Purchase Guide
When we act for you on a purchase we:
Initial Steps and Our Investigations
- Receive a draft Contract and supporting documentation from the Seller’s Lawyer and send you a preliminary report
- Raise additional enquiries with the Seller’s Lawyer
- Carry out all necessary searches
- Receive a copy of your survey report and let you have our comments
- Receive a copy of your mortgage offer from your Lender and advise you
Signing the Contract
- Send you a full report with the Contract for signing when all of the above matters have been dealt with to our and your satisfaction
Exchange of Contracts
- Proceed to exchange of Contracts and agree a completion date
- Exchange of Contracts will commit the parties (make the transaction legally binding) to the Contract to complete the transaction on the completion date
Preparing for Completion
- Prepare the Transfer Deed and forward it to the Seller’s Lawyer
- Carry out final searches
- Request the mortgage funds from your Lender
- Prepare our financial statement and request funds for completion
Completion
The completion date is the date that you will be able to move into the property.
The above should only be taken as a brief guide to the conveyancing process for the purchase of a freehold property.