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Conveyancing Solicitors Peterborough

Conveyance solicitors in Peterborough will help you sell or buy your next home. With our experience and understanding in conveyance law, will help you meet all the legal requirements without making the process complex or hard to understand. Here are our simple steps to selling or buying a home.

Conveyancing process for buying a house

Step 1 – Initiate

To assist you with the process of buying a house, you will need to get in touch with us. You will be required to complete the initial paperwork and also provide us with your form of identity. If you have any searches that you would like us to conduct, you will be required to transfer the funds to allow us to do this.

Step 2 – Receive draft contract

The seller’s solicitor in Peterborough will send us the draft contract along with the electronic deeds, protocol papers, and duplicates of other important documents. We will need some time to go through all the documents.

Step 3 – Searches and investigation of title

If you had requested any searches, they will be done during this step. We will also review the contract and verify the attached documents. In case there are any questions or enquiries that need to be made, they will be directed to the seller’s solicitors.

Step 4 – Report

Based on the documentation, the contract and the response that we get from the seller and his team, we will create the report that includes your mortgage offer and send it to you. Because we will also cater to the financial aspect of the transaction, we will also include a completion statement.

Step 5 – Signing

If you’re happy with the paperwork and the answers to the enquiries that we had made, we can proceed to arrange for the signing. The completion date will also be settle upon by all the parties during the signing. After the signing, you will be required to transfer the deposit for the house to allow arrange for the next step.

Step 6 – Exchange of contracts

A contract exchange makes the whole process legally binding. After the exchange of contracts, the deposit will be transferred to the seller’s solicitors, and we will request your lender to pay for the mortgage advance. You should ensure that all monies owed to us are cleared well before the completion date.

Step 7 – Completion of Conveyancing process

We will send the full purchase price of the house to the seller’s solicitor, and the keys will be left with the estate agent. Once the money has been received, the keys will then be released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions

The process of selling your house is a little different. We will need to talk about the sale and possibly take some notes that will allow us to start the process. Initial paperwork that includes protocol forms that shed more light on the property will have to be filled, and we will also ask for your form of identity. If office copy entries are required, we will also ask that you make funds available for them.

Step 2 – Contact with your mortgage lender

We will contact your mortgage lender to provide us with an account statement showing how much of the mortgage is yet to be paid and also provide us with copies of the current title deeds.

Step 3 – Obtain documents from the Land Registry

At the cost of £12.00, we will obtain up to date electronic deeds which are also known as official copies from the Land Registry.

Step 4 – Preparation of draft contract

For the sale of your house, we will need to prepare a draft contract and send it to buyer’s solicitors. The contract will include other documents like the electronic deeds and protocol forms.

Step 5 – Enquiries raised by buyer’s solicitor

The buyer’s solicitor will need to review the draft contract and the paperwork attached. This might take some time. If there are any questions, the buyer’s solicitor will direct them to us, and we will refer to you for answers. Depending on the number of enquiries, this process might take up to one week.

Step 6 – Agree on a completion date

If the buyer is satisfied with the answers that you have offered, we will arrange for the signing of the draft contract. A completion date will also be set by the parties after which the buyer will be expected to transfer the deposit amount to their solicitor.

Step 7 – Exchange of contracts

After exchanging the contract, the transaction and its terms become legally binding. The buyer’s solicitor will transfer the deposit to us after which we will request for a final redemption statement from your lender.

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

On the completion date, the buyer’s solicitor will transfer the full balance of the purchase price of the house to us. You will be instructed to leave the keys with the estate agent and only after we have received the money will the keys be released to the buyers. We will then offset the mortgage balance and any other sale related costs and send the balance to 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

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


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Conveyancing Solicitors Peterborough

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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