- Seller puts the house on the market
- Seller accepts Buyers offer
- Sellers conveyancer sends draft contract to Buyers conveyancer
- Buyer arranges mortgage and survey
- Buyers conveyancer makes searches and enquiries
- Sellers conveyancer replies to enquiries and sends contract to Seller to sign
- Mortgage offer made by Buyers lender
- Buyers conveyancer reports to client with contract
- Completion date is agreed
- Buyer gives his conveyancer the deposit, unless the Buyer is also selling and uses the deposit from his sale.
- Conveyancers exchange contracts and confirm the completion date, the transaction is now legally binding.
- Buyers conveyancer notifies lender of completion date.
- Seller arranges to move out.
- Buyer pays any further sum needed to his conveyancer, and the lender sends the mortgage advance.
- Completion takes place on the agreed date, the Buyers money is sent to the Sellers conveyancer, on receipt the Seller or his agents release the keys to the Buyer.
We will guide you all the way through the transaction. We will keep in contact with you to make sure you are up to date with progress. We like to be the leaders in the ‘contract race’, but without pushing you into buying a property without a full consideration of any relevant legal issues.