What is Conveyancing?  

Conveyancing is the legal transfer of property from one owner to another.  The conveyancing process, if properly carried out, ensures that the purchaser owns all the property, land and rights that have been paid for. 

Conveyancing Guides

Sale

Legal Stages in relation to your sale

Please find detailed below the legal stages in relation to your conveyancing in respect of selling your property. 

STAGE I - SALE AGREED

Obtain your title deeds, Office Copy Entries and ask you to fill in detailed questionnaires.

Prepare and send out a contract package detailing legal information of your property title. 

Request a settlement figure for your mortgage and any other secured loans over your property.

STAGE II - EXCHANGE OF CONTRACTS

Obtain instructions in relation to completion dates requested from purchasers lawyer.

Organise final accounts and prepare a final settlement for your approval. Collect in any balance of funds required if property is in negative equity.

Approve the transfer deed and arrange for you to sign it by way of post.

STAGE III - COMPLETION

Send any balance of money to you

Hand over the Title Deeds and Documents to purchasers lawyer.

Pay off the mortgage and notifies HM Land Registry when official receipt from lender is received.

HOW CAN I SPEED UP THE PROGRESS IN RELATION TO MY SALE?

Once you are certain that you wish to sell your property there are several things that can be done in anticipation of the sale which can help to speed up the progress. 

Try to follow the tips below to speed up your conveyancing: -

	Instruct Chartahouse Conveyancing Services at same time as your estate agent so that we can obtain your Title Deeds and Documents and prepare a contract package in readiness of your sale.
	Try to respond to correspondence as quickly as possible.
	Try not to arrange completion dates prior to your purchaser being in a position to proceed.

Chase the estate agent in relation to purchaser obtaining finance.

Purchase

Legal Stages in relation to your purchase

Please find detailed below the legal stages in relation to your conveyancing in respect of purchasing your property. 

STAGE I - SALE AGREED

Organise searches (Local Search and others if necessary) on your behalf and ask you for a payment on account of such expenses.

Raise enquiries on the legal title of the property which is sent to the sellers lawyer. 

Receive mortgage offer and deal with all the conditions on your behalf.

Receive search results and deal with any problems revealed.

Prepare the deed of transfer and mortgage deed and arrange for you to sign them when final report is provided.

Once all legal matters are resolved your conveyancer will report to you with the contract for signing and request your deposit in readiness for exchange.

STAGE II - EXCHANGE OF CONTRACTS

Hand over the deposit to the seller's conveyancers.

Prepare a final completion statement for your approval. Collect in any balance of funds required.

Organise final searches to check in respect of protecting your interests, Title Search and Bankruptcy Search as requested by your lender.

Request mortgage funds to be provided on day of completion from mortgage lender. 

STAGE III - COMPLETION

Receive and arrange for payment of any stamp duty to the Revenue & Customs.

Prepare and send off application to HM Land Registry to register your ownership.

Once application is received from HM Land Registry send deeds either to the lender (if mortgaged) or client (if property was financed by cash).

HOW CAN I SPEED UP THE PROGRESS IN RELATION TO MY PURCHASE?

Once you are certain that you wish to purchase the property there are several things that can be done in anticipation of the purchase which can help to speed up progress. 

Try to follow the tips below to speed up your conveyancing: -

	Instruct Chartahouse Conveyancing Services immediately when you placed an offer on property.
	Provide Payment on Account as quickly as possible to enable searches to be performed as the local authorities can take up to three weeks to provide results.
	If you are purchasing by way of mortgage arrange your mortgage offer at the start of transaction.

Try to respond to correspondence as quickly as possible.