WE CAN ARRANGE YOUR MORTGAGE
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you buy, sell or remortgage a property you will need the services of a
conveyancer, employed by a firm of solicitors or a licensed
conveyancer to look after your interests and make sure you don't fall
foul of the many pitfalls that exist without expert advice.
conveyancer must be acceptable to the lender because he will also act
on their behalf in making sure your existing mortgage is discharged
(if you are not a first time buyer) and the new mortgage goes into
place with all the conditions and legal ramifications fully attended
too. He's the referee who makes sure no rules are broken.
the conveyance you will receive various letters and phone calls
advising you of what you need to know, and what you have to do next,
as well as a number of documents to sign and return allowing him to go
to next stage. It is vital that you respond to any requests promptly,
because any delay on your part will delay the whole process. It is not
unusual for a chain of home movers to be all lined up and ready to go
only to discover that one of them is guilty of not responding to a
request to act on something, and the whole procedure grinds to a halt.
Don't let it be you. The pressure you will come under from all the
parties in the chain is not pleasant, and can often cause the chain to
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sale or purchase there are three distinct stages:
exchange of contracts - nothing is legally binding on either
side and, generally speaking, there is no liability either way for a
wasted survey, search fees and legal costs if the sale falls
exchange of contracts and completion - both sellers and buyers
are legally bound to complete on an agreed completion date.
completion day - monies change hands through the
conveyancers, deeds are handed over, sellers move out and buyers
breakdown of what your conveyancer will be doing:
will usually request a cheque from you to cover the local search fee
and send off for searches when contact has been made with the
will then obtain a purchase contract from the sellers' solicitors,
with details of the property and its ownership.
will sort out any pre-contract enquires and obtain copies of any
existing guarantees, planning consents, etc.
will obtain the sellers' fixtures and fittings list to see what they
will be leaving in the property, and you will get a copy to check.
your searches have been returned, and your mortgage offer has
arrived, he will arrange for you to sign the contract and hand over
your deposit for him to hold in readiness for "exchange".
all the mortgage conditions have been complied with and the sellers
are ready to proceed, a mutually acceptable completion date is
agreed. Contracts can now be exchanged and the transfer deed and
final searches effected.
this has been done your conveyancer can call down the mortgage
advance from your lender and send you a final completion statement
the completion day your conveyancer pays the required amount to the
sellers' solicitors in exchange for the title deeds. You can now
move into your new home. Your conveyancer will now register your
name and mortgage at H.M. Land Registry and send the deeds to your
lender for them to hold as security for their mortgage advance.
No information on this website is intended to constitute advice.
This site contains a summary of the information relating to the
products and is not intended to promote any specific mortgage or
insurance product or provide mortgage or insurance advice. It is for
information purposes only.