Saracens Blog

I want this house, but what happens next?

Mortgage Solicitor in London

You’ve been scouring the city for months, working out the postcode you want to live in, then working out if you can afford it. Every spare penny has gone into your deposit and the bank has finally said, ‘Yes, we can loan you the money for a house’. Finally, after much searching around London, you have found your dream home. So, what’s next and how long until you get your keys? The first step is to engage a mortgage solicitor in London. Your estate agent may have given you the name of a solicitor, but it’s always your choice, so make sure you choose one you trust.

Saracens Solicitors has been conducting due diligence and mortgage conveyancing for 15 years. We’ve developed a highly professional team of lawyers, headed by partner, Fraz Butt.

Making sure nothing gets in the way of a successful transfer

Fraz and his team will look after the entire buying process from due diligence to registering your property with the Land Registry. This process can take 6-10 weeks; however, should any delays occur you’ll be informed of why and how long we believe it will take to resolve.

As your mortgage solicitor in London, our first step will be conducting all due diligence checks, making sure your property is exactly what you think it is – your new dream home and not a money pit nightmare. Once all the checks have been cleared and you are happy to proceed, we will then draft a contract. Once you and the current owner have agreed to the terms and conditions, the contract will be signed, deposits paid and the process at this point becomes legally binding. You are now on your way to owning your first home.

Just a little be longer till you open a new door

Once the contracts are exchanged, the full outstanding purchase price is paid, deeds to your new home are sent, and the keys are yours. All that’s required now is to register the new ownership with the Land Registry and you are ready to start your new life.

By engaging a highly skilled mortgage solicitor in London, you can ensure buying your first home is a joyful and exciting experience.

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