In the UK a large amount of property sales fail to reach completion. This can, in most cases, be avoided by all involved parties communicating properly, and keeping on top of the sale and chain. This ensures that everyone stays informed at all times and if a problem arises they are able to act quickly to find a resolve.

We believe that in order to provide the best service you need to employ the best staff: we bring together professionals with a solid track record who are committed to combining a first class service with competent and sensible advice. Our customer feedback forms reiterate to us how invaluable our Sales Progression service proves to be: we are delighted to report our clients rate it very highly indeed with positive comments and excellent feedback.

Conveyancing is the legal process of transferring the ownership of a property and it is standard practice to instruct a solicitor to undertake this for you. We recommend you instruct a solicitor at an early stage as possible in order to save time later. They will be able to obtain your deeds in advance and begin preparing some of the necessary paperwork and documentation.

Choosing the right solicitors or conveyancers to deal with the legalities of your move is one for the most important parts of the process. Prospect have partnered with movewithus to provide a comprehensive, affordable, conveyancing package with fixed legal fees, a no sale no fee promise and with over 70 specialist regional solicitors specialising in property conveyancing.

movewithus conveyancing offer a web based tracking system which provides instant information to home movers on the progress of their move. When customers log in, they are taken to a secure web area which shows the progress of their transaction.

As soon as a stage of your move is completed, they will automatically update your private page on our website and an email will be sent to notify you each time a transaction has been updated.

When buying and selling a property, managing the associated expenses closely is the key. That’s why we’ve introduced our highly competitive fixed price fee. From day one you will be given a fully inclusive guaranteed figure for conveyancing, regardless of any subsequent complications and you will be provided with the final figure from your initial quote.

 

1. Getting started
Initially the solicitor will provide you with a formal instruction form and other documents which will enable them to gather all of the relevant details about you and your house. Once you confirm your interest in working with the solicitor, they will proceed with the transaction.

2. Sale of your property
Once your sale has been agreed, you should inform us of your conveyancing solicitor’s details so that we can send them the relevant paperwork.

3. Purchase of your property
The solicitor can also carry out all of the legal work involved in the purchase of your property. Initially, all you need to do is provide us and your mortgage broker with the solicitor’s details. Your selling agent's solicitor/conveyancer will then be able to contact your solicitor to confirm instructions.

4. Searches on your purchase
Once your newly appointed solicitor has received the contract documentation from your sellers’ solicitor, they will be able to progress the necessary searches of the Local Authority, Water Authority and Environmental Agency.

5. Mortgage details
Your lender will send you and your solicitor the mortgage offer. The solicitor 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.

6. Exchange of contracts
Exchange of contracts takes place between the two parties’ solicitors, usually by telephone. Following exchange, your signed contact is forwarded to the other party’s solicitor/conveyancer and they in turn 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 confirmed 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 (if applicable).

On the day of legal completion your solicitor will:

 Arrange legal paperwork
 Discharge your mortgage and/or draw-down funds for your new mortgage
 Pay your fees as per the Terms of Agency Agreement you have signed
 Arrange the legal documentation to be signed for the transfer of the property at H M Land Registry and register your ownership
 Arrange your Stamp Duty payment, payable to the Inland Revenue.

Prior to legal completion, your solicitor will require any monies due to them to be cleared funds in time for legal completion. They will deduct their fees, disbursement costs and stamp duty from the balance at legal completion. Finally, you will liaise with your agent for the release of the keys to the property.

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Prospect Estate Agency
Prospect, Berkshire's most progressive Estate Agency, selling & letting homes in Reading, Wokingham, Bracknell, Crowthorne, Warfield, Winnersh, Sandhurst and surrounding areas.