Buyers
Your Important Calls Your Finance
Your broker will submit a mortgage application and you will need to make payment for your mortgage valuation (survey).
Week 1
It’s really important to contact your solicitor this week.
Confirm your instructions to proceed and make payment for searches.
Make them aware of the timescales you’re working towards and complete all relevant paperwork.
Make sure your solicitor has your ID and proof of funds.
Call and update us on your progress.
If you’re not raising a mortgage and are planning to have a home buyers or building survey you will also need to make payment for this to take place.
Make them aware of the timescales set for the survey to be booked in by – which should be within the first week of having your offer agreed.
Regarding your deposit - if it’s tied up in investments or a savings account which requires notice, confirm the notice period and serve it immediately to avoid delays.
It’s worth discussing life insurance with your broker.
Keep in regular contact with your broker or bank and call and update us on your progress.
Week 2
Week 3
After your mortgage valuation (survey) has taken place you should receive a mortgage offer the week after. If you haven’t - then you will need to chase your broker or bank.
Call your solicitor for an update.
Call and update us on your progress.
Call your solicitor for an update.
Call and update us on your progress.
Contact your solicitor to discuss possible exchange and completion dates.
Week 4
Make sure you have building insurance ready to go once you exchange.
Make initial enquiries with removal companies.
Your solicitor will send paperwork for you to complete.
They will request ID and proof of funds.
Your solicitor will request a draft contract from the seller’s solicitor and apply for searches (These are legal searches for the property you are buying. There are four searches: Local Authority, Environmental, Water and Drainage and Chancel Repair Liability).
They will confirm Stamp Duty costs to you.
Replies to enquiries received.
Your solicitor may raise additional enquiries as a result of receiving the mortgage offer and searches.
Your solicitor will receive replies to all enquires, mortgage offer and approved contract.
Your solicitor will send you the contract and title report to sign.
Your solicitor will approve the contract and submit a transfer document, known as a TRI, to Land Registry ready to transfer ownership from existing to new owners.
Your solicitor will receive your contract and deposit money. They will finalise completion date with the sellers solicitor.
Your solicitor will call you and the seller’s solicitor to confirm the exchange of contracts has taken place and reconfirm the completion date.
Your solicitor will call you to let you know you have completed on your new