Outline of the Covenyancing Process

Question 1

What are the three stages to the conveyancing process?

Answer 1

1. Pre-contract to Exchange
2. Pre-completion to completion
3. Post completion

Question 2

What does the seller do pre-contract to exchange?

Answer 2

1. Deduces title
2. Answer pre-contract enquiries
3. Prepare draft contract

Question 3

What does the buyer do pre-contract to exchange?

Answer 3

1. Investigate title
2. Pre-contract searches
3. Pre-contract enquiries
4. Report on title
5. The buyer’s mortgage
6. Approve draft contract

Question 4

What does the seller do pre-completion to completion?

Answer 4

1. Draft / Approve Transfer Deed (TR1)
2. Reply to Completion Information
3. Prepare for Completion

Question 5

What does the buyer do pre-completion to completion?

Answer 5

1. Draft / Approve Transfer Deed (TR1)
2. Request Completion Information
3. Pre-Completion Searches
4. Prepare for Completion

Question 6

What does the seller do post completion?

Answer 6

1. Sends the completed TR1 and any discharged mortgage to the buyer

Question 7

What does the buyer do post completion?

Answer 7

1. SDLT/LTT
2. Companies House application to register mortgage (if buyer a company)
3. Land Registry Application