1. The buyer (you) makes an offer on the property. If that offer is accepted, you (or your mortgage lender) can arrange a survey and then instruct your conveyancer.
2. Your conveyancer will set out the terms of business in writing and contact the seller’s conveyancer to get the contract pack.
3. The buyer’s conveyancer will check the contract pack and raise any questions, do the necessary searches and get a copy of the mortgage offer if applicable.
4. Your conveyancer will review the contract pack, pre contract enquiries and the result of searches and mortgage offer so you can raise any further questions.
5. When you’re happy to proceed, a deposit is usually required to be paid to your conveyancer and dates can be agreed for exchange and completion.
6. Your conveyancer will prepare a transfer deed for the seller to sign, prepare a completion statement and, if applicable, apply to your mortgage lender for the release of funds.
7. Once you have completed, your conveyancer will sort out the monies due to the seller at which point the keys will be released.
8. Your conveyancer will send any stamp duty due to Her Majesty's Revenue & Customs (HMRC), get the title deeds, transfer deed and proof that the seller has paid the outstanding mortgage on the property.
9. The property will then be registered by your conveyancer with the Land Registry and they will send you the new title deeds in due course.
For more information about Saga's conveyancing service, or for a fixed fee quote, call us on 0800 051 2997 and one of our friendly advisers will be happy to help.