THE BUYING PROCESS:
The work carried out before exchange of contracts:
- Confirm all parties are proceeding.
- Obtain draft documentation from Vendor's Solicitor.
- Searches of the property carried out with Local, Water and Environmental Authorities.
- Receive mortgage offer, review any special conditions that may need to be satisfied and check valuation report.
- Enquiries raised from results of Searches, Mortgage Offer, Valuation Report and draft Documentation.
- Report on the property provided and arrangements made for signature of all documentation.
Exchange of Contracts to Completion of the purchase:
- Exchange of contracts once all documentation signed, a deposit provided by you and a completion date agreed by all parties.
- Deposit and contract forwarded to the vendor's Solicitor.
- Final Searches carried out between exchange and completion.
- Final Completion Statement forwarded showing balance required to complete.
- Funds requested from Mortgage Company for the Completion date.
Completion and Post Completion Work:
- Balance of funds received from you Mortgage Company are forwarded to the vendor's Solicitor.
- Once funds received keys are released to you and Title Deeds for the property forwarded to us.
- Stamp Tax is paid to the Inland Revenue on all purchases over £120,000.00
- Upon receipt of the “Tax Paid” Certificate papers sent to HM Land Registry for registration in your name.
- Once registered confirmation forwarded to you and to your Mortgage Company.
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