You instruct us when your offer is accepted and we send you a Client Care Pack to complete and return. You pay to us £500 to enable us to instruct searches.
You apply for a mortgage and/or a survey.
We obtain and check the contract pack from the seller’s lawyer.
Mortgage offer received by us. We will then send you your mortgage report
and check the lender’s requirements.
We make the appropriate searches.
We raise enquiries with the seller’s lawyer.
We check the seller’s replies to enquiries and searches, and deal with any legal requirements in your mortgage offer and survey.
We report to you on the title and searches. We may need to refer back to the seller’s lawyer the lender to make sure you are happy to proceed.
We request the deposit from you and your buildings insurance policy details in readiness for exchange.
We request the deposit from you.
Contracts are exchanged and completion date is fixed.
We request mortgage advance for completion.
We calculate any balance due from you.
Mortgage money received from lender.
Balance received from you.
Completion.
Moving date when keys are handed over.
On your behalf we pay the Stamp Duty Land Tax/LTT to the HMRC/Welsh Revenue Authority and register you as new owners of the property at the Land Registry.
The Purchase Process is subject to a number of third party actions, but the average transaction length is 8-12 weeks to get to completion. However, the registration of the transfer at the Land Registry may take many months due to their backlogs.
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Based in Salisbury and Chippenham, we specialise in a wide range of legal services for businesses and individuals.
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