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What your solicitor will do for you:
• 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 |
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• Obtain title deeds from existing lender or Land registry
• Draft Contract and forward to purchasers 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 |
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