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The legal aspects of property purchase (Work post Exchange of Contracts…
The legal aspects of property purchase
Investigation of title
Searches
Land Registry search
Registered land
Property register
Proprietorship register
Charges register
Land Charges Registry search
Unregistered land
Puisne mortgages
Spousal interests
Local Land Charges Registry Search and Enquires of the Local Authority
Obligations/restriction attaching to property
Bankruptcy search
Commons registration search
Common land search
countryside
undeveloped
Work prior to exchange of contract
Contents of the sale
Sellers property information form
Property boundaries
Disputes with neighbours
Notices affecting the property
Guarantees relating to the property
Services to the property
Sharing neighbours
Arrangement and rights
Changes to the property
Planning and building control issues
Fittings inc. Fixtures exc.
Mechanics of the sale
Preparation of mortgage deed
Sales contract draft
Terms/Conditions
Buyer/Vendor details
The property
Agreed sale price
Agreed deposit
Work post Exchange of Contracts
10% deposit
Vendor/Buyer redemption figures requested
Completion date set
Mortgage deed signed (formal/binding agreement)
Transfer deed sent to vendor
Post Completion
File stamp duty land tax return
Reg new owners at Land Registry
Conveyancing fees and disbursements