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Humfrys & Symonds
1 - Pre-Exchange - CONVEYANCING FLOWCHART
Written Instructions to act and payment on account
Property title information obtained from Land registry
(or deeds obtained if unregistered title)
Client returns Client Information Form
Client returns Client Information Form and Property
Mortgage redemption statement ordered for
information and copy sent to client on receipt
Contract pack received from seller's conveyancers
Contract pack prepared and sent to Buyer's conveyancers
Copy documents may be sent to client for information
Additional enquiries dealt with and replied to
Additional enquiries raised of Seller's conveyancers
Mortgage offer received, any issues reported
to the lender
Final report to client prepared and sent, if not sent
already. Contract and documents signed in readiness.
Client pays and deposit required
Contract and transfer deed sent to client
for signature in readiness
2 - Exchange - CONVEYANCING FLOWCHART
Contracts are 'exchanged' by the conveyancers in the chain and all parties are then legally bound and the completion date is fixed
Completion date negotiated. Chain ready to exchange?
Agents account and final mortgage
redemption statement obtained
Mortgage advance ordered.
Completion accounts prepared (if not already done).
Client pays balance needed to complete
Completion accounts prepared
(if not already done)
Mortgage monies and client balance
received in time for completion
3 - Completion - CONVEYANCING FLOWCHART
Everyone 'moves' and legal title to the property changes hands
Completion monies sent to the Seller's conveyancers.
Completion monies received and keys released.
Transfer deed sent to Buyer's solicitors.
Balance due provided to clients
Transfer deed received and sent to Land Registry
4 - Post-Completion - CONVEYANCING FLOWCHART
Registration completed by Land Registry
and copy title deed sent to client and lender.
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