Purchase

Purchasing a house is far more complicated because the lawyer must ensure that the property you buy does not involve you in any unforeseen disputes over rights of way, boundaries, fences, restrictive covenants, road charges or other legal entanglements.

A search is made of the local authority’s records to establish whether there are likely to be any public works affecting the property, such as motorway schemes, and whether there are any planning restrictions. The information provided by the local authority relates only to the house being purchased and not to the neighbourhood in general.

The seller’s lawyer will provide a contract package relating to the property which must be checked and any necessary enquiries raised.

Legal Stages in relation to your purchase

Please find detailed below the legal stages in relation to your conveyancing in respect of purchasing your property.

STAGE I - SALE AGREED

Searches

Organise searches (Local Search and others if necessary) on your behalf and ask you for a payment on account of such expenses.

Enquiries

Raise enquiries on the legal title of the property which is sent to the sellers lawyer.

Mortgage

Receive mortgage offer and deal with all the conditions on your behalf.

Search Results

Receive search results and deal with any problems revealed.

The Deeds

Prepare the deed of transfer and mortgage deed and arrange for you to sign them when final report is provided.

Legalities

Once all legal matters are resolved your conveyancer will report to you with the contract for signing and request your deposit in readiness for exchange.

STAGE II - EXCHANGE OF CONTRACTS

Deposit

Hand over the deposit to the seller’s conveyancers.

Completion Statement

Prepare a final completion statement for your approval. Collect in any balance of funds required.

Final Searches

Organise final searches and check in respect of protecting your interests, Title Search and Bankruptcy Search as requested by your lender.

Mortgage Funds

Request mortgage funds to be provided on day of completion from mortgage lender.

STAGE III - COMPLETION

Payment

Receive and arrange for payment of any stamp duty to the Revenue & Customs.

Applications

Prepare and send off application to HM Land Registry to register your ownership.

Deeds

Once application is received from HM Land Registry send deeds either to the lender (if mortgaged) or client (if property was financed by cash).

 
 

HOW CAN I SPEED UP THE PROGRESS IN RELATION TO MY PURCHASE?

Once you are certain that you wish to purchase the property there are several things that can be done in anticipation of the purchase which can help to speed up progress.

Try to follow the tips below to speed up your conveyancing: –

Instruct Chartahouse Conveyancing Services immediately when you have placed an offer on property.

Provide Payment on Account as quickly as possible to enable searches to be performed as the local authorities can take up to three weeks to provide results.

If you are purchasing by way of mortgage arrange your mortgage offer at the start of transaction.

Try to respond to correspondence as quickly as possible.

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