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Conveyancing Process – Buying

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.

Edward Hands and Lewis Solicitors Conveyancing Buying Process

 

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!

 

Kick start the conveyancing process and arrange for a conveyancing quote.

Conveyancing Enquiry

Other topics related to the conveyancing process:

Click on the links below to find out more about:

Buying a house

Selling a house

Conveyancing process – selling

Right to buy

Unregistered properties

First-time buyer

Leasehold property or freehold property?

Shared ownership

New builds

Buy to let

Remortgaging

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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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