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The instructed solicitor will contact the client's solicitors to exchange contracts, confirming that each you and the buyer have signed and dated the contract. The total buy worth (minus any deposit already paid) is acquired by your instructed solicitor on the day of completion, and the new owners can move in. The instructed solicitor will acquire a closing redemption statement from your mortgage lender and particulars of your estate brokers' fee. |
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stamp obligation and many others. Disbursements - The fees your solicitor has to pay to others in your behalf e.g. Deed - A formal document stating the proprietor of the property and who it's being transferred to. Land registry fee - A charge paid to the Land Registry to register the ownership of a property. Mortgage - It is a loan that will help you pay for the property you are trying to buy. That is also called conveyancing. |
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