Purchasing your home

Meet the Team

Buyers Actions

Your offer to purchase has been accepted!

  • Find and instruct a solicitor
  • Estate Agents send out Particulars of Sale to your Solicitor
  • Inform your Solicitor of any particular points you wish clarifying concerning the Property ie. if you believe the property has been extended let your Solicitor/Conveyancer know so that they can ensure appropriate enquiries are raised of the sellers solicitors
  • Your Solicitor receives the Contract pack from the Sellers solicitor
  • Your Solicitor checks through the Contract documentation and raises any enquiries they feel are necessary with the Sellers solicitors and puts in hand the searches for your property
  • If you are having a mortgage, your mortgage offer will be sent to your Solicitor and they will check through to ensure that the Lenders lending conditions are satisfied
  • Your Solicitor receives your search results and raises any further enquiries that may need to be raised on the search results
  • Your Solicitor will send out a report to you on the property and the search results and your mortgage offer (as applicable) and send out the Contract and other purchase documentation to you in readiness for exchange of contracts
  • Once all of your Solicitors enquiries have been satisfied and any conditions of your Mortgage Lender have been satisfied a completion date will then be agreed by all parties in the chain and you will need to provide your solicitor with payment of a 10% Deposit or such other amount as has been previously agreed
  • CONTRACTS ARE EXCHANGED -  the arrangement is now legally binding
  • The Seller continues to insure the Property but you should also make sure that you have buildings insurance in place from exchange of contracts and also place your life insurance on risk from exhange of contracts
  • The Sellers solicitor approves your Solicitors Transfer Deed and provides replies to requisitions on title to enable completion to take place
  • Your Solicitor/Conveyancer submits their Certificate of Title to your Lender to request the drawdown of your mortgage advance
  • Your Solicitor/Conveyancer provides you with a financial completion statement confirming the sum due to them in order to complete the matter and you will need to ensure you pay the relevant sum to your Solicitor and ensure they are in receipt of cleared funds prior to the date of completion

Completing the House Purchase

  • Your Solicitor receives the mortgage advance from your Lender, usually the day before completion is to take place to ensure there are no delays on the day of completion
  • Your Solicitor/Conveyancer pays the purchase price to the Sellers Solicitor by Bank Telegraphic Transfer and the Sellers Solicitor acknowledges receipt by releasing the keys via the Estate Agents who will then release the keys to you
  • Your Solicitor pays any Stamp Duty payable to HMRC and submits a registration application to HM Land Registry to register you as the new owner

All that remains is for you to sit back and enjoy your new home!