Page 7 - AvRillo_A4ConvGuideBook July2017

7

BUYING CHECKLIST

KEY STEPS TO TICK OFF YOUR LIST.

Each solicitor works differently and at different speeds. Some take 4 months to complete,
some don’t move you at all. By following the AVRillo checklist below, you be able to help your
conveyancer move twice as fast and double your chances of successfully moving.

Before instruction 12. FREEHOLD only: Building Insurance
policy & schedule received from client.
1. Call us, we’ll send you an email quote. You
instruct us online and we start acting for you 13. Client agrees completion date with agent & seller.
straight-away. No delays. Exchange
Instruction to Pre exchange 14. Exchange of Legal contracts. This means
your sale is safe. We’ll send over your deposit to
2. On the day you return your instruction form
we’ll open your file, apply to the Land Registry the seller solicitors.
for your title deed so we can short-cut delays Between exchange and completion
and start investigating your title; raise first 15. Various steps have to be carried out in between
additional enquiries to seller solicitors.
these dates. A good solicitor will hold your
3. Preliminary Report on Title sent to Client. hand through this stressful process. Not all do.
4. Searches paid for. We order searches. So ask them questions if you are unsure. Don’t
5. Contact received from seller’s solicitors & forget also, ‘The Law Society Contract’ asks for 20
Further ‘additional enquiries’ raised to seller. working days to be left between these two dates.
If you want a shorter expedited time, ask your
6. Final searches received & checked. solicitor in advance to see if they have the capacity

7. LEASES only: Lease/lease plan/documents to help you.
received & reviewed. Leasehold Management Completion Date
Pack received from seller‘s solicitors and
reviewed. 16. The balance of your money is sent to the
seller solicitors. Once cleared in their account
8. Mortgage Offer received from Lender and they will release the keys to the estate agent,
any report to lender made. who will then release the keys to you. The seller

9. Final replies on additional enquiries received will move out and you move in.
from seller’s solicitors/lender. Post completion steps
Preparing for Exchange 17. Stamp Duty Tax Return drafted/calculated/

10. Report on Title; Request for Deposit; submitted to Inland Revenues on behalf of client.
Contract & other papers for client to sign off. 18. AP1 Land Registration Application sent to

11. Client Returns Report on Title papers; HMLR & deal with any HMLR requisitions.
Deposit and Signed papers. 19. Checking new deeds from HM Land Registry
to ensure they have correctly registered you as
the new owner & removed the seller’s mortgage.
20. LEASES only: Serve any notices required by
your new Management Company.
21. Deeds sent to you.