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Between contract and completion
Technically, it is in this period that the buyer's solicitors check the title of the property and prepare the document to transfer ownership to the buyer. However, nowadays solicitors usually check title and prepare the transfer document at a very early stage. The mortgage document is prepared and the buyer will have it explained to him before he signs it. |
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An obligation to repay thousands of pounds at a rate of perhaps hundreds a month, is not to be undertaken lightly. In some cases the transfer only has to be signed by the seller. In others it must be signed by the buyer too, either because the buyer must covenant with the seller to observe the restrictions or because there is more than one buyer and the transfer document contains a declaration of trust.
As we approach the date for completion, the financial details will be worked out and the buyer asked to provide the balance of the purchase price in return for the deeds and signed transfer document. At that point you will be entitled to occupy the house and take possession of the keys.
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 What happens in a conveyancing transaction? |
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| Pre-contract |
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| Between contract and completion |
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| After completion |
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| Glossary of terms used |
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FREE Online Conveyancing Quotation |
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Click here to find out further information on Home Information Packs (HIPs) |
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We can help you with:
• Sales and purchases of houses, flats and all types of residential property, both freehold and leasehold and re-mortgages.
FREE Guide to Conveyancing - Click here to download
FREE A Buyer's Guide To Listed Buildings - Click here to download
FREE A Buyer's Guide To Septic Tanks - Click here to download
FREE A Buyer's Guide To Building Regulations - Click here to download
For more information speak to Peter Simner on 01562 820 181 or
email: peter.simner@mfgsolicitors.com
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Click here to view our factsheet on Trusts - Protecting Your Home. |
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