Expert Property & Conveyancing Solicitors

Call Us Now for a Quote 020 7186 1600

 

  • High Client Satisfaction Rating
  • Transparent & Fixed Fees
  • Fast and Efficient Service
  • Accredited Property Experts

We Are Experts In:

  • Sales & Purchases
  • Remortgages
  • Auctions
  • Transfers of Equity
  • Equity Release
  • Right To Buy
  • Lease Extension (Enfranchisement)
  • Repossessions
  • Investment Property

Conveyancing Process

Buying or selling a property can seem a complicated and lengthy process.  To help you understand it we set out the three main stages of the transaction.

Pre-Exchange

Investigation of the property you are buying is essential, so you know exactly what it is you are buying and to make sure the seller can legally sell.  This "pre-contract investigation" includes:

an investigation of the legal title (to ensure the seller can legally sell).

the seller provides information by filling in a property information form and fittings and contents schedules. The information includes:

what items are included in the sale price

whether there are any neighbour disputes or not

whether there are there any plans for development nearby

enquiries of the local authority and various utility companies

survey and finance (you arrange these through your financial adviser). We will provide a topline report on any mortgage offer.


When this investigation has been completed, you are in a much better position to decide whether you still want to purchase.  If you do, you must sign the contract and pay the deposit. You are then obliged to buy or to sell (as the case may be).

Exchange

On exchange the obligation to buy and sell arises. This obligation must be performed on the completion date. The contract drafted by your solicitor is signed by you and the other party, the deposit is paid and the completion date is fixed. The deposit is traditionally 10% of the purchase price.

Completion

The completion date is the date the parties move house.

The time for completion is usually between 12.30 pm and 2 pm (depending on the banks)

On completion the solicitor pays the stamp duty and then deals with the change of ownership procedures.

Consequence of failure to complete.

If you fail to complete on time, the seller is entitled to charge interest until actual completion or may be entitled to terminate the contract.

If the seller does terminate the contract, he or she often keep the deposit.  If you have only paid 5% you will be obliged to pay the additional 5%.

The seller can also claim compensation for other losses e.g. re-selling at a lower price

If you would like further clarification or further assistance, call our experienced property solicitors for free and without obligation.

 

So that we know you're not a robot, please type the word below.

 

So that we know you're not a robot, please type the word below.

Conveyancing Quality Award

Client Testimonials:

 

"A good, dedicated service for an affordable price."

"First class service. Always answered calls & e-mails promptly and worked hard to tie in both sales & purchase transactions in our timeframe."

"I thought the service was excellent, the documentation very clear and the team were extremely helpful. I would certainly recommend Matrix Legal to friends and will use them again."

"Efficient, helpful and made this part of the buying process stress free. Would definitely recommend."

"Excellent service. Quick response."

"The team were always very helpful when I had a query."

"Excellent service by Tariq and team. Reachable and very understanding law firm would recommend to any of home buyers."

"Very responsive and helpful. Happy to talk on the phone which is nice given how many solicitors only like to speak via email!"

"As a small organisation we had no spare funds to pay for the advice we needed to set up a charitable company. The help we had from Matrix was invaluable."

"We used Matrix to buy our house 2 years ago. The modern IT systems and general level of service were excellent."