Conveyancing Solicitors Melbourne Derby

The property market is a delicate one. Whether you’re selling or buying a house, you need the guidance of reliable and professional conveyancing solicitors in Melbourne, Derby. With our simple and straightforward seven-step approach, in either case, we will help you sell or buy a house and most importantly make the process simple.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

The process will be initiated by you contacting us. To make it official, you will need to provide us with a form of identity and complete the initial paperwork. If you would like any searches done, we will also request that you send us the funds to facilitate this.

Step 2 – Receive draft contract

The seller’s solicitors will draft a contract and send it to us. With it will be the official copies, property forms and duplicates of any other documents that are essential to the process.

Step 3 – Searches and investigation of title

Once we have received the draft contract, we will review it and investigate the title. We will also carry out the searches that you had requested. In case of any questions, we will send them across to the seller’s solicitors who can then relay them to the seller. This step can take a bit of time depending on the number of enquiries made.

Step 4 – Report

Based on findings of the search and the responses to the enquiries, our conveyancing solicitors in Melbourne will draft a report that includes your mortgage offer. Since we will also handle the financial aspect of the transaction, the draft will also include a completion statement which will highlight the sum of money you will be expected to pay.

Step 5 – Signing

A date for signing will be set if you’re happy with the response to the enquiries. You will also be required to set a completion date together with the other parties in the process. Before the next step is taken, you will be required to send us the deposit of the house which is usually 10% of the buying price.

Step 6 – Exchange of contracts

Exchanging contracts marks completion day and makes the entire transaction legally binding. We will then send the payment to the seller’s solicitor. You should ensure that any due to us are cleared at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

On the final day, the full purchase price of the house is sent to the seller’s solicitor, the seller leaves the key with the estate agent and once the seller’s solicitor confirms receiving the money; the key is released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

Selling is a little different. We will need to have a sit-down and gather a couple of details regarding the sale. We will then start the process. First, we will require you to complete the initial paperwork. You will then provide us with your form of identity. The initial paperwork will also contain some protocol forms asking questions about the house you’re selling. We will also request you to send us funds for any copy entries.

Step 2 – Contact with your mortgage lender

To get a statement of your mortgage payments and apply for the current title deeds to the property, we will contact your mortgage lender.

Step 3 – Obtain documents from the Land Registry

At a cost of about £12.00 (payable by the buyer), we will obtain electronic copies of the title deed.

Step 4 – Preparation of draft contract

From the documents, we have collected and information, we will put together a draft contract and send it to the buyer’s solicitors. We will attach other related documents like the protocol forms, official copies and other documents that are relevant to the properties. We will then allow time for the buyer’s solicitors to go through the paperwork.

Step 5 – Enquiries raised by buyer’s solicitor

In this step, the buyer’s solicitors will forward any questions they have from the draft contract and the property in general. The questions will be directed to us and then channeled to you.

Step 6 – Agree on a completion date

Once the buyer and his solicitors are happy with the responses, you can agree on the signing and a completion date.

Step 7 – Exchange of contracts

To make the transaction legally binding, you need to exchange the contracts. This also makes the completion date legally binding. Once it is done, the buyer’s solicitor will send the deposit to us. We will then request your lender to send us a statement of the final redemption.

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

To seal the transaction, the buyer’s solicitor will have to send us the full balance of the purchase price of the house. The estate agent will keep the keys to the house and once we have the money with us, the keys will be handed over to the buyer. We will then clear your outstanding mortgage and any other costs related to the transaction and then send the balance over to you. Being you house selling and buying process with our conveyancing solicitors in Melbourne, Derby.

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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