CONVEYANCING

The average process of selling, buying or re-mortgaging your home can take between 6-12 weeks. It can be quicker or slower depending on the parties in the chain. Below is a general summary of the process for conveyancing of residential property.  Obviously, this is a guide, as your actual transaction will be dependent on a number of circumstances.

FREEHOLD SALE

  • Provide you with a quote personally tailored to your circumstances and if agreeable, take your instructions
  • Obtain your ID documents
  • Obtain Land Registry documents/original Deeds if unregistered
  • Apply for a provisional redemption statement from your existing lender if applicable
  • Draft contract and accompanying documents
  • Await enquiries from the Buyer’s Solicitors and refer any necessary questions to you
  • Send you the contract and other documents to sign
  • Agree your completion date (i.e. your moving out date)
  • Exchange contracts and notify you (i.e. the date you are legally bound to sell the property)
  • Prepare our completion statement confirming the net proceeds of sale
  • Complete your sale
  • Pay Estate Agent’s commission and redeem your mortgage, if applicable

FREEHOLD PURCHASE

  • Provide you with a quote personally tailored to your circumstances and if agreeable, take your instructions
  • Obtain your ID documents and check that finances are in place to fund your purchase
  • Receive contract and accompanying documents
  • Carry out searches
  • Make enquiries of the Seller’s solicitors
  • Report to you on the documentation and information received
  • Explain the conditions of your mortgage offer to you
  • Send you the contract and other documents to sign
  • Agree your completion date (i.e. your moving in date)
  • Exchange contracts and notify you (i.e. the date you are legally bound to buy the property)
  • Arrange for all money needed to be received from both your lender and you
  • Complete your purchase
  • Deal with the payment of Stamp Duty Land Tax
  • Deal with registration of your purchase with HM Land Registry

LEASEHOLD SALE

  • Provide you with a quote personally tailored to your circumstances and if agreeable, take your instructions
  • Obtain your ID documents
  • Obtain Land Registry documents/original Deeds if unregistered
  • Apply for a provisional redemption statement from your existing lender if applicable
  • Draft contract and accompanying documents
  • Apply for Management Pack
  • Await enquiries from the Buyer’s Solicitors and refer any necessary questions to you and the Management Company
  • Send you the contract and other documents to sign
  • Agree your completion date (i.e. your moving out date)
  • Exchange contracts and notify you (i.e. the date you are legally bound to sell the property)
  • Prepare our completion statement confirming the net proceeds of sale
  • Complete your sale
  • Pay Estate Agent’s commission and redeem your mortgage, if applicable

LEASEHOLD PURCHASE

  • Provide you with a quote personally tailored to your circumstances and if agreeable, take your instructions
  • Obtain your ID documents and check that finances are in place to fund your purchase
  • Receive contract and accompanying documents
  • Receive Management Pack
  • Carry out searches
  • Make enquiries of the Seller’s solicitors
  • Report to you on the documentation and information received
  • Explain the conditions of your mortgage offer to you
  • Send you the contract and other documents to sign
  • Agree your completion date (i.e. your moving in date)
  • Exchange contracts and notify you (i.e. the date you are legally bound to buy the property)
  • Arrange for all money needed to be received from both your lender and you
  • Complete your purchase
  • Deal with the payment of Stamp Duty Land Tax
  • Deal with registration of your purchase with HM Land Registry
  • Notify the Management Company of your ownership and apply for Share Certificate if necessary

RE-MORTGAGE

  • Provide you with a quote personally tailored to your circumstances and if agreeable, take your instructions
  • Obtain your ID documents
  • Obtain Land Registry documents
  • Apply for a provisional redemption figure from your existing lender
  • Receive your mortgage offer from your new lender and explain the conditions of your mortgage offer to you
  • Send you the mortgage deed to sign
  • Agree your completion date i.e. the date from which your new mortgage commences
  • Arrange for all money needed to be received from both you and your lender
  • Complete your re-mortgage
  • Repay your existing lender
  • Deal with registration of your new mortgage with HM Land Registry