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Conveyancing Solicitors Rugby

When selling or buying a house, you need the help of our friendly conveyancing solicitors in Rugby who understand the process and laws regarding property purchase or sales. In our simple seven step process, we will help you buy or sell that home with ease and within the structure of the law.

Conveyancing process for buying a house

Step 1 – Conveyancing process for buying a house

Before we can act, we need to receive word from you regarding your process of buying the house. After you initiate contact, we will ask you to complete some paperwork. We will also need to provide us with forms of identity. After all documentation is in place, you will need to make the funds available for any searches that you would like us to conduct.

Step 2 – Receive draft contract

A draft contract that has been completed by the seller’s solicitors will be sent to us. Among other things, it will include the property forms, official copies and any other documentation that is relevant to the property.

Step 3 – Searches and investigation of title

Next, we will conduct the necessary searches. We will also review the paperwork that received from the seller’s solicitor. Any questions arising from this process will be addressed to the seller’s solicitors who can then seek clarification from the seller. Depending on the number of enquiries we need to make, the process could take some time.

Step 4 – Report

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

Step 5 – Signing

When all of the paperwork is in order we will ask for the deposit to continue onto the next step. There will also be a discussion on completion dates and proposals for an exchange of contracts. Once the contracts are signed this does not commit you to the transaction as all parties must be ready to proceed.

Step 6 – Exchange of contracts

Once the contracts have been exchanged, the transaction and completion days become binding. We will forward the deposit to the seller’s solicitor and at the same, a request for your mortgage advance will be paid from your lender. All balances due from you have to be cleared at least one working day before completion.

Step 7 – Completion of Conveyancing process

Once the full purchase price of the house has been transferred to the seller’s solicitors, it’s moving day and completion happens. Once the funds have been transferred, the seller’s solicitor will leave the key with the estate agent and will be passed on to you.

Conveyancing process for selling a house

Step 1 – Conveyance process for selling a house (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 identity and complete the initial paperwork which will include some protocol forms regarding the property you’re selling. We will ask you to send us the funds to facilitate this.

Step 2 – Contact your mortgage lender

To get a better idea of the property and its state, we will contact your mortgage lender. We will apply to get the current title deeds and a statement of the mortgage payment.

Step 3 – Obtain documents from the Land Registry

We will obtain up to date copies of the electronic deeds (Official copies) from the land registry.

Step 4 – Preparation of draft contract

We will then proceed to prepare a draft contract for the sale of the house and send it to buyer’s solicitors. This contract will be paired with among other relevant documents, the protocol forms you previously filled out and the official copies. The buyer’s solicitors will need to go through the contract and paperwork and this might take some time.

Step 5 – Enquiries raised by the buyer’s solicitor

Searches requested by the buyer and the review of the contract sent by your solicitors in Oadby will be done by the buyer’s solicitor. If they have any questions, they will direct them to us and where necessary.

Step 6 – Agree on a completion date

Next in the process is to set a date for signing the contracts. The parties in the transaction will also agree on a completion date. Once that is set, the buyer will need to send a deposit to his solicitors to activate the next stage of the process.

Step 7 – Exchange of the contracts

The essence of exchanging contracts is to make the completion date and transaction legally binding. Once this has been done, the buyer’s solicitor will transfer the deposit to us and, we will request a final redemption statement from your lender.

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, hand over the keys to the estate agent who will then hands them over to the buyer after the funds are received by us. From the money paid, the existing mortgage is cleared and any fees incurred in the process deducted. The balance is then sent to you.

Cheap conveyancing across Rugby

Conveyancing solicitors in Rugby are an essential part of the property market. Being able to move and buy property is a process that requires a lot of legal documents and understanding.

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 Rugby

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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