Ten Tips on a Residential Conveyacning - Purchase Transaction

1. Make sure you seek the advice of a good finaincial adviser or mortgage broker to ensure that your mortgage to purchase the residential property is agreed in principle. For details of recommended finanancial advisers and mortgage brokers in and around Knutsford, Timperley, Didsbury, Chorlton, Wythenshawe, Sale, Longsight, Wilmslow and Alderley Edge please Contact Us.
2. When the sale is agreed by the seller, ensure that you provide the Estate Agent our details and ask the estate agent to send out the sale memorandums to PLS Solicitors’s residential conveyancing team as quickly as possible. For details of recommended estate agents in and around Knutsford, Timperley, Didsbury, Chorlton, Wythenshawe, Sale, Longsight, Wilmslow and Alderley Edge please Contact Us.
3. If you have any specific concerns about the property please inform our property team who can advise you if there are any specific searches which can allay your fears. There are many bespoke searches which can be carried out such as a plan search which would reveal any planning applications within a certain distance from your residential home; a coal search which would reveal any mining activity and risk of subsidence; a BT search which would reveal any underground plant and equipement owned by BT under the Property. please Contact Us if you would like further details on bespoke searches which may be carried out.
4. Immediately before exchange of contracts try to arrange with the Estate Agent a re-inspection of the residential property.
5. Before exchange of contracts your designated property lawyer at PLS Solicitors will send you a fixtures fittings and contents form detailing what the Seller is leaving in the residential property on completion. You should look through this list carefully and check that everything you anticipated being left in the house. If there are any discrepancies please inform your contact at PLS Solicitors’s residential conveyancing department and the Estate Agent as soon as possible.
6. At exchange of contracts one of our property lawyers will send to you a full report on title concerning the legal title to the house which you are purchasing together with the contract for sale. It is important that a few days before exchange that you provide us with the specific date on which you wish to move to your new home as a specific completion date is needed to insert into the contract for sale.
7. We will need a full 10% deposit on exchange so you must ensure that you have liquid funds to transfer to us on the day of exchange. We strongly recommend that the funds are sent to us electronically by way of a CHAPS transfer. Your bank will make a charge for this service, however it is the safest way to ensure that we have received the cleared funds in time for exchange.
8. Between exchange and completion we strongly recommend that you arrange for removal vans 2 weeks before you move to your new home as demand for their services is high whereas supply can be quite low. For details of recommended removal companies in and around Knutsford, Timperley, Didsbury, Chorlton, Wythenshawe, Sale, Longsight, Wilmslow and Alderley Edge please Contact Us.
9. A few days before completion we will send to you the transfer for the property; the legal mortgage deed; a letter of advice concerning the mortgage and the completion statement. We strongly recommend that the funds are sent to us electronically by way of a CHAPS transfer. Your bank will make a charge for this service, however it is the safest way to ensure that we have received the cleared funds in time for exchange.
10. On completion your residential conveyancer will send you the title information document, being the details of the registered title at the land registry. We would advise you to keep this safe along with any new build home warranties.