Took correspondence between our Solicitor and Vendor's Sollcitor which was 2 days Old,which confirmed our side was holding Funds to transfer for Completion on XXX property on XX date. Preliminary correspondence, from Solicitor was also included which gave formal information of property and intended Completion. This was all original letters, and although I cannot be sure have an idea ECO may have checked with Solicitor as Completion was taking place that day.Hi Skyf, what did your written confirmation from the solicitor say? Also did you write in Appendix 2 that you own the property?
We completed app giving details of property being purchased, remembering our sale was 99% certain as we had made a deposit and our Premium apt was 14 days from application, so that cut down any potential pitfalls. Took documents already stated withus to Appointment.Thanks Skyf that’s been very helpful. One final question on Appendix 2 when it says ‘does your sponsor own this property?’ we have put the new property in 2.1. As we technically don’t own it yet do we write no and explain in the box about the completion date. Or did you write ‘yes’ because completion was happening at the same time?
Seems either you or the Seller have nominated an Attorney to act on your behalf ( usually the Solicitor). What ever happens your Solicitor should be in possession of a Signed Contract. Should be the one signed by the Seller, whose Solicitor will have your signed Contract. That is often the best way although Solicitors can act in a rather different way taking each other's verbal exchanges as being adequate. In your case ask your Solicitor for a validated copy of the Seller's Agreement.We will be exchanging via telephone and they there will be 2 separate but identical contracts. Each contract will be with the respective solicitor does this change anything ? As there will be 2 documents.
The Contract should have an indicative date of Completion, which should not be too far into the future. The Mortgage offer is important, it is likely to be time barred which will tie up with the Contract Completion date. Assume there is no Chain involved?Hi skyf
We now have signed contract in one document we were wondering whether providing the 10% funds heild as stakeholder as well as the other documentation Accommodation letter of introduction, Confirmation of acceptance from vendor, Mortgage offer document, Property information with pictures, , Property reservation confirmation, Memorandum of sale,Land Registry plan. Is sufficient
If not what else do we require ?
The Contract is within a Calendar month is fine. Mortgage offers are usually time-limited and for a specific property. The address should tie up on the offer, and your Solicitor is/should be liasing with the Bank. That is fine. Good practice to get the Solicitor to confirm to ECO, not essential but it does cover all bases. Are you applying for Premium Appointment soon?The contract does have a completion date on it, which is 9 November. Is that too far in the future? The mortgage offer document was early on in the process before acceptance of the offer on the property. Do I need to contact my bank and ask them to provide me with an updated one? I do not have another property but the person I am buying from is moving to another property.