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Solicitors / Conveyance/ Hips

Since we are so focused on providing the absolute best customer service to our customers we try and take as much of the hassle out as possible.

The legal process that we refer to as Conveyancing is where the ownership of a house, flat etc is transfered from the seller to the buyer.

Both the buyer and the seller should be represented by a Solicitor or licenced conveyancer as the process can be complicated.

The solicitors work on your behalf to ensure that everything is done legally. They will exchange the contracts they have drawn up and decide a date when the sale should be ompleted. The reason for setting a date is so that you know the exact point when the house legally belongs to you and you are able to decide when to move in.

The deposit amount is normally works out as 10% of the price of the house. The rest of the money is paid when the contracts are exchanged. The final stage of a sale is when the Ladn Registry has actually changed the name of the person who owns the house. In order to do this the contracts must be signed, exchanged and the transfer document sent to the Land Registry along with any mortgage. Once the Land Registry has these they can officially change the title on house.

Louth, Lincolnshire Office
7 Cornmarket
Louth
Lincolnshire
LN11 9PY
Tel: 01507 604712
info@compass-homes.co.uk
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