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Gemma Beardmore

Residential Conveyancing Solicitor

01782 525026 gemma.beardmore@myerssolicitors.co.uk

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What to expect when buying a home

15th March 2024

What to expect when buying a home

When buying a home, especially for the first time, there can be a lot of anticipation around what to expect from the process. Gemma Beardmore, an Associate Solicitor in our Residential Conveyancing team, walks you through the process of purchasing a property through Myers & Co.   

 Stage 1 – Initial Steps

 Your offer to purchase has been accepted! You now need to instruct a conveyancer to act for you and guide you through each step of the conveyancing process. 

 The first step is to get a quote for the legal fees you’ll incur going through the conveyancing process. Once you have received and accepted our quote, we will open your file and allocate you a conveyancer. The conveyancer and their assistant will be your points of contact at Myers & Co as your purchase progresses. 

 Stage 2 – Prior to Exchanging Contracts

 You’ve filled in your forms, ID checks have been completed and you’ve made your payment for initial searches. Now, we’re leading up to exchanging contracts.  

 Once we have details of the seller’s solicitors, we will request the draft Contract and supporting documentation from them. This will usually include copies of all title documentation relating to the property and copies of the Property Information Form, and Fittings and Contents Form completed by the seller. The Property Information Form is completed by the seller and provides information you’d need to know about the property e.g. any neighbour disputes, structural alterations, available guarantees etc. The Fittings and Contents Form lists the fittings that are included or excluded in the price of the property. 

 Stage 3 – Exchanging Contracts

 The time has now come to exchange contracts! This is where your completion date becomes legally binding.  

 Once your funds have been received and the chain is ready to exchange, we will phone you to obtain your authority to exchange contracts. If there is more than 1 buyer, then we will need to speak to all clients involved. 

 Stage 4 – Completion

 Time to collect your keys! Completion day is where you can start moving in to your new home.  

 On the day of completion, we send the balance of the purchase monies to the seller’s solicitors. Once the seller’s solicitors have received the funds, they will confirm receipt to us and will advise what time they expect the seller to provide vacant possession of the property and handover keys. 

 Stage 5 – After Completion

 While you’re busy unpacking and deciding on your first DIY project, your conveyancers are working behind the scenes to ensure everything has been registered correctly. 

 If a landlord or a management company is involved, then we will liaise with the necessary parties and obtain any certificates that are required from them. 

 Based in Stoke-on-Trent, Staffordshire, our specialist residential property solicitors provide conveyancing services throughout Staffordshire and Cheshire.  To find out more, you can contact us on 01782 577000 or you can get in touch via Residential property.