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Property Purchase

  • Obtaining the draft Contract documentation from your seller’s Solicitors;
  • Checking that the Seller has good title to the property and approving the terms of the Contract;
  • Checking the results of the Property Searches;
  • Raising any relevant enquiries that may arise from consideration of the Title Documents and Property Searches;
  • Liaising with you, your Seller’s Solicitors and your Lender (if appropriate);
  • Reporting to you and any Lender;
  • Preparing a Completion Statement, setting out the financial transactions involved and any balance required from you;
  • When everyone is ready and a completion date has been agreed; attending on you in order to obtain your signature to the legal documentation required in readiness for Exchange of Contracts and Legal Completion;
  • Obtaining your authorisation to exchange Contracts, which is the stage when the transaction becomes binding and you are legally committed to the purchase and the completion date is fixed;

Please note, the completion date is not legally binding until Contracts have been exchanged and either party may withdraw from the transaction up until exchange has taken place.

Accordingly, if you incur any expenses, prior to exchange of Contracts, i.e. removal company costs, alternative accommodation costs etc., you do so at your risk and are unlikely to be able to recoup any wasted costs from your seller/purchaser.

  • Making the pre-completion legal arrangements and checks and preparing for the agreed completion date as specified in the Contract;
  • Requesting any mortgage funds from your Lender;
  • Completing your purchase on the agreed date;
  • Submitting the Stamp Duty Land Tax Form to the Inland Revenue and paying any duty required;
  • Submitting the application for registration of your ownership and any Legal Charge to HM Land Registry;
  • Giving any required Notice in relation to the change of ownership;
  • Providing you with the new Title Register once registration at HM Land Registry has been completed.

The length of time a conveyancing transaction takes can vary depending on a number of factors, and the circumstances of other parties involved in the chain, but an average timescale is between six to eight weeks.

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