First contact

The moment we receive your instructions to act we will write to you introduce you to our firm, the solicitor personally dealing with your purchase and to confirm our costs and the likely disbursements.

We will also request from you a variety of details and documents including some personal identification, details of how you are planning pay for the property, to find out if you require a mortgage and whether you have any special requirements (i.e. a preferred moving date). We will also make contact with seller's solicitor to request the draft contract documentation .

Approving the title

As soon as we receive the draft contract documentation from the seller's solicitor we will approve the title on your behalf and on behalf of any lender.

This process will involve our dedicated solicitor considering the documentation supplied by the seller's solicitor, approving the contract and raising any additional enquiries necessary to approve the title. We will also carry out some searches against the property including, for example, Local Authority, Drainage, and Environmental searches.

Once we have approved the title (and by this we mean being in receipt of satisfactory replies to our additional enquiries, the results of the searches and any mortgage offer) we would be in a position to report to you in readiness for exchange of contracts .

Preparing for Exchange

Having approved the title we will look to report to you in anticipation of exchange of contracts . We will report to you in detail regarding the title to the property, the terms of the contract , the information supplied by the seller and their solicitor, the results of our searches and on any mortgage offer. If, after us having reported to you, you are happy to proceed we will ask you to sign the contract and provide us with the deposit money (usually 10% of the purchase price).

When you have signed the contract and given to us a satisfactory deposit and have agreed a completion date with the seller we will proceed to exchanging contracts with the seller's solicitor.

Once contracts are exchanged you will be legally bound to complete your purchase on the agreed completion date and which basically means that any balance purchase monies will be transferred to the account of the seller's solicitor on the day of completion for you to obtain possession of the property on that day.

Technically you will become the legal owner of the property from the date of exchange but you would obtain the keys and gain possession of the property on the day of completion providing that the seller's solicitor receives the balance purchase monies on that day.

Completion

As soon as the seller's solicitor receives the balance purchase monies they will telephone us to confirm completion and they will either telephone the seller or their estate agent to authorise for the keys to be released to you.

Following completion we will proceed with notifying the Inland Revenue of the transaction and paying any Stamp Duty Land Tax. Thereafter, we will register your ownership at the Land Registry.

Once registration has been completed the Land Registry will issue a Title Information Document which will confirm you as the new legal owner as well as confirming the interest of any mortgage lender.

To find out more or to request a competitive fixed fee quotation for your conveyancing matter contact Ranjit Tiwana via email or telephone.

Additional Information


Re-mortage a Home
Selling a Home
Transfer of Equity / Ownership

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