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Your solicitor will contact the seller's solicitor to initiate
contact negotiations. |
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| • |
Have a survey carried out and send the results to your solicitor. |
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The solicitor will now carry out a local authority search
and find out if any alterations have been made. This is the
time to negotiate on fixtures & fittings. |
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The solicitor finalises the contract details with the seller's
solicitor, and confirms mortgage details with your lender. |
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Pay a deposit to your solicitor which is held until the exchange
date. |
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The solicitor exchanges contracts with the seller's solicitor
and sends over the deposit for the property. A date for completion
is agreed. |
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The solicitor makes sure your mortgage funds are available
for the completion date. |
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The solicitor prepares the transfer deed which is signed by
you and the seller and lodged with the seller's solicitor until
the completion date. |
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The mortgage lender transfers money to your solicitors account
in time for the completion. |
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The solicitor transfers the money to the sellers solicitor
on the completion date in return for the transfer deed, land
registry certificate and house keys. The sale is complete. |
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The solicitor arranges for the transfer deed to be stamped,
pays the stamp duty and sends the transfer deed to the land
registry to record you as the new owner. |
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| • |
The solicitor passes the title deed to your mortgage lender
as security for the loan. |
