Our experienced team members have dealt with many purchases and sales on behalf of people looking to buy and sell property in the UK. Our team members can speak and write fluently in English, Mandarin, Cantonese, Hakka and Malay.  

When You Are Buying Freehold or Leasehold Property in the UK

Our Key Stage for the Conveyancing:

Stage 1 - Taking Instruction and Due Diligence 

• We will take formal instruction from you and undertake due diligence as to the source of funds being used to buy the property.

• You need to inform us if you are a cash buyer, or you require a mortgage.

 

• Stage 2 - Contract Pack

• When you purchase a freehold property, we will receive a ‘contract pack’ from the seller’s solicitors. This contract pack includes the draft contract, title documents for the property, property questionnaires filled out by the Seller and other important documents relevant to the sale.

• When you purchase a leasehold, we will also receive a contract pack from the seller’s solicitors. The Contract Pack includes the same as above and in addition with more documents such as service charge payments, building's insurance, ground rent.

Stage 2 - Raising Enquiries 

• We will raise enquiries upon receiving the contract pack and residential searches report to the seller’s solicitors. We will send a copy of the contract pack and the residential searches report to you for your reference.

• When we receive a response from the sellers we will discuss with you any issues raised that need further action.

Stage 3 - Property Report

• We will provide a Report on Title to you when we are satisfied all the enquiries from the seller’s solicitor and to decide whether you still want to proceed with the purchase.

• We will ask you to come to our office to sign the documentation and to discuss dates for exchange and completion. 

Stage 4 - Exchange of Contracts

• Exchange contract is the where the buyer and seller's solicitors confirm their respective client's willingness to enter into a binding legal agreement and exchange their client’s signed contracts with each other. 

• At exchange of contract, the buyer and seller agree on a date to complete.

• For exchange contract, a 10% deposit is usually required from the buyer to us.

 

• Stage 5 - Completion 

• For Completion, you need to send us your completion funds and if this transaction includes a mortgage we will arrange for the mortgage funds to be transferred to us.  

• On the agreed date of completion, we will transfer the purchase price to the seller solicitors. Once the seller's solicitor confirms receipt of all the funds, they will in inform us that the keys are now released, and we will contact you to collect the key from the estate agent.  

 

• Stage 6 - post-completion 

• We will pay Stamp Duty on your behalf to the HM Revenue and Customs.

• We will register the property purchase with the HM Land Registry that you are the new owner of the property (i.e title deeds).

 

If you have any questions or concerns about the process of buying property, please contact us to speak to one of our team members.