Buying a Property

The client is sent a portal login to complete our online Welcome Pack and verify their ID. This process is designed to make it easy for clients to provide essential information and complete necessary checks in a secure and efficient manner.

The Conveyancer will review the completed Welcome Pack and ID information provided by the client. This is an important step in the process of verifying the client’s identity and ensuring compliance with anti-money laundering regulations.

We will now make a request to the seller’s Conveyancer for the contract documentation, which contains all the necessary information about the property. This will enable us to proceed with our review of the legal aspects of the transaction.

Upon receiving the contract documentation from the seller’s Conveyancer, we can commence our review of the property information. This will enable us to proceed with our assessment of the legal aspects of the transaction.

After reviewing the contract documentation, the Conveyancer will provide the client with a comprehensive property report. The report will detail any pertinent information, helping you make an informed decision about the purchase.

In addition, the Conveyancer will send legal enquiries to the seller’s Conveyancer to gather more essential information. These inquiries are designed to ask specific questions and clarify any uncertainties.

As part of the home buying process, a search package is usually conducted, which comprises a Local Authority, Water and Drainage, and an Environmental Search. It is common for the results to take up to three weeks.

The Conveyancer receives a copy of the Mortgage Offer, usually 3 to 5 days after the client receives their copy. They will review the offer and report to the client, to ensure they understand their mortgage obligations.

Local Authority, Water and Drainage, Environmental, and any other searches ordered will be received by the Conveyancer and reviewed. A detailed report will be sent to the client with a copy of the search results.

Once the Conveyancer has concluded that all enquiries have been addressed satisfactorily, they will prepare a Statement of Account and ask the client to provide the necessary funds. This is a crucial step in finalizing the transaction.

Once all parties in the chain are prepared to proceed, and deposit funds have been received, a completion date is agreed upon, and the exchange of contracts can take place. This marks a significant milestone in the property transaction.

Once the exchange of contracts takes place, the client is legally bound to complete the purchase on the agreed-upon date and becomes responsible for insuring the property immediately. This is a critical stage in the transaction.

Usually, there is a gap of a few days between exchange and completion. However, in certain cases, it is possible for both to take place on the same day. This can be arranged based on the needs and preferences of the parties involved.

On the day of completion, the Conveyancer will send all funds to the seller’s Conveyancer. Once received, usually around 2pm, their Conveyancer will contact the Estate Agents and instruct them to release the keys.

Upon completion of the transaction, the property will be registered in the client’s name at the Land Registry. This is an important step in finalising the legal ownership of the property and ensuring a smooth transition of ownership.