Monday, 15 May 2017 08:37

Conveyancing Specifically For Home Buyers | Homebuyer Conveyancing

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Find value for money Home Buyers Solicitors without the need to enter any personal details. When ready take a quote away and schedule a call.

Buying Property - The Conveyance Process

The property buying conveyancing process is defined as the legal transfer of ownership between the Seller and Buyer.

The process starts once the Buyer has made an offer on a property and the Seller has accepted it.

Buying Conveyancing Steps

The Buying a property process has the following steps.

  1) Buyer makes an offer ‘Subject to Survey’

  2) Seller considers the offer and accepts.

        The first offer may have been refused and the Buyer may consider increasing their offer.

  3) The Buyer passes over their Solicitor details to the  Seller

  4) Buyer arranges a Survey and Valuation

  5) The Survey results may lead to re-negotiation of the purchase price.

        Some works may be done by the Seller.

        The Buyer may decide to carry out works after completion.

        The Buyer checks with their lender if works can be carried out after completion.

        Buyer checks with Lender if a retention will be in place.

        Retention - The Buyers Mortgage Lender may hold monies back.

        Until works have been completed and inspected.

  6) Buyers Lawyer confirms instructions setting out the terms of purchase.

        Sends this information to the Sellers.

  7) The Sellers Solicitor, sends the contract pack to Buyers legals

  8) Buyers Lawyer checks Sales contracts pack and raises pre contract enquiries.

  9) Searches are carried out to highlight any issues that the property, location has.

       Which may affect the market value of the property.

10) Buyers Lawyer requests a copy of the Mortgage Lender offer

11) Buyers Lawyer reviews the Sellers response to enquiries

12) Buyer arranges for deposit to be paid to the Solicitor ready for exchange of contracts.

       Check where monies are being sent to.

       Make Sure that your Solicitor has received the monies.

       You could test this by sending just £100

       Then sending the balance once you know that the monies are being sent to the right place.

13) Seller and Buyer agree an exchange of contracts date.

       Via their appointed Solicitors.

14) Buyer must provide evidence that they have building insurance in place on exchange.

       They may have taken out the innovative Flexi Smart Contingency House Insurance.

       Which provides building insurance cover between exchange and completion for up to 28 days.

       Then after Exchange the Buyer can search the market for the best insurance.

15) Exchange of contracts date determined.

       Where upon the Homebuyer is legally committed to complete

16) Buyers Lawyer sends a draft transfer deed and completion forms to the Sellers Solicitor

17) Sellers Lawyer reviews the completion forms.

18) The Buyer has to sign the agreed contract document.

19) Signed agreement sent to Seller’s Solicitor for the Seller to sign.

20) Completion statement prepared by Buyers Solicitor.

       Contacts Mortgage Lender to apply for the release of funds.

21) Buyer and Seller to agree completion date.

Exchange of Contracts

22) Move to exchange of contracts.

       The contract to buy and and sell is binding at this point and no party can pull out.

Completion Day

23) On Completion Buyers Solicitor sends funds to Sellers Solicitor

24) Sellers Solicitor on receipt of funds, releases keys often via the appointed Sellers Sales Agent.

Moving Day

25) Buyers Solicitor sends applicable Stamp Duty to HMRC 

26) Finally the Buyers Solicitor registers the property with Land Registry.

27) The title of the property is now with the Buyer

Top Tips.

With so much to happen when offers are accepted it pays to instruct a Homebuyer Conveyancer before offer acceptance stage.

Compare accurate quotes from members of the Homebuyer panel without entering any personal details.

Filter your results by price, location and by Mortgage Lender.

When ready take a quote away, schedule a call directly from your chosen Conveyancer. Consider adding the Flexi Smart Contingency House Insurance.

or call

0345 463 7664

Where we can help you.

Read 2400 times Last modified on Friday, 10 August 2018 11:27

New Homebuyer Scottish Conveyancing panel

 Legal Coverage For Scotland

Why Choose Us

The Homebuyer Conveyancing panel provides you with the conveyancing calculation search filters to match your specific legal needs, when it comes to selling, buying and remortgaging residential property or buy to let investments. Our Lender Conveyancing Solicitors panel cover England and Wales. Your remortgage, sale and purchase conveyancing prices are fully itemised. No hidden extras. Free No Obligation Advice

First Time Buyer? Need Conveyancing Advice? – Prepare your conveyancing legal question and book a timed call back from your chosen Conveyancer.

Alternatively please call us on 0345 463 7664. We are here to help you.

Find your best Lender panel approved Conveyancing Solicitors quote for your residential New Build, Sale and Purchase, Moving House or Remortgage. Use our free independent Conveyancing Solicitors near me comparison service. 

Our Service Promise

  • Price Comparison quote service - No personal details
  • Conveyancing costs - Fully itemised quote - Include legal fees and disbursements
  • Book a call from your Conveyancer at your requested time
  • Professional Solicitors and Licensed Conveyancers that understand your needs
  • Please call us on 0345 463 7664 We will help you find your best conveyancing quotes
  • The Homebuyer Conveyancing Panel are monitored for on time call backs and service delivery. They adhere to a Customer Charter. We value Customer feedback and act on it
  • SRA Regulated Solicitors and CLC Licensed Conveyancers
  • Homebuyers can add the Flexi Smart Contingency House Insurance

      Find out about Buyers Protect Insurance.

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      Conveyancing Direct Service

      The conveyancing costs Process Explained

 

Homebuyer Survey Costs

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Is your new property in good order and worth what you are paying for it.

You can get a discount on the following reports.

RICS Condition Report - Property Condition

RICS Homebuyer Report - Property Condition and Valuation

RICS Premium Building Survey - Property Condition, Valuation with approximate urgency with cost

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