Moving Home - What Hsppens :: mfg Solicitors Kidderminster, West Midlands

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What happens in a conveyancing transaction?

There are three main stages and we shall briefly look at each. They are:

Stage One:

The work carried out after agreement in principle is reached, but before the seller and buyer are bound by contract to proceed with the matter.

Stage Two:

The stage between "exchange of contracts" (when the parties become contractually committed) and "completion" (the day on which money changes hands in return for the keys and transfer of ownership, i.e. the day on which you are entitled to move in).

Stage Three:

The conclusion of the formal side of the transaction, when any stamp duty land tax returns are filed and any tax paid. Here at mfg we do these things electronically to ensure that all formalities are dealt with efficiently and on time.

We then make application to HM Land Registry for registration of title and with e-conveyancing just around the corner, we can assure clients that mfg will be at the forefront of this important area. We have already been involved with the Land Registry in various pilot projects.

	Conveyancing - what is it?
	What happens in a conveyancing transaction?
	Pre-contract
	Between contract and completion
	After completion
	Glossary of terms used