Conveyancing Flowchart Solicitors in Weybridge, Surrey

Stage	Buyer	Buyers solicitor	Seller	Sellers solicitors
Pre-contract
1	Makes an offer		Accepts the offer
2		Receives Memorandum of sale from estate agent		Receives Memorandum of sale from estate agent
3				Obtains title deeds and sends package with sales contract and title documentation.
4	Commissions survey of property	Investigates title and requests local authority search
5	Ensures finances are in place
6	Sign sales contract	Amends & agree sales contract	Sign sales contract	Amend & agree sales contract
7	Sends deposit to solicitor	Collects and retains deposit
8	Agrees completion date	Agrees completion date	Agrees completion date	Agrees completion date
Exchange of Contract
9		Exchange of contract over phone, sends contract & deposit monies		Exchange of contract over phone, sends contract
Pre-completion
10		Prepares draft transfer		Approves draft transfer
11		Raises requisitions on title (enquiries)
12				Calculates amount payable by the buyer
13	Signs the transfer	Request mortgage advance for completion	Signs the transfer	Obtains redemption figure from lender
14		Sends financial statement to buyer		Sends financial statement to seller
15	Sends solicitor balance of funds	Receives mortgage advance and balance from buyer
16		Pre-completion searches
Completion
17	Collect keys from estate agent	Sends funds to solicitors	Hand over keys to estate agent	Receives required funds
18		Pays stamp duty land tax		Redeems existing mortgage
19				Pays estate agents fees
20		Registers purchase at Land Registry		Sends balance of sale proceeds to the seller
21		Forwards title deeds to mortgagee or buyer