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Preparing Contracts

You have instructed a solicitor or specialist conveyancing through In-Deed. Now your legal representative can start work on preparing the contracts for exchange in a sale or purchase.

Why is this important? 

The solicitor or specialist conveyancer must carry out several checks and searches that reveal essential information about both you and about the property. These checks include confirming your identity to prevent fraud. Where you are buying, the solicitor will commission local authority searches that explain more about the property and the land surrounding it.

What happens? 

When you are the seller, your solicitor or specialist conveyancer will draw up a sale contract. They will also provide precise information for the buyer’s solicitor on who owns the property and has the legal right to sell it. When you are the buyer, your solicitor will confirm that the seller has the legal right to sell the property, that the land is free of issues (also checking if it is leasehold or freehold), organise the essential searches, while also requesting information from the Land Registry. When you’re buying, the solicitor will also confirm you have the finance in place and liaise with a lender when you need a mortgage. The solicitors for both buyer and seller will also discuss a completion date, which is the date you are able to move.

What we do 

On a purchase, your solicitor will:
• Contact the seller’s solicitor to obtain the contract pack
• Request and obtain a copy of your mortgage offer
• Carry out the necessary searches
On a sale, your solicitor will:
• Prepare the draft sale contract pack
• Respond to any questions raised by the buyer’s solicitor

Things you will need to do: 

As a buyer:
• Arrange for a building survey
• Have your mortgage approved
• Arrange buildings insurance
• Organise your deposit
As a seller:
• Complete a Seller’s Information Form

Things you will need to send us: 

A signed copy of the contract your solicitor will send you