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28 Apr 2017
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  1. Conveyancing Solicitors
  2. Conveyancing Quote
  3. Conveyancing Advice
  4. Conveyancing Guide

Conveyancing Guide

Conveyancing Guide

A beginners Guide

There are three main stages involved in any conveyancing transaction and we have set out below a summary of what each solicitor does at each stage.

Step one

Sellers solicitor

Applies for your title deeds and asks you to fill in enquiry forms
Prepares a contract and sends this out with a legal information pack
Answers any additional enquiries buyers solicitor may have
Negotiates the moving (completion) date


Buyers solicitor

Asks you for money on account of expenses
Receives contract and other papers from sellers solicitor and
asks additional enquiries if necessary
Carries out local authority search
Receives mortgage offer
Reports to you with contract for signature and requests deposit
 (or uses deposit from sale - if any)

Step Two

Sellers solicitor


Receives the buyer's deposit
Obtains a settlement figure for your mortgage
Approves the transfer deed and arranges for you to sign it


Buyers solicitor


Sends contract and deposit to seller's solicitor
Prepares transfer and mortgage deed and sends them to you to sign
Arranges final searches
Prepares final accounts and requests any monies required from you

 

Step Three

 

Sellers solicitor


Receives balance of purchase price
Pays off the mortgage
Hands over the deeds
Sends you the balance or uses this towards purchase (if any)


Buyers solicitor


Sends balance to sellers solicitor and collects deeds
Pays stamp duty (if any)
Registers purchase at Land Registry
Sends deeds to Bank or Building Society (if any)

 

 

CONVEYANCING IS NOT REGULATED BY THE Financial Conduct Authority

 

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd. Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 456600