This is only a brief summary. For the full guide click below.
Conveyancing refers to the parts of the house buying or selling processes that involve legal documents. You need a solicitor and a surveyor to undertake them.
- A Home Information Pack is prepared, usually by an estate agent
- Your surveyor will undertake surveys of the property
- Your solicitor will:
– Prepare the legal papers
– Conduct searches and check planning for building alterations
– Look through your mortgage offer
– Work out how you will pay your deposit when you come to exchange contracts
Exchange of contracts
- It is advisable to have buildings insurance from this point, and life insurance if part of the mortgage contract
- You will have an appointment with your solicitor to sign the contract and other papers
- You will pay your deposit
- Your solicitor will confirm when the contracts are exchanged and set a completion date
You get keys to the property and pay for it in full