In normal circumstances the conveyancing transaction follows the following activity plan and time scale. However, this plan does not take into account the time necessary to obtain the agreement of your lender to provide you with a mortgage.
Seller’s Solicitor
Stage 1. Before the exchange of contracts
- Take instructions
- Obtain Deeds
- Prepare draft contract
- Deduce title & send to B’s solicitor
- Prepare property information forms
- Reply to any preliminary enquires & requisitions
- Agree contract
- Seller signs contract
Stage 2. After exchange of contracts
- Exchange contracts
- Take deposit
- Seller signs transfer
Stage 3. on ‘Moving Day’ (completion)
- Complete
- Account to seller for sale money