Client informed as to progress. Meanwhile, solicitors investigate title and carry out searches on client's and lender's behalf. Lender obtains credit search, salary confirmation etc. Valuer instructed and report obtained. Mortgage confirmed and life office issues acceptance letter.
Solicitor prepares mortgage deed and arranges conveyance.
Insurance company issues life policy document, which is forwarded to the solicitor or lender for assignment as required. Once the client has exchanged contracts, there is an obligation to complete the purchase, so that in the event of death, the estate would have to complete the purchase.