10 Steps to Conveyancing through your Mortgage Adviser
Conveyancing is the legal process of transferring property from one owner to another.
1
CHOOSE YOUR SOLICITOR
We recommend a Solicitor based on the best price & customer reviews. Once you are happy to proceed, we instruct the Solicitor.
3
CONTRACT REQUESTED
Your Solicitor requests a contract pack from the seller's Solicitor & raises the appropriate enquiries.
5
MORTGAGE OFFER RECEIVED
Once you have received a mortgage offer from your Lender, make sure your Solicitor has a copy.
7
DEPOSIT REQUIRED
Your Solicitor will discuss with you the deposit that is required & when & how it should be paid.
9
COMPLETION
Your Solicitor requests the mortgage funds from your Lender & prepares a completion statement. Once the funds are received, your Solicitor sends these to the seller’s Solicitor. The keys can now be released to you.
Your Mortgage Adviser is:
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4
Follow the progress of your case & communicate with your Solicitor via the online case tracking system.
2
SOLICITOR’S CLIENT CARE PACK
You complete & return the client care documentation sent by the Solicitor & pay the agreed fees. You can then follow progress of your case on the tracking system.
4
SEARCHES ORDERED
Your Solicitor orders searches on the chosen property (Local Authority, Water & Drainage, Environmental, etc.) .
6
SEARCHES & REPLIES RECEIVED
Once enquiries have been replied to & your Solicitor is satisfied, you will be asked to check & sign some key documents: Transfer deed, Mortgage deed, completion statement, report on title & the contract itself.
8
CONTRACTS EXCHANGED
All parties agree on a completion date & contracts are formally exchanged.
10
STAMP DUTY PAID
Your Solicitor arranges for your Stamp Duty Land Tax (SDLT) to be paid to the UK Government.
Time to celebrate!