Conveyance

CONVEYANCE PROCESS

The conveyance process can be an arduous activity, at Adonis we are ready to give you the full support you need and we will liaise with all the concerning parties. Helping to give you an understanding of the stages, below are the main steps.

Once a property match has been made and both buyer and seller are happy with the offer, we will then liaise with the chosen solicitors and forward them the ‘Memorandum of Sale’. Solicitors confirm the instruction and gather further information, provides PIF (property information form)

OFFER

DRAFT CONTRACT

The seller’s solicitor obtains title deeds and other official copies and prepares the draft contract. This is then sent to the buyer’s solicitor which is thoroughly checked along with all other relevant documentation.

The buyer’s solicitor send out local search to the authority and other specialist searches if required. They will also send out further inquiries to clarify the PIF if needed, and the seller’s solicitor will reply in accordance. The buyer’s solicitor will then receive the results of the searches and inquiries along with the mortgage offer and all other relevant documentation.

Local searches and Inquiries

Contracts Signed

The contract is now signed by both the seller and the buyer. Further discussions are made by both parties on the completion dates. If there is a chain, then this process may take a longer period of time. The buyer’s solicitor obtains the deposit from the buyer and building insurance is arranged.

The seller’s solicitor sends the evidence of title to the buyer’s solicitor, they check mortgage redemption letter and approves draft transfer sent by the buyer’s solicitor. The buyer’s solicitor receives and checks the evidence of title, they check the buyer’s mortgage money is available, sends draft transfer and the buyer signs final documents. The seller’s solicitor obtains the title deed and will send it upon completion. This stage the contract is now legally binding and completion date is set.

Exchange of contracts

Completion

The buyer’s solicitor hands over the purchase money to the seller’s solicitor and collect all relevant documents including the Title deed. The seller’s solicitor hands over the key to the buyer or instruct us to hand them over, they then do a final settlement of remaining mortgages and other financial amounts. Finally the buyer’s solicitor pays the stamp duty land tax, they register the transfer in the buyer’s name and then sends across the relevant documents including the title deed to the buyer or their lender.

Once a property match has been made and both buyer and seller are happy with the offer, we will then liaise with the chosen solicitors and forward them the ‘Memorandum of Sale’. Solicitors confirm the instruction and gather further information, provides PIF (property information form)

OFFER

DRAFT CONTRACT

The seller’s solicitor obtains title deeds and other official copies and prepares the draft contract. This is then sent to the buyer’s solicitor which is thoroughly checked along with all other relevant documentation.

The buyer’s solicitor send out local search to the authority and other specialist searches if required. They will also send out further inquiries to clarify the PIF if needed, and the seller’s solicitor will reply in accordance. The buyer’s solicitor will then receive the results of the searches and inquiries along with the mortgage offer and all other relevant documentation.

Local searches and Inquiries

Contracts Signed

The contract is now signed by both the seller and the buyer. Further discussions are made by both parties on the completion dates. If there is a chain, then this process may take a longer period of time. The buyer’s solicitor obtains the deposit from the buyer and building insurance is arranged.

The seller’s solicitor sends the evidence of title to the buyer’s solicitor, they check mortgage redemption letter and approves draft transfer sent by the buyer’s solicitor. The buyer’s solicitor receives and checks the evidence of title, they check the buyer’s mortgage money is available, sends draft transfer and the buyer signs final documents. The seller’s solicitor obtains the title deed and will send it upon completion. This stage the contract is now legally binding and completion date is set.

Exchange of contracts

Completion

The buyer’s solicitor hands over the purchase money to the seller’s solicitor and collect all relevant documents including the Title deed. The seller’s solicitor hands over the key to the buyer or instruct us to hand them over, they then do a final settlement of remaining mortgages and other financial amounts. Finally the buyer’s solicitor pays the stamp duty land tax, they register the transfer in the buyer’s name and then sends across the relevant documents including the title deed to the buyer or their lender.