Conveyancing

We deal with commercial and residential conveyancing on competitive prices. With SSP Solicitors the Conveyancing fee you are quoted for the agreed work is the fixed Conveyancing fee you pay. No hidden fees.

 Conveyancing Process for Selling a Property (Freehold)

1. Seller instruct a Solicitor.
2. Solicitor carries out proof of identity checks and ask the seller to complete and return contents form and property information forms.
3. Solicitor obtains title deeds from official copies of the title register and any other documents required from the land registry and details of the amount outstanding on any existing mortgage from the lender.
4. Solicitor prepares the draft contract and supporting contract documentation and sends to the buyer’s Solicitor.
5. Buyer’s Solicitor checks the contract and supporting contract documentation and raises pre-contract enquiries with the seller’s Solicitor.
6. Seller’s Solicitor answer pre-contract enquiries from the information received from the seller.
7. Buyer’s Solicitor confirms if they are happy from their searches and are happy with the answers to pre-contract enquiries and/or are in receipt of a mortgage offer.
8. Both side solicitors with parties consent agree on a completion date and contracts are formally “exchanged” – meaning both parties are legally committed to the transaction. Seller’s Solicitor will obtain a settlement figure to repay the outstanding amount on any existing mortgage, if applicable. Buyer’s Solicitor drafts a transfer deed and sends to the Seller’s Solicitor.
9. Seller’s Solicitor checks the transfer deed and sends to the seller for signature in readiness for completion.
10. On completion the seller must vacate the property at a time to be agreed and make arrangements to hand over the keys, usually through the estate agent. Buyer’s Solicitor will send the proceeds of sale to the seller’s Solicitor and the seller’s Solicitor will arrange for the keys to be released to the buyer. The seller’s Solicitor sends the title deeds and transfer deed to the buyer’s Solicitor together with an undertaking to use the proceeds of sale to discharge any existing mortgage. The seller’s Solicitor then pays the disbursements including estate agent, if any, repays the amount owing to the existing mortgage lender, if any and takes payment for their professional charges.
11. Once all the payments have been made, the remaining money from the sale will be transferred to the seller, usually by bank transfer on the day of completion.

Conveyancing Steps for Buying a Property (Freehold)

1. Buyer makes an offer on the property, which is accepted by the seller.
2. Buyer’s instruct a Solicitor on acceptance of the offer.
3. Buyer makes an application for mortgage and arranges a survey on the property.
4. Buyer’s Solicitor contacts the seller’s Solicitor to obtain the draft documentation and information on property.
5. Buyers Solicitor checks the draft contract, raises pre-contract enquiries, carries out the necessary searches and obtains a copy of the mortgage offer.
6. Sellers and his Solicitor answer pre-contract enquiries and return these to buyer’s Solicitor.
7. Buyer’s Solicitor reviews the same and prepare a report for the buyer on the contents of the draft contract, pre-contract enquiries, the result of the searches and mortgage offer. The buyer then considers this report and raises questions on anything that is unclear.
8. When the buyer is happy to proceed, arrangements are made for the deposit to be paid to the buyer’s Solicitor in readiness for exchange of contracts.
9. Seller and buyer agree on a completion date and contracts are formally “exchanged” – meaning both parties are legally committed to the transaction.
10. Buyer’s Solicitor prepares a draft transfer deed and completion information form and sends these to the seller’s Solicitor for completion.
11. Seller’s solicitor approves the draft transfer deed and a final copy is made. This may need to be signed by the buyer before being sent to the seller’s solicitor for signature by the seller in readiness for completion.
12. Buyer’s Solicitor prepares a completion statement, carries out pre-completion searches and request to the buyer’s lender for the mortgage loan.
13. On completion, the seller vacates the property by the agreed time and buyer’s Solicitor sends the proceeds of sale to the seller’s Solicitor.
14. Seller’s Solicitor releases the keys to the estate agent and sends the title deeds and transfer deed to the buyer’s Solicitor together with an undertaking to repay any existing mortgage.
15. Buyer’s Solicitor sends the stamp duty payable to HMRC, receives the title deeds, transfer deed and proof that the seller has paid the outstanding mortgage on the property.
16. Buyer’s Solicitor registers the property in the name of the buyer at the land registry.
17. Buyer receives a copy of the registered title from the land registry. Any documents required by the mortgage lender to be retained by them are sent on by the Buyer’s solicitor.


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