Buying or selling a home is a complex business, both legally and
administratively. The exact order of events varies slightly, but
there are three main stages to the process.
Following an offer and acceptance Conveyancing can be split into
distinct stages. The three main stages are outlined at the most
basic level below...
Stage One: Before the Exchange of Contracts
The draft contract is received and negotiated, enquiries are
made and the formal mortgage offer is received.
Stage Two: Exchange of Contracts
The contract is signed and you hand over a deposit. Final
accounts are prepared and the mortgage deed requested for you to
sign. Final searches are made.
Stage Three: Completion
You obtain the keys to your new home and receive the title
deeds. Stamp duty is paid and the transfer is arranged at the
Land Registry..
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