Who Does What

WHEN YOU HAVE FOUND A HOUSE –

What will happen next? Who does what?

Lovejoys will:-

*Contact the Seller's solicitors to obtain the title deeds and contract

*Check the Deeds and the Contract

*Make the standard searches (local, drainage and mining)

*Make any other searches you have instructed us to carry out (environmental, Planning etc)

*Check all search results

*Receive and check mortgage instructions from your lender

*Prepare a report upon the property and all documentation for you to sign

EXCHANGE

Contracts are exchanged and the deposit is handed over

*Prepare completion statement

*Conduct final searches

*Request mortgage funds from your lender

COMPLETION

*Send purchase monies to seller's solicitors

*Receive title deeds and Documentation

*Pay stamp duty to inland revenue

*Register the change of ownership with the Land registry

Your mortgage lender will:-

*Carry out a valuation

*Check that you can repay the mortgage and generally satisfy their conditions

*Send the mortgage offer to us outlining any conditions that have to be met.

EXCHANGE

*Send mortgage funds to solicitors

COMPLETION

You will need to:-

*Arrange your survey

*Arrange your buildings insurance (if this is not being done through your mortgage lender)

*Arrange any life cover needed

*Pay your deposit and balance monies to us when requested

*Ensure that all papers from your lender are signed and returned including the direct debit instruction

*Ensure that all documentation is signed and returned to us

*Research removal companies

EXCHANGE

*Tell you insurance company that we have exchanged

*Confirm removal bookings

*Notify banks building societies credit card companies

*Arrange new telephone numbers and transfer of services (gas, electricity etc)

*Agree arrangements for collecting keys from estate agents

COMPLETION

*Collect keys

*MOVE IN!!