Saracens Blog

What do you need to do to prepare to exchange contracts?

Mortgage Solicitor in London

At Saracens Solicitors, we are here to guide you through the process of buying a home. Once you have made an offer an offer on a property, you can contact us and instruct us to act as your mortgage solicitor in London. We have experience dealing with lots of different types of property sale including first-time buyers, buy-to-let properties, commercial properties and property auctions.

There are many stages involved in a house sale. When we act as your mortgage solicitor in London, we can help you tackle each step as it comes. We offer clear and efficient communication that is free from jargon so you always know what is going on with your house purchase.

Check the contracts

A lot of paperwork will fly back and forth between you, us and the seller’s representatives. This is when the contracts are being prepared. There are lots of standard questions that the seller will need to answer about utilities in the house, boundaries and so on. The answers might lead to further inquiries before everything is settled.

Once the final contract is sent to you, it is important that you check it thoroughly to ensure that all the details are correct.

Deposit

You need to have the funds ready to pay a deposit on completion. This is normally 10% of the value of the property.

Investigate removals and other service firms

Once contracts are exchanged, you can begin to book packing and removals services as house sales that fall through after exchange are very rare.

Before you exchange contracts is a good time to do your research and find the firms that you want to work with, consider how much time you will need and what kind of packing materials to find or buy.

Decide on a date for the move

After contracts are exchanged, the next stage is completion. This is when you will be moving and it normally occurs a few weeks after the exchange of contracts. You can choose a date and let us know at Saracens Solicitors. We will do our best to ensure that you are able to move on the date that you have chosen when we are acting as your mortgage solicitor in London.



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