Buying Your Home

We have prepared this guide to explain the conveyancing procedure and what happens at any particular stage. No two transactions are ever entirely the same but they all follow a similar format and we hope that this will help you understand what we will do, what you need to do and what your mortgage lender (if any) will do.

Hill & Abbott will:

  • Contact the Seller’s Solicitor to obtain contract papers
  • Review legal title
  • Raise any necessary enquiries and check the replies when received
  • Once survey completed carry out searches and check the results
  • Provide you with an initial report on your purchase property
  • Receive mortgage instructions from your lender and deal with their requirements
  • Prepare all the documents for signing and report to you
  • Agree completion date with all parties

Whilst you need to:

  • Arrange a survey (check with your lender)
  • Raise any concerns or queries regarding the property with us
  • Obtain buildings insurance quotes and investigate removals.
  • Organise your deposit ready for exchanging contracts
  • Ensure all necessary papers are signed and returned to us or your mortgage lender as appropriate

Your mortgage lender will:

  • Check that you are eligible for the mortgage
  • Carry out the valuation or survey of your property
  • Send you and us a copy of your mortgage offer together with details of any conditions

Exchange of Contract

Hill & Abbott will:

  • Contracts exchanged and deposit handed over
  • Prepare a financial statement
  • Carry out final searches
  • Request mortgage monies in time for the completion date

Whilst you need to:

  • Buildings insurance on risk
  • Confirm removal company booking
  • Forward to us any  monies required to complete purchase

Your mortgage lender will:

  • Send mortgage monies to us in readiness for completion

Completion

Hill & Abbott will:

  • Send monies to Sellers Solicitors
  • Receive title deeds and transfer from Sellers Solicitors
  • Pay the stamp duty
  • Register your ownership with the Land Registry
  • Send you a copy of your title deeds and forward the originals to your mortgage lender

Whilst you need to:

  • Read meters and  collect keys
  • MOVE IN
Get in contact with us today...
Hill & Abbott will not pass your details on to any third party company or organisation.

Burgundy Court
64-66 Springfield Rd
Chelmsford
CM2 6JY

01245 258 892

enquiries@hill-abbott.co.uk

Connect with us.