Guide Conveyancing Process

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 inquiry forms
Prepares a contract and sends this out with a legal information pack
Answers any additional inquiries 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 inquiries 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)

If you would like a quote for your conveyancing we will obtain a quite for you from LMS.

Conveyancing enquirers are referred to a third party. Neither Go Direct or PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority and may have limited consumer protection.