When
all the conveyancing
(legal side) has been dealt with, your solicitor (or Licenced
Conveyancer) will send you various documents to sign.
This
is what you've been waiting for. You're finally doing the deal - which is called
Exchanging Contracts, and agreeing a Completion Date,
which is when the property becomes yours.
You'll
most probably have to pay a deposit (usually 10% of the house's value) through
your solicitor. If you pull out after this point you will lose the deposit.
You
must ensure that the buildings insurance and any other
insurance is in place for the completion
date ie that you are properly covered.
Completion
This
is when the property becomes yours.
On
the agreed Completion Date the two sides' solicitors swop the keys and the deposit.
Read
enough? Just want a quote? To get
your best mortgage quote quickly and easily we can
put you in contact with a recommended mortgage adviser. It's free,
completely confidential and there's no obligation at all. Simply
fill out the form below
Save
time money and effort with all the latest tips and trade secrets.
We
tell you everything you need to win the race for that dream home... how to get
your seller's Estate Agent onto your side... how to get properties for a 30% plus
discount.. how avoid being gazumped at the last minute and more.
Click
on your chosen subject below to access this invaluable FREE information.
Please
note, this information is NOT necessarily RELEVANT in Scotland
