Home > Our Services > Conveyancing > Conveyancing Process
conveyancing

Conveyancing Process

The conveyancing process involved in both buying a house and selling a house can be complex and very time-consuming. If you haven’t already, it is a good idea to familiarise yourself with the steps involved, so that you know what to expect to happen and when.

To make it easier to digest we have split the process involved in conveyancing into small handy steps, so hopefully after reading, everything should be crystal clear.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

To begin the conveyancing process of buying a house we need to receive your initial instructions. We will then ask you to complete initial paperwork, provide us with your form of identity and request you and send us the funds for any searches you wish to have.

Step 2 – Receive draft contract

The draft contract will be completed by the seller’s solicitors and then sent to us. The contract will include; official copies (electronic deeds), property forms and duplicates of all relevant documents for that property.

Step 3 – Searches and investigation of title

The third step of the conveyancing process are carrying out searches that have been requested by you are carried out and the paperwork we have received from the seller’s solicitor is reviewed. In the event that we have any queries about the property or paperwork we get in contact with the seller’s solicitor and the solicitor may need to refer to the seller. This process can be quite lengthy depending on a number of enquiries we need to raise.

Step 4 – Report

Once we have received replies to all enquiries and the results of the searches, a report can then be created on the property and sent to you along with your mortgage offer. The financial side of the transaction will also be set out by us, which provides you with a completion statement highlighting the total amount due from you.

Step 5 – Signing

When you are happy with all the paperwork, we can then arrange for you to sign and a completion date is then decided amongst all parties involved in the transaction. At this stage in the conveyancing process, you will transfer the deposit, usually 10% of the purchase price, to us which enables us to be ready to exchange the contracts.

Step 6 – Exchange of contracts

The transaction and completion date becomes legally binding on the exchange of contracts. The deposit will be sent to the seller’s solicitor and a request for your mortgage advance will be paid from your lender. Before completion, the balance of the funds due from you must be with us at least one working day beforehand.

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

Completion happens on the eagerly awaited ‘moving day’ and when the full purchase price is transferred to the Seller’s solicitor. The keys are left with the estate agent and once the seller’s solicitor has received the funds the keys are released to you!

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

The steps involved in the conveyancing process of selling a house differ slightly from buying. Firstly, we will have a conversation with you about the sale and note down all the necessary details. This will allow us to start the process. We will then ask you to complete initial paperwork, provide us with your form of identity and request you send us the funds for any office copy entries. Within the initial paperwork, there will be some protocol forms which will ask detailed questions about the house you are selling.

Step 2 – Contact with your mortgage lender

We will apply for your current title deeds to the property from your mortgage lender and request a statement showing how much is left to repay.

Step 3 – Obtain documents from the Land Registry

Copies of the up to date electronic deeds, also known as official copies, will then be obtained by us from the Land Registry, which will cost you around £12.00.

Step 4 – Preparation of draft contract

Step four of the conveyancing process is preparing the draft contract for the sale of your house and send them to the buyer’s solicitors along with the official copies, protocol forms and all copies of all relevant documents. It typically takes up to a week for the buyer’s solicitor to read through and check the contract paperwork.

Step 5 – Enquiries raised by buyer’s solicitor

The buyer’s solicitor will then need some time to carry out any searches requested by the buyer and review the paperwork sent by us. In the event that they have any questions about the property or paperwork, they will get in contact with us and we may need to refer to you so that we can answer their questions.

Step 6 – Agree on a completion date

Once the buyer’s solicitor is happy with the responses to enquiries, at this stage of the conveyancing process, a date can be arranged for signing the paperwork and completion, which is agreed by all parties involved with the transaction.  After this, the buyer will transfer the deposit (usually 10%) to their solicitor, which is the cue for us to prepare for the exchange of contracts.

Step 7 – Exchange of contracts

When the exchange of contacts happens the transaction and completion date becomes legally binding. The deposit will then be transferred to us by the buyer’s solicitor and then we will request a final redemption statement from your lender.

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

The conveyancing process is complete on ‘moving day’ and when we have received the full balance of the sale price from the buyer’s solicitor. You are required to leave the keys with the estate agent, who will only release them to the buyer when the funds have been received.  Your existing mortgage will be repaid and all fees from the sale proceeds will be settled; the remaining balance will then be sent to you.

Kick start the conveyancing process and get a quick, instant conveyancing quote today: CLICK HERE

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

[]
1 Step 1

Quick Quote

Your Nameyour full name
Contact Number
Post Codeyour full name
Your Messagemore details
0 /
Previous
Next

Conveyancing

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.
  • Map and Double Pin Icon National Locations

    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.

  • Stopwatch Icon Quick Response

    At Edward Hands and Lewis we pride ourselves on our quick response time and there are several ways you can get in touch, whatever the method, we will make sure we get back to you as soon as we can and get to work on your case.

  • Coffee Cup Icon Free Initial Assessment

    We offer a free initial assessment so you know that you have found the right people for the job. Contact us and no matter what your enquiry is about, we will find the right person to deal with your case.

  • Magnifying Glass Icon Transparent Pricing

    We make our prices fully transparent so our clients know exactly what they’re paying for throughout the process. We also offer fixed-fee services so you know the full costs from the outset.

  • Wrapped Present with Bow Icon Personal Approach

    Our solicitors are approachable and helpful and understand that legal undertakings can be incredibly stressful. We pride ourselves on excellent client service which has been recognised year on year by our Lexcel accreditation.

  • Clock Face Icon Out of Hours

    We know you may not be available within standard working hours, which is why we make ourselves available for out of hours appointments.

  • Magnifying Glass Icon Languages we speak

    At Edward Hands and Lewis several of our specialists are multi-lingual in the following languages: Punjabi, Hindi, Urdu, Gujarati, Serbo-Croation, French, Italian, German, Swedish. For any other languages, the services of translators may be appropriate.

  • Wrapped Present with Bow Icon Award winning team

    At Edward Hands and Lewis we have an award winning team to deliver legal services to you. Our solicitors and support teams have won awards for their expertise and business acumen and continue to deliver excellence in the profession.

Map and pin icon
Sign up to our newsletter
  ERROR: 8 - CURL error: Couldn't resolve host ' py296.infusionsoft.com'