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What DOES A Conveyancer Do?

STAGE I - Before the Exchange of Contracts

Seller's Conveyancer

  • Obtains your title deeds and asks you to fill in a detailed questionnaire

  • Prepares and sends out a package of legal information and a contract for sale
  • Requests a settlement figure for your mortgage and any other secured loans

  • Liaises with all relevant parties and negotiates a date for moving ('completion')

Buyer's Conveyancer

  • Organises searches at the local authority on your behalf and asks you for a sum on account of such expenses

  • Receives replies to questions raised and reports to you with the contract for signing. Requests your deposit

  • Receives mortgage offer and deals with all the conditions on your behalf

  • Receives search results and deals with any problems revealed

STAGE II - Exchange of Contracts

Seller's Conveyancer

  • Receives the deposit as a down payment

  • Organises final accounts and prepares a final settlement for your approval. Collects in any balance of funds required

  • Approves the deed of transfer and arranges for you to sign it

Buyer's Conveyancer

  • Hands over the deposit to the seller's conveyancers

  • Prepares a final completion statement for your approval. Collects in any balance of funds required

  • Prepares the deed of transfer and mortgage deed and arranges for you to sign them

  • Organises final searches to check for debts and bankruptcy

STAGE III - Completion

Seller's Conveyancer

  • Pays off the mortgage and notifies HM Land Registry

  • Hands over the deeds and sends balance of money to you

Buyer's Conveyancer

  • Receives and arranges for payment of any stamp duty to the Inland Revenue

  • Prepares and sends off application to HM Land Registry to register your ownership

 

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The Financial Services Authority does not regulate conveyancing activities.
 
 
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