Cheap Conveyancing

To many observers, reciept of the contract is seen as the official start of the cheap conveyancing process, but for this to happen you generally need to have appointed a solicitor. The contract is a legal document that sets out the terms of the sale process. It is drawn up by the seller's conveyancer using information from the deeds of the property. The contract will contain details of the property and items that are to be included in the sale, the buyers and sellers, how much it will be sold for, and the date on which the transaction will take place. However, it is not a standard contract and is likely to change or clarify in detail quite considerably over the course of the coming weeks, as a result of contract tennis between the two conveyancers involved.

The contract has two parts: Particulars of Sale and Conditions of Sale. The Particulars describe the property and details of the lease or freehold. The Conditions have information about the proposed completion date and any deposit required when contracts are exchanged.

Receipt or Draft of contract

Preliminary Enquiry

Property Information Form

Land Charge and Registry Search

Local Search

Draft contract approval

Formal mortgage offer

Arrange for completion