When you sell your property you’ll want the services of a firm that is expert in Conveyancing to help you complete the legal side of the transaction smoothly and efficiently. This guide helps to explain what is involved with each stage of the process.
Instruct a conveyancer
Advise your property professional to instruct your conveyancer of choice.
Complete care pack
Your conveyancer accepts your case (usually within 24 hours). They will send you a client care pack for you to fill in and return.
Please note – the conveyancer is unable to start work until they receive this back
Return care pack, work begins
Your completed client care pack is received by your conveyancer, work can now start on your case.
ID requirements satisfied
Your identification is received and your conveyancer will check to ensure it satisfies requirements.
For your information
Your conveyancer will send you a property information form along with a fixtures and fittings form for you to fill in. The property information form asks about boundaries, alterations, guarantees and warranties etc.
The fixtures and fittings form makes it clear to the buyer exactly what is included within the sale cost and if any other items will be available for them to buy at an additional cost (furniture, white goods etc.).
Contract paper issued
Your conveyancer is responsible for drawing up a legal contract to transfer the ownership of the property to your buyer. This contract is sent to your buyer’s conveyancer for them to approve or raise enquiries.
Enquiries received from buyers with approved contract
Your conveyancer will have the approved contract in hand from your buyer’s conveyancer, along with relevant enquiries (if applicable). At this stage, your case handler may need to contact you for further information to address the questions raised. To avoid delays, please respond at your earliest opportunity.
Replies to enquiries sent to buyers
Your conveyancer will reply to the buyer’s initial enquiries, based on the additional information you provided. Additional enquiries may be raised by the buyer’s conveyancer at this stage.
Signed contract received from client
Your conveyancer will receive the signed contract from the buyer in readiness for exchange.
All parties agree on a completion date and contracts are formally exchanged. At this point both parties are legally committed to the transaction.
Once you have vacated your property on completion day, you must make arrangements to hand over the keys (usually via your estate agent). The buyer’s conveyancer will send the purchase funds to your conveyancer and once received the keys will be released to the buyer.
Your conveyancer sends the title deeds and transfer deed to the buyer’s conveyancer together with an undertaking to use the funds received to repay any existing mortgage.
Your conveyancer then pays the estate agent (if one was used), repays the amount owing to the existing mortgage lender (if applicable) and takes payment for their conveyancing service costs. Any surplus will be paid to you, if not being used for another purchase by you.