Stages of the Purchase Transaction

  • Once you have had an offer accepted on a property, drop us a line. We will provide a clear breakdown of our fees, specific to your case and provide contact details for your conveyancer.

  • Once we have opened a file for you, there will be some initial forms for you to compete for us.

  • Your estate agents will provide us with the Particulars of Sale and we will then await a contact package from the sellers solicitors

  • On receipt of a contract pack we will check through all the paperwork and raise any enquiries that we may have with the seller’s solicitors.

  • We will also at this stage apply for searches, which take approx. 3 weeks to complete depending on the area, and we will report to you on the results.

  • If you are purchasing with the aid of a mortgage, you should have already instructed a broker / mortgage advisor now and we will be awaiting a solicitor’s copy of your mortgage offer. On receipt of this we will check all the details and ask you to sign a Mortgage Deed.

  • When we are happy with the seller’s replies to enquiries, the search results and the mortgage offer, we will report out to you with all the property information and ask you to sign a Contract and a Transfer Deed in readiness for exchange of contracts.

  • We will also send you a draft Financial Statement at this stage and ask you to provide a deposit for exchange of contracts. If you are selling a property as well as purchasing, the deposit we receive on the sale transaction will be used on this purchase and so no funds will be due from you until just before completion.

  • We will contact you to agree a mutually acceptable completion date, this is the date on which money changes hands between solicitors and the keys are handed over via the estate agents. Once a date is agreed, contracts can be exchanged and the agreement is now legally binding. At this stage you must insure the property (unless it is a Leasehold property).

  • Between exchange of contracts and completion, we will request mortgage completion funds from your mortgage lender and carry out our final searches. Our final account will also be drawn up.

  • On the completion day, we will receive the mortgage advance and send the full purchase price (less any deposit paid) to the seller’s solicitors via Bank Transfer. When they receive the funds they will call us to confirm that completion has taken place and we will let you know that keys can be collected from the estate agents.

  • After completion we will pay any stamp duty that is applicable and register your ownership at the Land Registry. Registration can take between 3-6 months depending on the transaction and area, however when we receive the updated Deeds we will send confirmation out to you.