Are you purchasing with a mortgage?Tom
Thanks for your question. I will try to help.
Your solicitor should be able to get most of the pre-contract work done in the property that you are purchasing fairly quickly.
In particular, you should ask for them to carry out searches on the property as soon as possible. They will likely be able to do this before they have even received the draft Contract/supporting documentation from the seller’s solicitor if they have not already done so.
As to your mortgage, if you are intending to ask for your lender to carry out a home buyer’s report (rather than a simply valuation) then I would contact them immediately and tell them so that they can give you a list of providers that you can use to get a report done as quickly as you choose. This can then be provided to the lender and to your solicitor.
So, they work on the purchase can be done quickly.As to the sale the only thing you can really do since you do not have a buyer yet is to complete all the necessary forms that your solicitor provides to you. Chiefly, these are the property information form, fittings & contents form and possibly an overriding interests form. Your solicitor will need to send these to the buyer’s solicitor as soon as you have agreed a sale so if you wish to proceed quickly then it would make sense to complete these and give them to your solicitor so that they are ready to go once you have accepted an offer.
Practically, it’s likely that you will proceed at the speed of the buyer/buyer’s solicitor of your current property since you are further ahead in your purchase than in the sale.
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Absolutely correct. Once your solicitor has been provided with the contract/documents from the seller's solicitors he can carry out all the work up right up to exchange of contracts (assuming you arrange your mortgage offer).
Please do remember to leave feedback.Tom
They will require it repair upon completion, so your solicitor will get you to sign a letter of authority to your lender so that they will send your solicitor a redemption statement confirming the precise amount of monies to be repair upon completion. Your soliciotr will likely send you this letter with the property information forms..Tom