Once you have taken the important
decision to put your property on the market you will want to ensure that as
soon as a buyer appears that you move as soon as possible. Mentally you have
already moved, physically you need to catch up!
Make sure that you appoint your
lawyer as soon as you start marketing the property, and that you supply all the
information that they will need, which will include any guarantees, planning
consents, building regulation approval, and completion certificates for any
work that may have been carried out, even by a previous owner. These are all
questions that will be raised, so if we can supply them with the draft contract
package, that saves valuable time. Â This should ensure that exchange of contracts
will not be held up by you.
How can you help your Conveyancer on your purchase?
How are you funding your
purchase? Normally most people need a mortgage to assist them, but it is the
difference between that and the purchase price that can cause unforeseen
difficulties if not dealt with immediately. Sometimes it will be the net sale
proceeds of the related sale, in which case no problem. However if savings are
being used, then full details including copies of UK bank accounts are required
to satisfy the Money Laundering Regulations. If a relative is either gifting or
loaning funds, again full details are required, and in those instances your
Mortgage lender will need to be informed by us so that we can obtain their
authority to proceed. This should ensure that exchange of contracts will not be
held up by you. If in doubt, speak to your Conveyancer as soon as possible.
view by Barry King,Â Vice-ChairmanÂ Â PPA and Legal ExecutiveÂ
with GlanvillesÂ ,Â Solicitors