Purchase of Residential Leasehold Property
Claire Miller
Kamran Shah
Karabo Mclean-SalmonConveyancing Fee Calculator
The precise stages involved in the purchase of a leasehold residential property vary according to the circumstances. However, the details below will give you an idea of the key stages:
Key Stages
- Take your instructions and give you initial advice
- Check finances are in place to fund purchase and contact lender’s solicitors (if applicable)
- Receive and advise on contract documents
- Carry out searches
- Obtain further planning documentation if required
- Make any necessary enquiries of seller’s solicitor
- Give you advice on all documents and information received
- Advise you on joint ownership
- Go through conditions of mortgage offer
- Send final contract to you for signature
- Draft Transfer
- Agree completion date (this is the date from which you will own the property)
- Exchange contracts and notify you that this has happened
- Arrange for all monies needed to be received from lender (if applicable) and you
- Obtain pre-completion searches
- Complete purchase
- Deal with payment of Stamp Duty/Land Tax
- Deal with application for registration at Land Registry
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