Mortgage Advisor


When you move house, you will reach a point where the conveyancing will take place. Conveyancing can be confusing in what it is and how it works if you do not know much about it. Usually this won’t matter too much as your solicitor will take care of this side of things, however it doesn’t hurt to be aware of what is going on.

In basic terms, conveyancing is the transfer of the legal title of a house from one person to another. This will consist of the exchange of contracts and the completion. The process is carried out using a number of steps, which must be adhered to. They are as follows:

Draft contract and paperwork – this will take place once your offer has been accepted. The solicitor of the seller will draft the contract, which will outline the conditions of the sale and the terms.

Introductory enquiries – the buyer’s solicitor will have, by this point, checked the initial paperwork and contract. It will then be their job to make checks regarding the property.

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.  THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. View Finance Ltd is an Appointed Representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority under number 624517 in respect of mortgage, insurance and consumer credit mediation activities only. The Financial Conduct Authority does not regulate some form of mortgages and loans, including most types of Buy to let mortgages and also Limited Company lending. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Registered office address: 42 Friar Gate, Derby, DE1 1DA. Registered in England and Wales, company number 11265177.

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