|
The Moving Process
These are the typical stages of conveyancing when purchasing a residential property.
- · Initial correspondence with all parties
- · Request and consider draft contract
- · Submit a local authority search
- · Raise the necessary contract enquiries
- · Consider search results/answers to enquiries
- · Submit other appropriate searches
- · Amend and approve draft contract
- · Send contract and report to the client
- · Obtain client’s signature on contract
- · Exchange contracts/agree completion date
- · Peruse the title of the property
- · Draft and send requisitions on title
- · Consider replies to the above
- · Prepare the draft transfer
- · Engross the above
- · Conduct bankruptcy searches
- · Submit land charge and registry searches
- · Draft the financial statement
- · Transmit the purchase monies
- · Complete the purchase transaction
- · Peruse the title deeds
- · Arrange registration of title
- · Stamp the transfer/dispatch title deeds
These are the Typical stages of conveyancing when selling a residential property in the UK:
- · Initial correspondence with all parties
- · Locate and obtain the title deeds
- · Draft a contract for purchaser's solicitor
- · Dispatch the above
- · Obtain office copy entries
- · Prepare Epitome of Title
- · Answer preliminary enquiries
- · Acknowledge approved contract
- · Send contract and report to the client
- · Obtain client's signature on contract
- · Exchange contracts with the purchaser
- · Agree the completion date
- · Reply to requisitions on title
- · Peruse the draft transfer
- · Amend/approve draft transfer
- · Obtain client's signature on transfer
- · Draft the financial statement
- · Request any estate agent invoice
- · Complete the transaction
- · Report to the client
- · Send title deeds to purchaser’s
- · Settle any relevant accounts
- · Account to client for sale proceeds
|
