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Useful 'tips' on what to do and what not to do when buying or selling property

DO Make sure that you check and read through all documentation carefully and do not be afraid to ask your conveyancer about anything you are unsure of. To prevent delays, return all documentation as soon as possible or as directed by us.

DO If you are buying with the aid of a mortgage, make sure that you arrange this as soon as, if not before, you have agreed to purchase your property.

DO Make sure that you inform us as early as possible about any special arrangements or agreements you have made with the seller or buyer i.e. over fixtures and fittings.

DO When buying make sure that any monies payable i.e. Deposits, completion monies are easily accessible. Cleared funds will be required for all payments before they can be used.

DO When selling make sure that you have copies of all planning consents and other necessary consents for buildings or structures that you may have built or erected on the property.

DO If you are planning to go away on holiday or business during your conveyancing transaction, please advise your conveyancer of the dates you will be away and of any contact numbers, and make sure there is no outstanding information needed from you before you go.

DO Ensure that you can supply details of the source of any funds that you will be using for the transaction e.g copy Bank Statement. Under the Anti Money Laundering regulations we are under a legal obligation to check evidence of how you have acquired these funds and failure to provide this information when asked could cause delay.

DO NOT Do not agree completion dates personally with the seller or buyer without checking with your conveyancer that the contracts are ready to be exchanged throughout your chain. The process is too complicated to predict completion dates and this is one of the most common causes for great anxiety and frustration.

DO NOT Do not financially commit yourself to anything or make other arrangements until you have confirmation that contracts have been exchanged. If necessary make tentative arrangements only.

DO NOT Do not when selling, cancel any existing mortgage payments (if any) until you have confirmation from your conveyancer that contracts are exchanged.


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