Having a reliable Conveyancing solicitor in Market Harborough while in the process of buying or selling a house can prove to be very vital. We try to make the lengthy conveyancing process as simple and stress-free as possible. With your simple steps, we can help you sell or buy your new home.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

When buying a house, the process will be started by you getting in touch with us. We will need you to provide us with your form of identity and fill out the initial paperwork. If you would like any searches done, we will also ask that you send us the funds for the searches.

Step 2 – Receive draft contract

The seller’s solicitors will send us a draft contract. It in it will be the contract itself, official copies, property forms and other documents that are relevant to the transaction.

Step 3 – Searches and investigation of title

In this step, our friendly Conveyancing solicitors in Market Harborough will start by carrying out the searches you had requested. We will also investigate the title and verify any other documents sent with the draft contract. If there are any questions, we will take them up with the seller’s solicitors and seek for answers.

Step 4 – Report

From the results of the search and the answers we receive for all the queries raised, we will put together a report which will include your mortgage offer. Since we cater to the financial aspect of the transaction, we will also include a completion statement showing the total amount you should pay.

Step 5 – Signing

If all the paperwork is satisfactory, signing of the contract. A completion date will also be agreed upon by all the parties. You will then be required to send the deposit of the purchase price to us to help us organise for the next step.

Step 6 – Exchange of contracts

The deposit will be sent to the seller’s solicitors and the completion date and the transaction will become legally binding once the contracts have been exchanged. We will also request your lender to pay the mortgage advance.

Step 7 – Completion of Conveyancing process

On the completion day, the full purchase price of the house will be sent to the seller’s solicitors and the key left with the estate agent. Once the solicitor confirms the money has been received, the key will be released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

Selling a house in Market Harborough is slightly different but your conveyance solicitors in Market Harborough will help you. We will set a meeting with you to talk about the details of the sale and the properties. If necessary we will also take some notes to allow us start the process. You will then be asked to fill out the initial paperwork, provide your form of identity and protocol forms that offer more details on the property. If there are any office copy entries that are required, we will ask that you send us the funds to facilitate them.

Step 2 – Contact with your mortgage lender

In order to apply for the most current title deeds for the property and also a statement to show how much of the mortgage is yet to be paid, we will get in touch with your mortgage lender.

Step 3 – Obtain documents from the Land Registry

For £12.00 payable by you, we will obtain up to date electronic deeds also known as official copies from the Land Registry.

Step 4 – Preparation of draft contract

In this step, our Conveyancing solicitor in Market Harborough will use the information that you have provided us with and the documents collected to come up with a draft contract and send it to the buyer’s solicitors. We will also send copies of documents like the official copies, protocol forms and others that are relevant to the sale. It might take some time before the buyer’s solicitor is able to get back to us.

Step 5 – Enquiries raised by buyer’s solicitor

The buyer’s solicitor will need time to go over the paperwork and raise any questions if any. We will direct the questions to you for answers.

Step 6 – Agree on a completion date

After all the questions have been clarified comprehensively, the contracts will be signed and a completion date agreed upon by all the parties. The buyer will then be required to send the deposit to their solicitor to allow for the next step of the process.

Step 7 – Exchange of contracts

During this step, we will request for a final redemption statement from your lender, receive the deposit amount from the buyer’s solicitors and the contracts will exchange hands. This will make the entire process and the completion date legally binding.

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

On the moving day, we will receive the full balance of the purchase price and instruct you to leave the keys with the estate agent. We will use the money to clear the outstanding mortgage and also any fees that are due to us. We will then send the balance to you.

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We have dedicated team members who cover Loughborough, Stockport, Syston, Lutterworth, Hinckley, Carlton, Hucknall,  Market Harborough, Beeston, Bulwell, Buxton, Leicester, Derby, Oadby

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