If the house you are buying is other than newly-constructed, we would recommend that you appoint a surveyor to prepare a full report. If significant defects are found, it may be possible to negotiate a lower price with the seller. Receipt of mortgage offer Written confirmation of the mortgage advance will be received from the bank or building society. We will advise you on its content to make sure that you have the type of mortgage you want. Once we have completed all our enquiries and reported to you we will ask to see you to sign the contracts and discuss possible completion dates.
Exchange of contracts takes place once all parties have signed and are ready.
Once contracts have been exchanged, the sale is legally binding. Receipt of mortgage funds We receive the funds from your bank or building society. The full purchase price is settled and ownership is transferred to you. After completion, we continue to act on your behalf - ensuring that Stamp Duty is paid and that the Title to the property is properly registered at the Land Registry. After this, the Deeds will be sent to your mortgage lender or, where there is no mortgage, can be stored by us on your behalf.