Read our blog for advice on the buying conveyancing process - what happens and what the solicitor needs from you
A guide to the conveyancing process - buying
After instructing a solicitor, you will receive their welcome pack through the post with various forms and documentation that you need to fill out and return. Your solicitor will wait for the seller’s solicitor to send out a draft contract to them and will then raise enquiries (ie ask questions about) the property on your behalf.
When all of the enquiries have been answered and your mortgage offer has been checked, your solicitor should be satisfied that the purchase can proceed. They will then send you a written report on the purchase and a contract for you to sign. You can either do this in their office or remotely in front of a witness. At this point, you will also be able to request the actual day that you want to move, to be agreed with the seller.
After a final call to you, your solicitor can then “exchange contracts” (this takes place over the telephone with the seller’s solicitor) with an agreed completion date. The move is then legal and binding for both buyer and seller.
On the day of “completion” (the day you actually move - often 2 weeks or so after exchange) your solicitor will receive your mortgage money plus any money that you may need to send in to make up the total owed. This will then be sent to the seller’s solicitor to tie up the deal.
With thanks to The Property Law Group: www.thepropertylawgroup.co.uk/conveyancing