Conveyancing Guide

Limetree Financial Services Limited

Conveyancing Guide

This is only a brief summary. For the full guide click below.

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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.

The preliminaries

  • 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

Completion

You get keys to the property and pay for it in full

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