The Forbes Survival Guide To Moving House - Part 2

Article

29 November, 2010

Jargon busting - what happens next? Who does what?

Instructions

  • Call anytime - we are here for you
  • ID
  • Money laundering
  • Third party funding
  • Timescales
  • Contact details - what works best for you

Sale

What we will be doing/what do you need to do?

  • Deeds
  • Mortgage details
  • EPC
  • Second charges
  • Forms
  • Contract
  • Enquiries
  • Exchange
  • Redemption figures
  • Completion
  • Pay agents/redeem mortgage

Purchase

  • Contract/plan/deeds
  • Searches - what are they, how long will they take, what do they show?
  • Valuation/homebuyers report/survey/additional reports
  • Check title/raise enquiries/reporting to the Lender
  • Property Report
  • Appointment - what happens?
  • Deposit - when and how do I pay and how much do I need to hand over?
  • Completions dates - what needs to be done before you agree a date/who agrees the date?
  • Exchanging contracts - what does this mean?
  • Completion statement/mortgage money/money from you - how you can pay, when you need to pay

Completion

  • Post completion - stamp duty, land registry, notices, deeds of covenant
  • Deeds

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