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Purchase Guide - Our at-a-glance guide
Pre-Exchange

1. The Estate Agent sends us details of the deal reached.
2. We contact the Seller’s solicitor, requesting information about the title of the property.
3. You progress obtaining your mortgage offer including any survey.
4. We receive an 'Information Pack' from the Seller’s Solicitor about the property.
5. We raise any queries about the title to the property.
6. We use the plan to the property to conduct various local searches.
7. We report to you having received:

  • The search results
  • Replies to any enquiries we have raised with the Seller’s Solicitor
  • An agreed format for the Contract with the Seller’s Solicitor
  • A mortgage offer from your Lender

8. If you are happy to proceed you return:

  • The Contract duly signed
  • The signed mortgage deed
  • A deposit usually representing 10% of the purchase price, which is needed in anticipation
    of exchange
  • You also tell us when you would like to move into your new property (the completion date)
Exchange
9. Once the buyer and the seller are ready, a Completion Date (the moving date) is provisionally agreed with the other party.
10. Contracts are then exchanged. The sale is now legally binding.
Pre-Completion
12. We request funds from your new lender to pay for the purchase.
13. We request any balance money required for the purchase from you.
14. We do some legally required searches.
15. A Transfer Deed is signed to put the property into your ownership ready for Completion day.
Completion
13. On Completion day We receive your mortgage monies and pay the balance of the purchase price to the Seller's Solicitor.
14. Once the Seller's Solicitor has received the money the keys are released to you and you can move in.

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Copyright © 2010 Gordons Property Lawyers
Gordons Solicitors LLP is a limited liability partnership registered in England & Wales with number OC326572 which is authorised and regulated by the Solicitors Regulation Authority under number 463234.
Gordons Property Lawyers is a trading name of Gordons Solicitors LLP.
The Registered Office of Gordons Solicitors LLP is at Winter Hill House, Marlow Reach, Station Approach, Marlow, Bucks, SL7 1NT, UK
We use the word partner to refer to a member of Gordons Solicitors LLP.
Keith W. Gordon LL.B., Mark R. Santa-Olalla B.A Susannah M. Brown LL.B, Glenn Skivington LL.B, Mark E. Turpie LL.B, Robin J. Gates