The Solicitor & You:
A solicitor's job is to take care of all legal aspects of moving house, which include:
- Local Search Fee
- Land Charges Search Fee
- Land Registry Fees
- Stamp Duty
- Dealing with lenders
How quickly a sale is completed very much depends on how good and efficient a solicitor is. We are linked to excellent solicitors who work effectively and, more importantly, very quickly to ensure your sale or purchase goes through quickly. The following table acts as a guide, showing you the steps taken in a normal conveyancing transaction. There are two types listed, a
freehold residential purchase and a
freehold residential sale. There are some steps that are common to both a sale and a purchase, which are shown in the centre column.
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STEP
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Residential Purchase
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Common To Both
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Residential Sale
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1
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Quote sent to you with information pack
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2
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Return of our information pack by you
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3
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Write to all parties
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4
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Request draft contract
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---
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Obtain deeds of property
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5
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Receive contract
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---
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Draft contract and send out
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6
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Submit a local authority search
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---
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Obtain office copy entries
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7
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Receive office copy entries
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---
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Receive preliminary enquiries
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8
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Receive Local search and consider
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---
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Answer preliminary enquiries
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9
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Submit other appropriate searches (if applicable)
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---
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10
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Raise the necessary pre-contract enquiries
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---
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11
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Draft contract approved
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12
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Send contract and report to the client to Obtain your signature
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13
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Exchange contracts / agree completion date
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14
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Draft and send requisitions on title
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Reply to requisitions on title
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15
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Prepare the draft transfer
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Amend / approve draft transfer
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16
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Obtain client's signature on approved transfer
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17
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Draft the financial statement
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18
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Conduct bankruptcy searches
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---
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Request any estate agent invoice
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19
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Submit land charge and registry searches
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---
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20
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Draft the financial statement |
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21
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Transmit the purchase monies (CHAPS)
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Receive sale monies
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22
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Complete the transaction |
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23
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Send title deeds to purchaser’s solicitor
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24
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Settle any relevant accounts
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25
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Report to the client with money
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26
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Peruse the title deeds
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---
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27
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Stamp the transfer
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---
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28
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Arrange registration of title
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