Buying your property
WE WILL: YOU SHOULD: Send you a questionnaire.
Ask you for money on account.
Write to the seller’s solicitors and the estate
Apply for initial instructions.
Not cancel any existing tenancy arrangements
Fill in the questionnaire and return it as soon as
Let us have a cheque as soon as possible so we
can apply for the Local Search.
Apply for your mortgage. Our associated
independent financial service section can
organise this for you.
Apply for life insurance (if any).
Arrange your survey (houses are usually “sold as
WE WILL: YOU SHOULD: Check the title documents and Local Search
on their receipt.
Raise any additional enquiries.
Check you mortgage offer.
Report to you with the contract for signing.
Ask you for the deposit funds which must
be cleared funds.
Check your survey report and let us know of any
Chase up your lender if the mortgage offer is
Return the signed contact and provide the
deposit promptly (cleared funds).
Read our report carefully and ask any questions
now (it will be too late once contracts are
Lenders have recently instituted new rules for solicitors acting for both lender and borrower, which have increased the requirements on acting for the lender and will result in additional legal work. WE WILL: YOU SHOULD: Comply with identity checks.
Check the valuation against the deeds.
Check the seller has owned the property for
more than 6 months.
Do additional searches if required.
Arrange indemnity policies if required.
Check the lease complies with the lender’s
requirements (very strict).
Do a search on the management company.
Agree retentions for roads/sewers.
Check insurance in detail (unless you are
insuring through the lender).
Check details of occupiers.
Make full disclosure to the lender of all relevant
Authorise us to pass on to your lender any
additional points that arise (otherwise we may
have to cease to act for you).
Send us a copy of the valuation.
Be patient while we clear any matters with the
lender – even if you are happy – we may need
specific authorisation before we can proceed.
WE WILL: YOU SHOULD: Agree a completion date with all parties
Let us know if any dates are impossible for your
move (but try and be flexible if there is a chain).
WE WILL: YOU SHOULD: Prepare the transfer documents.
Ask you for any additional funds.
Apply for your mortgage advance.
Make our final searches and requisitions.
Book your removal van (do not do this before
Notify the council and water/drainage authorities.
Arrange for connection of services.
Let us have funds in good time (funds must be
Once they keys are released you can move into
your new home (usually around midday).
- Post Completion
WE WILL: YOU SHOULD: Check the Title Deeds on receipt.
Register your Title (and mortgage) at the
Send you a copy of the Title.
Send your deeds to your lender for
safekeeping. If there is no mortgage then
we can either send the deeds to you or
store them at this office, as required.
Settle into your new home
Let us know of any problems
Deal with any undertakings to your lender within
the timescale given
- It’s worth noting that…
Once you have exchanged contracts you are committed to proceed and cannot cancel without
losing your deposit and further serious legal consequences.