The initial stages of house-buying focus mainly on finding the property that meets all of your requirements. Unless you are a cash purchaser, you must also find a mortgage plan that is right for you. Once you have found the house you wish to make an offer on, and the offer is accepted, the conveyancing process can begin:
The documentation relating to the property will be supplied by the Solicitor acting on behalf of the seller (vendor). This includes title deeds, property certs/searches, replies to Pre-Contract Enquiries, fixtures/fittings list, and energy performance certificates.
Our team will carry out due diligence on the basis of the documentation provided. If any issues arise from this process, we will discuss this with you and advise on how best to proceed.
Once your mortgage offer is in place, you are happy with your survey, and all matters are in order, we will ask you to visit our office to sign the contact. Your contractual offer is then released to the solicitor acting for the seller for acceptance. All parties then work towards the contractual completion date, when the property transfers to you as the new owner and you collect your keys.
Funds must also be transferred to our account in time for the completion. On the day of completion funds should be transferred and undertakings agreed between the all parties’ solicitors. The final stages will involve MKB Law filing your return to HMRC, paying the Stamp Duty, and dealing with registration formalities on your behalf.