A guide to buying a house

Your Conveyancing Team Will:

Whilst you need to:

Your Mortgage Lender will:

STAGE 1

Contact the seller’s conveyancer to obtain and check: - the title of the property - proposed contract with the seller
Make Local Authority and any other necessary searches and check results
Receive Mortgage instructions from your lender Prepare all documentation for your signature and report to you

Arrange a detailed survey
Arrange Buildings insurance
Arrange life cover
Raise any planning concerns with the council
Lodge deposit with your conveyancer (normally on a purchase only)
Ensure that all necessary papers are signed and returned to mortgage lender
Investigate removal companies

Carry out a valuation survey of the property
Check that you are eligible for the mortgage
Send your conveyancer the mortgage offer and instruct them to check: -the title deeds of the property -the proposed contract with the seller - Local Authority and any other necessary searches - that all mortgage conditions can be satisfied

STAGE 2

Contracts are exchanged Deposit handed over

Put buildings insurance and life cover on risk

EXCHANGE

STAGE 3

Prepare Completion Statement Conduct final searches Request mortgage funds from your lender

Confirm removal company booking Book utilities connections Agree arrangements for hand over of keys with agents Notify change of address to: banks, building societies, credit card companies, insurance companies, DVLA, doctors, dentists, Post Office etc

Mortgage funds paid to conveyancer

STAGE 4

Hand over purchase monies to seller’s conveyancers Receive title documents from seller’s conveyancers

Collect Keys MOVE IN

COMPLETION

STAGE 5

Pay any stamp duty Register your ownership with the Land Registry Deal with storage of deeds