Residential Property Conveyancing
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If you need residential property conveyancing then Penningtons are able to provide estimates of costs through our online form for no charge and with no obligation, our property solicitors have many different guides to help you through all the different aspects that face vendors and buyers. There are many different stages in conveyancing when it comes to residential property. Below you will find a list of the stages that we carry out first there will be the buyers stages followed by the sellers.
First of all we have to get monies from yourselves to pay for searches that we do to ensure there will not be a bypass built through your house in years to come and make sure you're property is not built on a former swamp and suffer from subsidence further down the line. Then we need to contact the sellers solicitor to make enquiries into the property and go through the contract that they have. The next stage is to check with the local authorities about land and water. Then we will show you the property information form for you to read through and see if you find the fixtures and fittings list agreeable, if you are not a cash buyer then we need to get a mortgage offer from the lender that you are using, then we will send you the contract to sign and get your deposit for us.
When you have sent us the contract we will forward this and the deposit onto the vendors solicitors to show payment for the residential property is in place. We can then move on to preparing the transfer of the deeds and send them to yourselves. The final set of searches will then be made against your own residential property, unless of course you are a first time buyer. Then we will finally request the outstanding balance.
The stages in the conveyancing of the property for the seller are as follows;
Firstly we will have to apply for the deeds and any copies of land registry that there are which the mortgage lender will usually request. Then we have a form for you to fill in and let us know of the fixtures and fittings that will be left. We must then check for damp reports tand timber reports to ensure the property is sound structurally. Then prepare the contract for the buyer. Finally when everything is in place and all queries answered and contracts signed we will agree a date for final monies to be paid, then and only then will the conveyancing process be finished on your property.