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Purchase Guide

Who does what? - Our at-a-glance guide will show you what to expect as you move through the home buying process.

Pre-Exchange
  1. The Estate Agent sends us details of the deal reached.
  2. We contact the Seller’s solicitor, requesting information about the title of the property.
  3. You progress obtaining your mortgage offer including any survey.
  4. We receive an 'Information Pack' from the Seller’s Solicitor about the property.
  5. We raise any queries about the title to the property.
  6. We use the plan to the property to conduct various local searches.
  7. We report to you having received:
    • The search results
    • Replies to any enquiries we have raised with the Seller’s Solicitor
    • An agreed format for the Contract with the Seller’s Solicitor
    • A mortgage offer from your Lender
  8. If you are happy to proceed you return:
    • The Contract duly signed
    • The signed mortgage deed
    • A deposit usually representing 10% of the purchase price, which is needed in anticipation of exchange
    • You also tell us when you would like to move into your new property (the completion date)
Exchange
  1. Once the buyer and the seller are ready, a Completion Date (the moving date) is provisionally agreed with the other party.
  2. Contracts are then exchanged. The sale is now legally binding.
Pre-Completion
  1. You prepare for your move.
  2. We request funds from your new lender to pay for the purchase.
  3. We request any balance money required for the purchase from you.
  4. We do some legally required searches.
  5. A Transfer Deed is signed to put the property into your ownership ready for Completion day.
Completion
  1. On Completion day We receive your mortgage monies and pay the balance of the purchase price to the Seller's Solicitor.
  2. Once the Seller's Solicitor has received the money the keys are released to you and you can move in.