Conveyancing is an integral part of the buying and selling process, it's important you have a dedicated and efficient legal team so you know what's going on and are updated through your property transaction. Our 8 step process should help you understand the next stages.
There are two types of Survey, a Home buyers report and building survey.
The Home buyers report will check things like damp, or any repair work that needs doing. This could help potentially re-negotiating if their's lots of work to be done.
A Building Survey - could be more relevant to older buildings, including looking under the floorboards etc. It will give you a full and comprehensive report.
Once an offer has been accepted on a property, legal documents need to be prepared to transfer the ownership. The solicitor acting on behalf of the seller, will draft the sale contract for approval of the buyers solicitor.
It's important you have your mortgage in place as soon as possible to avoid any complications or delays.
4. Final Report
Signatures needed on contract and the deed needs to be passed.
The mortgage has been sorted, both parties sign and are now legally transacted to complete. The buyer pays the deposit and agree on a completion date.
6. After Exchange
Some final searches maybe needed and the final deed needs to be signed by the seller.
You agree a date to transfer keys and you complete on the transaction.
8. After Completion
The solicitors will finalise the legal requirements, including paying SDLT, Land registry registration etc).