What your solicitor will do for you:
Purchase
- Obtain all the details about the Seller and their Solicitor from the estate agents.
- Confirm instructions to the sellers solicitor and request the contract and supporting documents.
- Obtain relevant searches, including Local Authority search, provide a full report to you on any matters contained in the results.
- Provide a report on the terms and any conditions of your mortgage offer .
- Provide a full detailed report on the title to the property, i.e. details of the boundaries, any restrictions affecting the property and any requirements of the owner to perform / undertake certain duties responsibilities.
- Arrange for you to sign the Contract
- Exchange contracts – NB. when contracts are officially exchanged the buyer and the seller are legally bound to the transaction
- Prepare the Transfer deed
- Arrange for you to sign Transfer deed and Mortgage deed
- Request final pre-completion searches
- Prepare final Completion Statement (showing all financial transactions)
- Ensure all funds in place in time for completion
- Deal with completion - transfer of funds, ensuring hand over of keys.
- Deal with Stamp duty formalities.
- Deal with registration of new owner at HM Land Registry.
- Forward deeds to lender / and or client
What your solicitor will do for you:
Sale
- Obtain title deeds from existing lender or Land registry.
- Draft Contract and forward to purchaser's solicitors.
- Arrange for signature to contract.
- Reply to any queries raised by purchasers solicitors.
- Exchange contracts – NB. when contracts are officially exchanged the buyer and the seller are legally bound to the transaction.
- Request redemption figures for existing mortgages.
- Approve Transfer deed supplied by purchasers solicitor and arrange for signature.
- Prepare final Completion Statement (showing all financial transactions).
- Deal with completion - receipt of completion monies, ensuring handover of keys.
- Discharge any outstanding mortgages
- Discharge Estate Agents account.
- Forward all Title deeds and relevant documents to purchaser’s solicitors.
- Transfer any balance of sale proceeds to seller.
