Offer to Completion
A Short Guide from Offer to Completion…
The offer has been accepted and Memorandum of Sale received
Step One… Legal Work
You should formally instructed your solicitor, if you are selling, they will request your Deeds and then prepare a Draft Contract to send to your buyer’s solicitor. You will initially be required to complete a Fixtures and Fittings Form and a Property Information Form initially which is vital information forming part of the final contract.
Please return this information without delay.
Please note, it is highly likely additional enquiries will be raised throughout the transaction.
If you are purchasing, your solicitor will request payment on account for searches and once in receipt of the Draft Contract should then be applying for these.
Step Two… Mortgage Application
It is important you submit your mortgage application as soon as possible. Having submitted your mortgage application, your lender will process your application but may require additional information before instructing a surveyor. You may also be required to pay a survey/arrangement fee.
In most cases this will be a standard Mortgage Valuation carried out by a Chartered Surveyor to ascertain the
condition and the value of the property. However, a more detailed ‘Homebuyers Report’ can be obtained at a
We would be happy to recommend a surveyor for you if required.
Step Three… Specialist Reports
Following survey, it is quite common for additional specialist reports to be recommended, particularly in older
properties and regardless of condition. These may include Timber and Damp Report, Electrical Report, Roofing
Report, Drainage Report, Structural Survey, Sulphate Report, Tree Report, Gas Safety Check.
These reports often show up minimal work and we shall liaise with all parties once copies of reports are received.