Particulars of Sale
The Estate Agents will provide us with full details of the property along with the seller's full name(s) and their Solicitor's details.
Contract Documentation
The sellers Solicitor is responsible for drafting the Contract. Accompanying the Contract should also be all title deeds associated with the property along with the Fixtures Fitting and Contents Form and Sellers Property Information Form.
Searches
If you are obtaining a mortgage for your purchase, we will have to carry out various searches including: Local Authority Search, Environmental Search, Chancel Repair Check and Land registry Searches.
Preliminary Enquiries
Once we are in receipt of the Contract package we will inspect the documentation contained therein and raise any necessary enquiries.
Report on Title/Signature of Documents
Our report on title will be provided to you in detail and explained in terms you can fully understand. It will contain full information in relation to the property that will be transferred to you on completion.
Exchange of Contracts
Exchange is carried out by us with the seller's legal advisor. A full 10% of the purchase price is usually paid to the seller on exchange, as a deposit. If a full 10% is not available a lesser amount can sometimes be agreed. Once Contracts have been exchanged, both parties are LEGALLY BOUND to complete the transaction.
Financial Statement
We will provide you with a full breakdown of costs before completion, so you can arrange to provide us with any outstanding amount.
Completion
This is the 'Moving Day', on which the property will be sold and the ownership will transfer to you.
Post Completion
We will receive all the Title documentation from the sellers Solicitor and submit the Stamp Duty Land Tax Return and apply to register your ownership at Land Registry which normally takes two to three weeks to be completed. Thereafter your ownership will be recorded on Land Registry's database. |
