Solicitors in Bristol
solicitors in bristol

The Conveyancing Process Explained

The conveyancing process may appear complex but can in fact be broken down into 3 distinct us

  1. Pre-exchange of contracts
  2. Exchange of contracts
  3. Completion

Below is a simplified outline of what happens during the whole process. If you have questions about the process please contact us.

1. Pre-exchange of contracts

2. Exchange of contracts

When both parties are happy with the details of the transaction, the signed contracts are exchanged. The buyer is now legally bound to purchase the property.

The buyers pay a deposit to their solicitors. This is us

A completion date is set whereby the property will be handed over to the buyers.

Final searches are carried out by the buyer’s solicitor.

3. Completion

Funds are transferred to the seller’s solicitor.

Sellers leave the property and hand over keys to the buyer (usually through the estate agent).

Seller’s solicitor redeems their mortgage (if they have one) and the title deeds are sent to the buyer’s solicitor.

Stamp duty is paid if applicable.

The buyer’s solicitor registers the change of title with the Land Registry.