Help & FaqsBuying A PropertyWhat happens after my offer is accepted?
20 September 2024 • Buying A Property

What happens after my offer is accepted?

After your offer is accepted, the transaction enters the conveyancing stage. Your solicitor will conduct legal checks (local searches, title checks) on the property, ensuring there are no hidden issues like disputes, planning permissions, or charges. You’ll also need to arrange a property survey and finalize your mortgage offer. In London, it’s common for sellers to expect a swift exchange of contracts, so it’s advisable to keep communication quick between your solicitor, lender, and estate agent. After the contract is exchanged (usually within 4-6 weeks), the sale becomes legally binding, and completion is set, typically within 2-4 weeks after exchange.