First Step

Your appointed solicitor/conveyancer will draw up a draft contract or terms of engagement with you, setting out their charges and deposits required. Your solicitor will write to the developer’s solicitor to confirm they are instructed and request a copy of the draft contract and any other documents. Your solicitor will examine the draft contract and supporting documents and raise enquiries with the developer’s solicitor.

Your Mortgage

Your solicitor will receive a copy of the mortgage offer and go through the conditions. You will need to get a mortgage valuation. This is carried out on behalf of the mortgage company so they know that the property provides sufficient security for the loan. You will want to have any other necessary surveys done. Before exchange of contracts can take place your lender will require you to get Buildings Insurance for your new home.

Signing the Contract

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That all enquiries have been returned and are satisfactory

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That fixtures and fittings included in the purchase are what you expected

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A completion date has been agreed between the two parties

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That you have made arrangements to transfer the deposit into your solicitors account so that it is cleared in time for an exchange


Exchanging Contracts

You and the developer will agree on a date and time to exchange contracts at any time on any given day, your solicitor will exchange contracts for you. Once you have exchanged contracts you will be in a legally binding contract to buy the property with a fixed date for moving.


On Completion Day

Completion is normally set around midday on the specified date although in practice takes place when the developer’s solicitor confirms that they have received all the money that is due.

After Completion

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Pay any Stamp Duty Land Tax on your behalf

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Send a copy of the title deeds to your mortgage lender, who will hold them until you pay your loan off

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You will receive your legal documents about 20 days after completion after your solicitor has sent them to the Land Registry