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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.
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