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Conveyancing Solicitors Stamford

When buying your next house, it is important to seek the services of the leading conveyancing solicitors in Stamford. The process of moving the house from one owner to another is an intricate and complex one. You need to be aware of the laws and the documentations involved. At EHL, we have a simple approach that will make buying a selling a home easy.

Conveyancing process for buying a house

Step 1 – Initial instructions from you

To kick off the process contact us and we will schedule a meeting, you will be required to fill out the initial paperwork and provide us with forms of identity. In case you have any searches in mind that you would like to be conducted, we ask for the funds to be available to accommodate.

Step 2 – Receive draft contract

The seller’s conveyancing solicitor in Stamford will put together a draft contract and send it to us. It will include other documents such as the property forms, the official copies, and duplicates of other paperwork regarding the house. We will need a couple of days to go through the paperwork.

Step 3 – Searches and investigation of title

We will investigate the title and other documents enclosed in the draft contract. If we have any questions, we will address them to the seller’s solicitors for answers. In this step, we also conduct the searches if you had requested any.

Step 4 – Report

After we have received all 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 the 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

Once you approve of the paperwork, a signing can be arranged. During the signing, all the parties in the transaction will agree on a completion date. To allow us to prepare for the next step, we will ask that you send us the agreed deposit for the property.

Step 6 – Exchange of contracts

This is the step that makes the entire transaction and the completion date legally binding. Your lender will also pay the request for your mortgage lender. It is important that you ensure that any further monies owed to us are cleared at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

On the much awaited ‘moving day’ the completion is done by completing the full purchase price to the seller’s solicitor. The estate agent will be left with the key after the funds have been received and they will be later released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

To start the process, we will have a sit down to discuss the property. If necessary, we will take down some notes that will help us get the process started. You will also be requested to fill out the protocol forms enclosed in the initial paperwork and provide us with forms of identification. Should the need for office copy entries arise, we will also request that funds are made available for this.

Step 2 – Contact with your mortgage lender

To get the current title deeds to the property, we will need to get in touch with your mortgage lender. We will also request for a statement to identify how much you’re yet to pay.

Step 3 – Obtain documents from the Land Registry

We will obtain the official copies (electronic deeds) from the land registry.

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

Once we send out the paperwork, the buyer’s solicitor will need some time to review and verify everything we have sent. In case there are any questions, they will forward them to us, and we will refer to you for answers.

Step 6 – Agree on a completion date

If all the answers are satisfactory, the draft contract will be signed by both parties. You will also agree on a completion date. Nothing is legally binding at the stage. The buyer will then send the agreed deposit of the property to the solicitor to allow us to organise the exchange of the contracts.

Step 7 – Exchange of contracts

Once the contracts are exchanged and the transaction has been completed, the date of completion becomes legally binding. The buyer’s solicitors will transfer the deposit to us and then request your lender for a final redemption statement.

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

At this stage, we will receive the full balance of the sale price from the buyer’s solicitor. By 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.

Cheap conveyance across Stamford

For affordable conveyancing solicitors in Stamford services, get in touch with us today. We employ a simple and easy to understand process that will make selling or buying a house much easier for 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 Stamford

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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