The Conveyancing Process Explained
/The Conveyancing Process can be complicated and if you are purchasing a home for the first time, it can be daunting. Our post explains what needs to happen and the steps you need to take before you can move into your new home. We have created an infographic of the process that you can download here.
Find a House
You have found your dream home and secured a mortgage (if required).
Instruct a Solicitor/ Conveyancer
You will need a Solicitor or Licensed Conveyancer to complete the legal work for your new home.
Enquiries and Searches
Your Solicitor or Conveyancer will carry out searches on the property and raise any queries with the sellers conveyancer.
Proof of funds and mortgage
Your solicitor will need to see proof of any funds that you are using for the purchase and details of any funds from a third party, such as parent /grandparent. Your lender will send your solicitor separate mortgage instructions with a copy of your offer and will carry out a survey to confirm the valuation given for your property.
Signing the Contract
You will be asked to sign the contracts. You need to check that all queries have been answered and that the fixtures and fittings that are being left have been agreed.
Exchanging Contracts
When contracts are exchanged, you are now in a legally binding agreement. You will set your moving date on exchange of contracts.
Completion Day
Once all the monies have been received by your sellers' conveyancer, they will release the keys to the estate agent.
Move In
Collect the keys from the estate agent and move into your new home!
