Stage 1: Before exchange of contracts
The following happens before contracts are exchanged:
- We ask the sellers solicitor for a draft contract to be approved. This will include a price, who the parties are, deposits to be paid and any other information to be included.
- We will examine the draft contract
- We make pre-contract enquiries of the seller. These include such issues as disputes with neighbours, rights of way over the land, any changes in use, issues regarding unadopted roads, whether services to other properties pass through the land, whether services pass through someone else's land and any other information which may be relevant to the particular purchase. i.e. if any necessary building regulation approval has been obtained for electrical work, gas fitting works, glazing work, extensions/conservatories.
- We make searches of the land registry to check who is registered as owning the property and if any restrictions exist that you as a buyer should be aware of.
- We make enquiries of the local authority. This covers any potential problems such as tree preservation orders, unadopted roads, planning permissions granted, restrictions to planning and whether there is any problem concerning compulsory purchase orders.
- We make a water and drainage search to check that the property has running water and drainage facilities as part of the public system.
- You will check the contract and any lists of fixtures and fittings to be included in the purchase
- You may wish to have a survey
- You will receive and agree to a formal mortgage offer (if you require a mortgage)
- All parties agree a completion date