We will firstly write to the seller’s solicitors requesting;
Property Information Forms
Fixtures and fittings list
If it is a leasehold property we will also ask for a copy of the lease, 3 years management accounts (if applicable) and a current buildings insurance policy.
As soon as we receive the draft contract and other paperwork, we will examine it carefully and raise any questions that we feel are necessary.
We have to make enquiries of other organisations about the house or flat.
These are all necessary to make sure that there is nothing that will affect your enjoyment of the property. It will check that all necessary planning permissions have been obtained. It will check that you have mains drainage and water supply. It will make sure that the land below the house is not contaminated in some way.
The searches go further than this and you will get copies of all results as part of the transaction.
As well as acting for you, we will act for the bank or building society offering you your mortgage. We will need formal instructions from the lender before we can exchange contracts. We also have to comply with their requirements and we may have to tell them if there is any issue about the title to the property.
Once we are satisfied that the paperwork is all in order, we prepare a detailed report about the house or flat, containing all relevant documents and searches. We will explain to you all of the information that has been received and the responsibilities you will have as an owner and a borrower. We always prefer to meet face to face when possible. It is at this time that you will be asked to sign the contract and other paperwork.
"Always felt that your case was as important as any other."