Conveyancing is the legal process which transfers ownership of a property from the seller to the buyer.

In most cases, whether you are a buyer or a seller, you will want to hire a solicitor or a licensed conveyancer to handle what can be quite a complicated process.

Solicitors in England and Wales are governed by the Law Society, so always choose a firm which is a member of this body. The Law Society website has several guidance notes as well as the procedure for complaining if things go wrong.

Exchange of contracts and the deposit

At this point, all the solicitors in the chain will exchange the contracts they have drawn up for each property and then a date is fixed for the completion of the sale. This is the date that the property is legally yours and you can move in.

On the exchange of contracts, normally a deposit 10 per cent of the purchase price will be paid in advance. If you subsequently fail to complete the purchase you will lose this deposit.

Arranging the move

As soon as the completion date is reached you are free to make arrangements for moving into your new property.

You will normally need to hire the services of a removal company on moving day. Their terms of service can vary greatly so be sure to read the small print on the contract with them. Recommendation is the best way to find a removal company, but failing that the British Association of Removers have reputable firms as their members.