10 Steps to Conveyancing · PDF fileTime to celebrate! Conveyancing is the legal process of...

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Time to celebrate! Conveyancing is the legal process of transferring property from one owner to another. 10 Steps to Conveyancing through your Mortgage Adviser We recommend a Solicitor based on the best price & customer reviews. Once you are happy to proceed, we instruct the Solicitor. You complete & return the client care documentation sent by the Solicitor & pay the agreed fees. You can then follow progress of your case on the tracking system. Your Solicitor requests a contract pack from the seller's Solicitor & raises the appropriate enquiries. Your Solicitor orders searches on the chosen property (Local Authority, Water & Drainage, Environmental, etc.) . Once you have received a mortgage offer from your Lender, make sure your Solicitor has a copy. Once enquiries have been replied to & your Solicitor is satisfied, you will be asked to check & sign some key documents: Transfer deed, Mortgage deed, completion statement, report on title & the contract itself. Your Solicitor will discuss with you the deposit that is required & when & how it should be paid. All parties agree on a completion date & contracts are formally exchanged. Your Solicitor requests the mortgage funds from your Lender & prepares a completion statement. Once the funds are received, your Solicitor sends these to the seller’s Solicitor. The keys can now be released to you. Your Solicitor arranges for your Stamp Duty Land Tax (SDLT) to be paid to the UK Government. 1 CHOOSE YOUR SOLICITOR 3 CONTRACT REQUESTED 5 MORTGAGE OFFER RECEIVED 7 DEPOSIT REQUIRED 9 COMPLETION 2 SOLICITOR’S CLIENT CARE PACK 4 SEARCHES ORDERED 6 SEARCHES & REPLIES RECEIVED 8 CONTRACTS EXCHANGED 10 STAMP DUTY PAID Your Mortgage Adviser is: Follow the progress of your case & communicate with your Solicitor via the online case tracking system. 3 4

Transcript of 10 Steps to Conveyancing · PDF fileTime to celebrate! Conveyancing is the legal process of...

Page 1: 10 Steps to Conveyancing · PDF fileTime to celebrate! Conveyancing is the legal process of transferring property from one owner to another. 10 Steps to Conveyancing through your Mortgage

Time to celebrate!

Conveyancing is the legal process of transferring property from one owner to another.

10 Steps to Conveyancing through your Mortgage Adviser

We recommend a Solicitor based on the best price & customer reviews. Once you are happy to proceed, we instruct the Solicitor.

You complete & return the client care documentation sent by the Solicitor & pay the agreed fees. You can then follow progress of your case on the tracking system.

Your Solicitor requests a contract pack from the seller's Solicitor & raises the appropriate enquiries.

Your Solicitor orders searches on the chosen property (Local Authority, Water & Drainage, Environmental, etc.) .

Once you have received a mortgage offer from your Lender, make sure your Solicitor has a copy.

Once enquiries have been replied to & your Solicitor is satisfied, you will be asked to check & sign some key documents: Transfer deed, Mortgage deed, completion statement, report on title & the contract itself.

Your Solicitor will discuss with you the deposit that is required & when & how it should be paid.

All parties agree on a completion date & contracts are formally exchanged.Your Solicitor requests the mortgage

funds from your Lender & prepares a completion statement. Once the funds are received, your Solicitor sends these to the seller’s Solicitor. The keys can now be released to you. Your Solicitor arranges for your Stamp

Duty Land Tax (SDLT) to be paid to the UK Government.

1 CHOOSE YOUR SOLICITOR

3 CONTRACTREQUESTED

5MORTGAGE OFFER RECEIVED

7 DEPOSITREQUIRED

9 COMPLETION

2 SOLICITOR’SCLIENT CARE PACK

4 SEARCHESORDERED

6 SEARCHES & REPLIES RECEIVED

8 CONTRACTSEXCHANGED

10 STAMP DUTYPAID

Your Mortgage Adviser is:

Follow the progress of your case & communicate with your Solicitor via the

online case tracking system.

3 4