Pre-completion Legal Services
This is the period in which the transfer and mortgage documents are prepared and signed. As a seller you will need to sign the transfer before completion, and as a buyer you will need to sign the mortgage before completion. Final searches are also undertaken at the Land Charges Department, the Land Registry and if necessary Companies House. This needs to be done immediately before completion.
Having a completion date to work to we will request the mortgage money from your lender (when you are buying) and obtain details of the amount owing on your existing mortgage (when you are selling). We will prepare a financial statement and request any money we need from you. On completion, where you are selling, we will receive the purchase money from your buyer’s solicitors and where you are buying we will pay the purchase price to the seller’s solicitors. At this stage the house is yours and you are entitled to occupy it.
