Step 1: As soon as the reservation paperwork has been completed, your solicitor will be formally instructed and advised of the date for exchange of contracts. You will need to pay some fees at this time for your solicitor to carry out their local area searches, complete the transfer of ownership and check all paperwork is in order.
Step 2: Your solicitor will look through the contract documentation and raise any questions with Beechcroft that they feel necessary – and will let you know the results of the searches.
Step 3: Your solicitor will go through all the paperwork with you before you sign the contract on your new home. You will need to provide a deposit on exchange, normally 10% of the price of your new home. If your new home is ready to move into, you will be given a completion date and a “Notice to Complete” 14 days before legal completion.