Conveyancing is the legal process of transferring property ownership from one party to another. Whether you are buying, selling or remortgaging a property, several important stages must be completed before the transaction can proceed to completion.
At Millennium Legal, we help connect clients with carefully selected SRA-regulated law firms from our trusted panel. We also help coordinate communication throughout the transaction to support a smooth and efficient process.
1. Getting Started
Once your offer has been accepted, we gather details about your transaction and introduce you to a suitable law firm from our panel based on your requirements.
The selected firm will provide details of their legal services, costs and next steps before work begins.
Key Tip: Prepare essential documents early to avoid delays.
2. Initial Checks & Documentation
Your chosen law firm will carry out the necessary identification and compliance checks before opening your file.
Depending on the transaction, they may also request information relating to the property, mortgage arrangements and any supporting documentation required to progress the matter.
Note: This is the foundation of the transaction, so accuracy is critical.
3. Legal Review & Searches
The instructed law firm will review the legal documentation relating to the property and, where applicable, carry out the necessary searches and enquiries.
These checks help identify any matters that could affect the property or transaction.
Did You Know? These searches protect you from unforeseen complications post-purchase.
4. Mortgage & Enquiries
If a mortgage is involved, the law firm will work alongside your lender and review the mortgage offer once issued.
Any additional enquiries raised during the transaction will be addressed before moving towards exchange of contracts.
Pro Tip: Double-check all details to avoid surprises after exchange.
5. Exchange of Contracts
Once all parties are satisfied and all requirements have been met, contracts can be exchanged.
At this stage, the transaction becomes legally binding and a completion date is agreed.
6. Completion
On completion day, ownership of the property is transferred and the transaction is finalised.
The instructed law firm will oversee the legal completion process and any post-completion requirements.
Reminder: Keep copies of all documents for future reference.
Supporting You Throughout The Process
Millennium Legal works alongside a nationwide panel of trusted and regulated law firms across England and Wales.
Our role is to help connect clients with a suitable legal provider, secure competitive rates through our panel network and buying power, and support communication throughout the transaction journey.
Regulatory Information
FAQs
Q: How long does the process take?
A: Typically 8–12 weeks, depending on complexity.
Q: What are disbursements?
A: These are third-party costs like search fees and Land Registry charges.
Q: Can I withdraw after exchanging contracts?
A: No, withdrawal incurs significant penalties.
Common Pitfalls and Solutions
- Delays in Mortgage Approvals: Begin applications early.
- Unresolved Enquiries: Address buyer queries promptly.
- Chain Breakdowns: Have contingency plans in place.
Our experienced team helps identify and resolve issues swiftly.
Contact Us
Need help with conveyancing? Reach out to our friendly team for a no-obligation consultation. We’re here to guide you through every step with confidence and ease.
