- Details
- Written by Shabari
- Category: Buyers Guide
Completion occurs when the residual monies, around 90%, are transferred from your solicitor to the seller’s solicitor’s account. Once this has cleared into the seller’s account we will release the keys and you will become the legal owner of your new home.
- Details
- Written by Shabari
- Category: Buyers Guide
The contracts are exchanged when all enquiries have been confirmed and agreed. When the contract has been signed by all parties involved the deposit will be transferred or paid in the form of a bankers draft between the solicitors. The completion date will then be agreed by mutual consent.
- Details
- Written by Shabari
- Category: Buyers Guide
The solicitors will carry out the following steps as part of the conveyancing process:
- Bring forward any enquiries on receipt of the draft contract from the seller’s solicitor
- Request local searches
- Agree on a date for the exchange of contracts
We will be working alongside the solicitors during the process and will keep you informed with each step.
- Details
- Written by Shabari
- Category: Buyers Guide
The property will have a survey booked by a surveyor on behalf of the mortgage lender to advise on the property’s value in the event of any problems. After the valuation report is received you and the solicitors will be supplied with a formal mortgage offer that will need signing before being returned. There are no legal obligations until contracts have been signed.
- Details
- Written by Shabari
- Category: Buyers Guide
Upon acceptance of your offer we will follow up with these steps:
- Write to all parties to confirm the agreed price
- Prepare the memorandum of the sale
- Ask you to provide your mortgage brokers details.
The solicitors will now be instructed to proceed with the conveyancing process and the mortgage broker will proceed with your application.