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Buying a property? Here’s our step-by-step guide to conveyancing

Posted on Friday, 11th January 2019 by

If you are purchasing a property, you will need to work with a solicitor / conveyancer to help you with the legal work. Conveyancing can often seem confusing and lengthy because of the high amount of work and steps involved from conducting searches, to raising enquiries and ensuring all of the correct documents are completed and signed.

Edward Hands & Lewis has broken down the buying process into 9 simple steps to help you understand where you are in the conveyancing process at all times. They are as follows:

Instruction

  • You instruct us to carry out the conveyancing work.

Welcome pack

  • You will receive a welcome pack and fill in all of the information required, provide certified ID and an upfront payment.
  • We inform the seller’s solicitor that we are acting for you.

Contract pack

  • We receive a contract pack from the seller’s solicitor and raise enquiries/request searches (if applicable).
  • We write and send you a contract report that includes contracts, transfer and stamp duty forms.
    * Extra checks maybe needed if the property is leasehold.

Mortgage (if applicable)

  • The mortgage offer comes in from lenders
  • We write a mortgage report which includes the mortgage deed
  • You receive the mortgage report and sign the mortgage deed

Searches

  • Searches will come back and our enquiries will be checked
  • We will write a search report and forward any relevant information to you

Completion date discussed

  • After a final review, we start to discuss completion dates with you and the seller’s solicitor

Your signature

  • You will need to sign documents and pay your deposit (if applicable)

Exchange of contracts

  • Once the mortgage lender (if applicable) has released funds, we can exchange contracts – at this point it is legally binding.

Completion

  • You will receive the keys to your new home! Congratulations you are now a proud homeowner!
  • We now apply for your registration with HM Land Registry. These documents will be posted to your new home.

Our step-by-step guide is available as a downloadable infographic to help you track where you are in the conveyancing process. To download the infographic, click here.

houses in Hinckley

Talk to our legal team

The information provided in all of our blogs reflects only a narrative of some elements to consider on the topic. The blogs do not contain considered legal advice and should not be relied upon as advice. Please see our website terms and conditions for full details of our disclaimer. If you are interested in obtaining advice, please contact one of our lawyers who will be happy and able to advise you on your own particular circumstances.

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