Outline of a typical transaction

The seller agrees sale of house with a buyer. The seller’s solicitor will prepare a contract pack which is submitted to the buyer’s solicitors/Licensed Conveyancers. The buyer’s solicitors/Licensed Conveyancers will submit searches and examine the contract pack and raise pre-contract enquiries.
When the buyer’s solicitors are satisfied they will arrange for buyer to sign the contract and arrange a completion date. On completion date – the house is paid for and the buyer obtains the keys.
At this point the seller’s solicitors will arrange to discharge any mortgages registered against the property and account to the seller for net sale proceeds.
The buyer’s solicitors will then arrange to register the property in the buyer’s names at the land registry .