PARTRIDGE & WILSON
——— SOLICITORS ———

PROPERTY PURCHASE

Below is a broad outline of the work which would be done for you and the chronological stages of the transaction:-

1. When we are in  receipt of your instructions to proceed we will request a cheque from you for the initial searches which includes local, drainage and enviro searches.
   
2. The seller's solicitor will send us a contract together with supporting documentation.  We will then investigate the title to the property and raise any necessary pre-contract enquiries.
   
3. As soon  as we receive a plan of the property we shall apply for a local search which will tell us about planning application / decisions, road schemes, financial burdens and any other special conditions, such as conservation areas which affect the property.  It is important to note that the local search will only reveal planning entries relating to the property itself and will not reveal any planning / other matters relating to adjoining land.
   
4. If you are purchasing the property with the aid of a mortgage, we will not be able to exchange contracts until your mortgage offer has been received.  The terms of the mortgage offer will be checked by us.  We will not provide you with advice on the type of mortgage offered, but will advise you upon the consequences of taking a mortgage and upon the conditions which you will need to observe before the mortgage money can be released.
   
5. When we are  in receipt of all the search results, and your mortgage offer, we will report to you on all the documentation received, and ask you to sign the contract.  At this point you will need to provide us with a deposit which is usually 10% of the purchase price.
   
6. Before  exchange of contracts, if you are purchasing the property with someone else, you will need to discuss with us how you wish the property to be held.
   
7. When everyone  is ready (and this could depend on a number of people who are relying on one another to move house, “the chain”), a completion date will be agreed.  On your instructions, contracts will then be exchanged.  It is at this point you will be irrevocably committed to the transaction.
   
8. We will  prepare a completion statement.  All monies required from you must be received by us as cleared funds prior to completion.
   
9. Completion Day: Depending on the length of your chain, it may take time for money to pass through the banking system and whilst we will endeavour to complete as early in the day as possible, sometimes circumstances make this difficult.
   
10. After completion  we will attend to stamp duty and HM Land Registry formalities.  You will be informed once this process has been completed and a copy of the land / charge certificate will be sent to you.