Buying with the Conveyancing Group

 

Buying your house will probably be the largest single financial transaction you will ever make. The Conveyancing Group can help you through the process quickly and with minimal stress.

 

If you are thinking of buying a property we will provide you with a detailed quote so you know exactly where you stand. If you are satisfied with the quote, then all you need to do is give our details to the New Home Solutions or Mortgage Provider and we will handle everything from there.

 

The general process will then be as follows:

 

• We will open a file and send out our initial paperwork

• The seller’s solicitors will provide us with a draft contract package and supporting documentation (title and fixtures and fittings form etc).

• We will thoroughly check the documents and raise any necessary enquiries with the seller’s solicitors.

• We will submit searches against the property and investigate the results.

• In the meantime your Lender will carry out a valuation, and, if satisfied, will send you a Mortgage Offer – we will also receive a copy of this together with instructions to act also on behalf of the Lender.

• Once we have investigated the documents, search results and your mortgage offer, we will prepare your property report and send you the paperwork for your signature.

• We will also send you a detailed financial statement giving details of all amounts received and spent, and confirming the balance that may be needed to complete the purchase.

• Once we have your signed paperwork and completion monies we will proceed to exchange contracts with the Seller’s solicitors and will pay the deposit monies to the Seller’s solicitors. This is the stage at which both you and the Seller are legally committed to the transaction and a completion date (moving date) will be set. The completion date will have been previously agreed by all parties.

• We will submit a report to your Lender confirming that all is in order, and requesting the mortgage monies.

• We will carry out a Land Registry search against the property to ensure that there have been no new matters registered against the Title.

• The Lender will transfer to us the mortgage monies.

• On the date agreed for completion, we will transfer to the Seller’s solicitors the balance of the purchase monies.

• The Seller will vacate the property – the keys are usually left with the Estate Agents for collection by you.

• We will submit a Land Tax Return and arrange for your title to the property to be registered at HM Land Registry.

 

 

 

Selling with the Conveyancing Group

 

If you are thinking about selling a property we will provide you with a detailed quote so you know exactly where you stand.

 

If you are satisfied with the quote, then all you need to do is give our details to New Home Solutions or Mortgage Provider and we will handle everything from there.

 

The only other cost involved in a sale will be the cost of obtaining up to date office copies and a bank transfer fee, to repay the monies owed to your lender.

 

The general process will be as follows:

 

• We will gather some initial details from you, so that we can progress with the sale as quickly and smoothly as possible, with minimal disruption to you.

• We will obtain details of the title to your property from Land Registry.

• We will contact your Lender and request any documents they may hold, and obtain a redemption figure on your mortgage.

• We will also draft a Contract and send this to the Buyer’s solicitors.

• We will deal with any enquiries raised by the Buyer’s solicitors.

• We will arrange for you to sign the Sale Agreement and you will let us know what completion dates suits you best. We will liaise with the Buyer’s solicitors and, if appropriate, the Estate Agents in order to agree the moving date.

• We will proceed to exchange contracts with the Buyer’s solicitors and will receive a deposit from the Buyer’s solicitors – this can be as much as 10% of the purchase price but will depend upon the amount being borrowed by the Buyer or whether there is a chain of properties involved. This is the stage at which both you and the Buyer are legally committed to the transaction.

• You will sign the Transfer Deed in readiness for completion.

• On the date agreed for completion, the Buyer’s solicitors will transfer to us the balance of the purchase monies.

• You will vacate the property ensuring all items of furniture etc are removed save for those items included in the sale.

• We will send the Transfer Deed and other relevant documents to the Buyer’s solicitors and pay off your mortgage.

• We will settle the Estate Agent’s account, deduct our own fees and remit the remaining monies to you or utilise the same towards any related purchase.

• We will send to you a detailed financial statement when formally reporting completion to you.