Typical Transaction

Stage

Buyers

Sellers

3: Instruct us and we will immediately allocate your personal specialist convayancer to deal with your case.

4. We issue the contract on the day you market your property.

5. We carry out necessary money laundering checks so you comply with government legislation.

3. We receive contracts and other papers from seller's solicitors and ask for additional enquiries where necessary.

4. We ask the seller about possible defects in your proposed title and any planning permissions and applications, road usage, electricity and water supply etc which affect your proposed purchase.

5. We contact the Land Registry asking about the legal title to sell to you, and to such other agencies as may be required (coal board, water authority, environmental etc)

6. Investigation of Title: When the results to all of these searches are returned then we will advise you accordingly.

7. Approve Draft Contract: We will make appropriate amendments to the draft contract submitted by the seller with the pre-contract papers, bearing in mind the searches.

6. Once your buyer has the contract we will chase their approval of the contract and the Transfer deed.

7. We consider whether the purchasers conveyancers raise relevant enquiries or not on the contract papers issued to them.

8. We take instructions from you on your proposed move date (completion date).

9: We take instructions on deposit and all other pre exchange documentation.

9 Exchange of Contracts: This is when a legally binding contract is made.
Once we exchange you can no longer be "Gazumped". It is also at this point when you fix the day the move in-completion date take place.

10. We will ensure a syncronised exchange of contracts.

11. We will ensure you have agreed a completion date before you commit yourself to exchange.

12. We send the contract and deposit to seller's solicitors.

13. We prepare Purchase transfer Deed: That will legally transfer the property from the seller to you. We first send this to you to sign and then we send this to the seller for approval.

9. Exchange of Contracts: This is when a legally binding contract is made and when you can fix a date for completion, namely when you have to move out.

10.We will ensure a syncronised exchange of contracts

11. We will ensure you have agreed a completion date before you commit yourself to exchange

12. The purchaser's conveyancer will send a deposit to us.

13. We will consider and approve the transfer (purchase) deed and you will be asked to sign it providing we believe is acceptable to protect your legal rights.

15: At Completion: We send the money to the seller's solicitor, for the balance of the purchase money and once receipted the keys are released to you via the estate agent and you can finally walk in and relax.

16: We ask for the seller to forward to us your new title deeds in return.

15. At completion we ensure that we receive from the buyer's solicitor the correct balance of the purchase price in order to effect your sale.

16. We arrange forwarding of the correct title deeds to the buyer's solicitor on completion to abide by your contractual position to effect sale.

17. Post Completion Matters: We arrange payment on your behalf of government tax on the transfer ("Stamp Duty"), and send your appropriate form to the Inland Revenue to the discharge to the land registry. We can even arrange completion of this on your behalf if you wish us to.

18. We deal with your obligation to register the transfer with the land registry within their strict time limits by, for example, dealing with removal of the entry relating to the sellers mortgage on what is now your property so you are not burdened with the sellers' mortgage and then we attend to registering you as the new owner.

17. Post completionProviding the buyer's solicitor has dealt with their side of the agreement we will hand over the title deeds to the buyer's solicitor.

18. We send you the balance or use this towards any purchase of another property.

Stage 7 - Optional stage, if you have a Mortgage

19. Note: If you also take out a mortgage there are additional steps outside the normal conveyancing transaction which we will explain if we are instructed on the mortgage as the work the lender will require will depend on the lender you choose. Each lender has different requirements governed by their entry in the Council of Mortgage Lender's Handbook and as per the individual mortgage offer to you and we will be unable to fully advise you until we receive a copy of your mortgage offer.

19. Note: If you are also redeeming a mortgage there are additional steps outside the normal conveyancing transaction which we will explain if we are instructed on the mortgage redemption, such as applying for the settlement figure for your mortgage and sending money to the lender to pay off the mortgage and legal fees:

In addition if you take out a mortgage there are additional steps outside the normal conveyancing transaction which we can advise upon once we receive the mortgage papers for redemption of your mortgage prior to your sale as each lender has different requirements governed by their entry in the 'Council of Mortgage Lender's Handbook' and as per the individual mortgage.