WHAT WORK WILL BE UNDERTAKEN?
On a sale a typical transaction will include the following steps:
- Take your instructions and give you initial advice
- Obtain title documentation
- Check amount outstanding on any mortgage(s)
- Submit draft contract papers to Buyer’s solicitors
- Deal with Buyer’s solicitor’s pre-contract enquiries
- Send final contract to you for signature
- Agree completion date
- Exchange contracts and notify you that this has happened
- Obtain and agree mortgage redemption statement
- Approve Transfer Deed and obtain your signature thereto
- Reply to Buyer’s solicitor’s requisitions on title
- Complete sale and receive purchase price
- Redeem any mortgage(s)
- Settle any estate agents’ commission on sale
- Forward deeds and executed Transfer deed to Buyer’s solicitors
- Account to you with net proceeds of sale.
On a purchase a typical transaction will include the following steps:
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase
- Receive and advise on contract and mortgage documents
- Carry out searches
- Obtain further planning documentation if required
- Make any necessary enquiries of seller's solicitor
- Give you advice and report on all documents and information received
- Go through conditions of mortgage offer
- Send final contract to you for signature
- Advise you on joint ownership
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Obtain signature to Transfer and Mortgage Deeds
- Make pre-completion searches
- Arrange for all monies needed to be received from lender and you
- Complete purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry
- Report to you and any mortgagee with finalised HMLR title.