When you apply for a contractor mortgage, you will need the involvement of a solicitor for various stages of the mortgage process. At The Contractor Mortgage Company, we can put you in touch with a top solicitor to deal with the legal side of things, so that you don’t have to trawl the phone book yourself.

The first stage where a solicitor will be required is for conveyancing. Conveyancing refers to all of the legal work involved with transferring ownership of a property or land from the seller to the buyer. The conveyancing takes place once an offer has been accepted by the seller and the two parties have exchanged solicitor details. The conveyancing will include local searches, and drawing up contracts and other legal documents. They will also deal with land registry for you.

The solicitor will also be required at exchange and completion stage. As the buyer, once you have received a formal contractor mortgage offer from your mortgage lender, your solicitor will agree a date to exchange contracts with the seller’s solicitor. Then on the completion date, the final paperwork can be completed and the house is yours!

We know it is not easy to find a solicitor that you can trust, and so we have done the leg work for you and have a highly professional solicitor who can deal with all of the legal requirements for your contractor mortgage. You will be in safe hands, with a solicitor who gets down to business  right from the outset to ensure that your mortgage goes through as quickly as possible, resulting in a stress free process for you.

The Conveyancing Process


  1. You make an offer on the property, and once accepted your solicitor will contact the seller’s conveyance to obtain the contract pack. You will then instruct a survey.
  2. The solicitor will carry out local authority searches and obtain a copy of your mortgage offer. You will arrange your buildings insurance.
  3. Your solicitor will investigate and review the contract pack, the local searches and the mortgage offer and prepare a report. You then read through this and highlight anything you are unsure of. You will then sign the contract and return it to the solicitor, who will arrange a completion date.
  4. Your solicitor will contact the seller’s solicitor to confirm that you are happy to proceed. You then send your solicitor the deposit.
  5. Your solicitor then exchanges the signed contracts with the seller’s solicitor and you can celebrate the purchase of your new home!

As you can see, the process is quite simple for you and the solicitor undertakes most of the work so that you don’t have to. The process usually takes anything from 4-10 weeks depending on whether there is a chain and what your position is.

Although it is possible to do conveyancing yourself, this is not advisable because unless you know all of the legal requirements inside out, you are at risk of not completing the process properly which could spring up pitfalls that could cause the purchase to fall through. Conveyancing yourself is time consuming, jargonistic, and very risk, so we would advise that for the sake of a few hundred pounds that you appoint a solicitor to do the work for you.

How much can you borrow as a contractor?

Mortgage Jargon Buster

Struggling to get to grips with mortgage related terms? Use our quick-reference guide to help you.

Request a Callback

Just getting started or need specific advice? A member of our team is on hand to provide free and expert advice.
Please note: the financial advice given on this page is provided by Mortgages Made Easy Limited and is authorised and regulated by the Financial Conduct Authority (FCA reg. 414798). Registered in England No. 4886692 Registered Office: 9 London Road, Southampton SO15 2AE.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please be aware that Buy To Let, Commercial Mortgages and Overseas Mortgages are not regulated by the Financial Conduct Authority.
This website and its content is copyright of – The Contractor Mortgage Company - © The Contractor Mortgage Company 2011. All rights reserved.

Contractor mortgages  |  Privacy Policy  |  Terms and Conditions  |  Terms of Business  |  Our Services