The amount of deposit can vary but it is typically 10% of the agreed price of the property.
If your sale or purchase does not complete we will not charge you any legal fees, however you will need to cover the cost of any disbursements we have incurred on your behalf.
Form LLC1 (Local Land Charge Register search) includes any restrictions imposed on the property such as whether it is a listed building, or if it is located in a conservation area.
Form CON29 (R) (regarding public highways) includes required searches for any existing proposals for roads, rail projects, or planning decisions, which may affect the property in question.
Form CON 29(O) includes a range of optional searches, covering matters including pipelines, parks and gardens, and noise abatement (if the property is in the vicinity of an airport for example).
Mortgage valuation – a check requested by your chosen lender that the property is worth what you are paying for it. This is not a proper house survey.
Condition Report – An overview of the condition of the property being purchased – this may highlight bigger problems but will not provide in depth analysis.
Homebuyer’s Report – A detailed report of the condition of a property, which explains any repairs and maintenance that is needed, damp or subsidence issues, and anything which does not comply with building regulations.
Sava Home Condition Survey – Similar to the Homebuyers report but without a valuation.
Building Survey (Full Structural Survey) – This is by far the most thorough survey you can get as it provides a comprehensive analysis of the structure and condition of the property. This is a great option if the property you are buying is old or in poor condition.
New-Build snagging survey – identifies any defects in a new-build property. If carried out, the report can be handed to the developer prior to moving in so any issues can be rectified straight away under warranty.
• the title number
• who owns the title and;
• what they paid for it
• any rights of way which apply
• whether a mortgage on it has been ‘discharged’
Following completion, the transfer deed will be sent to the Land Registry to update their records and confirm the buyer is the new owner.