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Conveyancing Factsheet

You can download our factsheet in PDF format by clicking here

The conveyancing process

Conveyancing is the term for transferring ownership of a property from one person to another. This process is carried out by a solicitor or licensed conveyancer. Conveyancing may also be required for a remortgage.

Sale

Once an instruction has been received and the client care letter completed and returned, the solicitor will review the home information pack.

The solicitor will also need to establish what will, and will not be sold with the property: fixtures, fittings, etc. Any other paperwork which you have which affects the building itself will also need to be sent to the solicitor: any guarantees for structural work, building extensions, planning permissions, and so on.

After the solicitor has reviewed all of these documents, they will be able to prepare a draft contract, which will be sent to the purchaser's solicitor for consideration.

Once all parties are happy with the results of the above searches and queries, the contracts can be signed and a completion date set.

Exchange of Contracts will follow, and the sale becomes legally binding. Deposit monies will change hands, solicitors accounts will be finalised, and any loans which need to be repaid will have redemption figures calculated.

On completion day, the solicitor will receive the rest of the money from the purchaser's solicitor for the purchase of the property. In return, they will supply them with the Land Certificate. Any outstanding mortgage will be paid off (along with any other loans which are part of the transaction) and the residual balance from the sale proceeds transferred to you.

To learn out about the Remortgage Process click here or the Purchase Process click here.