What to Expect From Your Conveyancing Solicitor From Offer to Completion
*This is a collaborative guest post
Buying or selling a home is a big step, and the legal process can sometimes feel overwhelming. Having a solicitor guide you through from the moment your offer is accepted until the keys are handed over makes a huge difference.
Understanding what happens at each stage helps you stay informed and confident, so keep reading to know exactly what you can expect.
Early Steps After Your Offer Is Accepted
Once your offer is accepted, your solicitor begins by reviewing the memorandum of sale, which records the basic details of the transaction. They’ll then contact the other party’s solicitor and request all the legal documents relating to the property.
During this time, you’ll also be asked for ID checks and initial paperwork so the process can get underway quickly. This early groundwork ensures everything is set up correctly from the start.
Legal Checks and Searches
At this stage, conveyancing solicitors carry out detailed checks on the property. These include searches with local authorities, water and drainage companies, and environmental records. The aim is to uncover anything that might affect the property, like planning restrictions, flood risks, or rights of way.
If any issues arise, your solicitor will explain them clearly and advise on whether further action is needed. These checks protect you from unpleasant surprises later on.
Reviewing Contracts and Mortgage Details
While the searches are being processed, your solicitor will review the draft contract sent by the seller’s solicitor. They’ll check the property’s title, the terms of the contract, and any additional documents, such as planning permissions or guarantees.
If you’re buying with a mortgage, they’ll also liaise with your lender to confirm the loan details and ensure the conditions are met. This stage is about making sure the contract protects your interests before you commit.
Exchange of Contracts
When both parties are happy with the terms and all the checks are complete, the solicitors agree on a date to exchange contracts. Once this happens, the agreement is legally binding, and pulling out would mean serious financial consequences.
Your solicitor will also request your deposit, usually 10% of the purchase price, which is transferred on exchange. From here, you can start making practical arrangements for moving day, knowing the sale is secure.
Preparing for Completion
Between exchange and completion, your solicitor finalises the remaining details. They’ll request the mortgage funds from your lender and prepare a financial statement that shows the money required to complete the purchase.
They’ll also arrange for the balance of the purchase price to be transferred on completion day. This stage ensures all the financial and legal details are in place so the transaction runs smoothly.
Completion and Beyond
On completion day, your solicitor transfers the purchase funds to the seller’s solicitor, and once this is confirmed, you can collect your keys. After completion, your solicitor still has a few final tasks.
They’ll pay any Stamp Duty Land Tax that’s due and register you as the new owner with the Land Registry. Only once this is complete is the legal process fully finished. You’ll then receive the title deeds or confirmation documents as proof of ownership.
Wrapping Everything Up
Working with a solicitor from offer to completion means you’re supported through every stage of the process. They handle the checks, contracts, and legal requirements, while keeping you updated and informed.
By knowing what to expect, you can approach the process with confidence and focus on planning your move. With the right guidance, completing a property transaction becomes less stressful and far more manageable.
