- Details
- Written by jegan
- Category: Conveyancing Guide
Completion occurs once the residual monies are transferred from or to your solicitor depending on whether or not you’re buying or selling. The title deeds are then received and you’re ready to move in or out of the property.
- Details
- Written by jegan
- Category: Conveyancing Guide
It’s a legal requirement when buying a property with a mortgage to have buildings insurance in place from exchange of contracts. You can purchase buildings insurance as a stand-alone product or with contents insurance to protect your belongings as well as your property.
We recommend taking out buildings and contents insurance and all of our branches have experienced financial advisers who can help get this in place.
- Details
- Written by jegan
- Category: Conveyancing Guide
This is the statement which shows the remaining balance you are required to pay to complete the purchase of your new property. It includes any other expenses like stamp duty.
- Details
- Written by jegan
- Category: Conveyancing Guide
After the contract has been signed and the required deposit has been received, the contracts are exchanged by the solicitor. At this point a completion date is set by the buyer and seller agreeing a suitable day which is written on the contract. Once exchanged you have legally committed yourself to buy or sell the property.
- Details
- Written by jegan
- Category: Conveyancing Guide
This document secures the loan on the property you are buying. It is signed in the presence of a witness by the buyer or buyers in the case of a joint purchase.