Compare quotes from conveyancing solicitors servicing Kings heath

AgentQuote.co.uk helps you compare Kings heath conveyancing quotes from property solicitors servicing the Kings heath area. We hope you find the service helpful. We search for quotes from Kings heath solicitors and conveyancers servicing the Kings heath area.

What happens during the ‘Exchange of Contracts’ ?

Exchange of contracts (EoC) is the point of the legal process where a binding obligation on both parties is created - for the Seller to sell and the Buyer to buy the property.

At any time up until the EoC point, either party could withdraw from the process without any penalty other than monies they have spent on surveys, mortgage application fees and similar costs....

At EoC  stage a completion date is normally mutually agreed when the transfer can and will be finalised.

On the day of completion the monies are transferred between the parties and, the keys to the purchased property are handed over to the buyer.

How you can help speed up the conveyancing process

Although many factors will be out of your control, you could consider the following:

1. Inform your estate agent that you have appointed somebody to act for you as soon as possible and pass the agent those contact details.
   
2. Get confirmation that the other party has instructed a solicitor through your estate agent.
   
3. Pay over any search fees and similar monies requested by the conveyancer as soon as you can.
   
4. Provide your mortgage account number to the conveyancer as soon as you can.
   
5. Return any acceptance forms or similar to your lender as soon as possible. 
   
6. Inform all parties if you are think that you may be difficult to contact at any time during the completion stages (holiday etc).