To proceed with exchanging contracts, we will need the following:
- Signed Contract, Lease and Plan (if applicable): All purchasers must sign the contract.
- Deposit Funds: The deposit (typically 10% of the purchase price, or as agreed) must be transferred to us in cleared funds before we can exchange contracts.
- Mortgage Offer(if applicable): If you are using a mortgage to purchase the property, we will need to have received a formal mortgage offer from your lender and reviewed its terms to ensure everything is in order. We will also require the signed Mortgage Deed.
- Search Results: All property searches (such as local authority, environmental, and water and drainage searches) should be completed and reviewed. Any queries or concerns arising from these searches should be resolved.
- Enquiries Answered: Any enquiries that we or you have raised about the property with the seller should be fully answered.
- Agreement on Completion Date: Both parties must agree on a mutually acceptable completion date, which will be specified in the contract.