You’ve finally found a buyer for your house and you’re ready to move onto pastures new-but then what? Well first the solicitor who is doing your conveyancing will obtain the title deeds for the property and the documents relating to Land Registry. They will then provide you with two forms which you will need to complete: ‘Property Information Form’ and a ‘Fixtures, Fittings and Contents Form.’ You will also need to provide any other documentation relating to the property but are not held with the deeds, such as timber reports.

After your solicitor has all the relevant documentation they will prepare a draft contract, which is then sent to the buyer’s solicitor, who will then carry out the appropriate searches relating to the property, and raise any queries they have.

When all the queries they have are answered and the completion date etc is agreed, the contracts are signed by both parties, we proceed with the exchanging of contracts, and the sale is now legally binding. It is at this point that the deposit is paid.

Once the completion date arrives you will receive the sale balance from your solicitor, after they have paid any outstanding mortgage and taken their fees for legal services.

If it is you that is buying a property, then first of all congratulations! The conveyancing process begins for you as soon as your solicitor receives the draft contract from the buyers solicitor, which they will review whilst carrying out an relevant searches, such as the Local Authority Search.

If there are any issues relating to wither the documentation or the searches, then your legal team will raise these with the buyer on your behalf, and once they are sure there are no further queries they will construct a comprehensive property report.

If you are happy with this then a contract will be drawn up, which will be signed by yourself and the seller, and upon exchange of these the sale becomes legally binding and a completion date is agreed upon. The completion statement is then drawn up, the property is put into the buyers name and the balance is paid to your solicitor.

Then when the completion date arrives, the funds are transferred to the seller’s lawyers and the deeds are passed to you.

Looking for aChester solicitor for your conveyancing? Oliver & Co are experts in all areas of law, including conveyancing, personal injury, wills andasbestos law.

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