selling party has received the funds.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

Expectedly, selling a house is different from buying one. To kick-start the process, we will have a sit-down and discuss the details of the sale. You will be required to provide us with a form of your identity and complete the initial paperwork, which will include some protocol forms regarding the property you’re selling. In case some office copy entries are required, we will ask you to send us the funds to facilitate this.

Step 2 – Contact with your mortgage lender

To access the current title deeds to the property and find out the balance of the mortgage that is yet to be cleared, we will get in touch with your mortgage lender.

Step 3 – Obtain documents from the Land Registry

We will obtain electronic deeds (official copies) from the land registry. This will cost you around £12.00.

Step 4 – Preparation of draft contract

We will prepare a draft contract of the sale property and send it to the buyer’s solicitors along with the protocol forms, copies of other relevant documents and the official copies. The buyer’s solicitors will then be allowed time to go through all the paperwork.

Step 5 – Enquiries raised by buyer’s solicitor

Searches requested by the buyer and the buyer’s solicitor will do the review of the contract sent by your solicitors. If they have any questions, they will direct them to us and where necessary, we might direct them to you for answers.

Step 6 – Agree on a completion date

At this stage, once the buyer is content with the answers to the questions raised, a signing date will be organised. The parties will also agree on a completion date. The buyer is then required to transfer the deposit of about 10% of the buying price to their solicitor.

Step 7 – Exchange of contracts

The transferring of deposit signals us to start arranging for the exchange of contracts. Once this has been done, the completion date and the transaction now become legally binding. We then proceed to request for a final redemption statement from your lender after the buyer’s solicitors have forwarded the deposit paid by the buyer to us.

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

The last step, which is executed on the moving day, is paying the full balance of the sale price from the buyer’s solicitor. Once this has been done, you hand over the keys to the estate agent who hands them over to the buyer after we receive the funds. From the money paid, the existing mortgage is cleared and any fees incurred in the process deducted. The balance is then sent to you. Get in touch with our Conveyancing solicitors in Oadby and begin your move and purchase with us.

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 Oadby

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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