Conveyancing

Conveyancing is the legal process of transferring the ownership of a property and most sellers and buyers appoint a property lawyer or conveyancing solicitor to do this for them.

Choosing a competent and professional Property Lawyer or conveyancing solicitor is a vital component in the legalities of the property purchasing system. At Prospect, it is in our interests to work with professional, licensed conveyancers, which is why we have teamed up with Movewithus to provide you with an unrivalled service.

Movewithus are renowned for their outstanding service and with over 70 specialist regional Solicitors, they can deal with any issue that may arise on a property sale or purchase. They are able to provide all Prospect clients with a comprehensive and affordable property Conveyancing package with fixed legal fees and a no sale no fee promise – just in case things don’t go quite to plan.

Movewithus also provide an online feature so you can keep track of your sale’s progress from wherever you are, you can log in and find out at what stage your Conveyancing process is at and how it is progressing!

The Conveyancing process

• Getting started –Your property solicitor/conveyancer will provide you with a formal instruction form and other documents for you to complete. This will provide them with all the details about your house and you that are needed for the sale/purchase. You will need to provide proof of identification and residence for each person buying and selling.
• Sale of your property –Once a sale has been agreed, you should inform your solicitor/conveyancer and Prospect will send you our sales letters and memorandum of sale to your property solicitor/conveyancer and to your buyers solicitor/conveyancer.
• Purchase of your property –Your solicitor/conveyancer will liaise with your mortgage lender and the solicitor/conveyancer who is acting to your buyer.
• Searches –Your solicitor/conveyancer will liaise with your mortgage lender and the property solicitor/conveyancer who is acting for your buyer.
• Mortgage details -Your mortgage lender will send you and your Solicitor/Conveyancer the mortgage offer. He/she is responsible for explaining the terms and conditions of your mortgage offer. The Contract documentation and Mortgage Deed will then be sent to you for approval and signature, after which you return it to your solicitor/conveyancer.
• Exchange of contracts -Exchange of contracts takes place between the two parties’ property lawyers, usually by telephone. Following exchange, your signed contact is forwarded to the other party’s solicitor/conveyancer and they will send their party’s signed contract to your solicitor. At this stage, you and your seller/buyer will be legally committed to the transaction. Usually at this stage a date will have been agreed for legal completion. Your solicitor will then complete any final searches required by your lender and prepare the completion statement requesting any additional money from you
• Completion Day - On the day of legal Completion your property solicitor will:
  
  

  Arrange legal paperwork Sort out your mortgage Pay your Estate Agents fees Register your ownership of the property at HM Land Registry You can then collect your keys from your Estate Agent

For more information about Prospect Conveyancing or to recieve an instant quote,
please call our Conveyancing team on: 0870 142 2020

Alternatively, you can request a call-back from one of our experienced team.