The Purchase Journey

On average how long does it take to receive ALL Conveyancing Searches?

• 1 Day

• 1 Week

• 3 Weeks

• 1 Month

What is the UK Finance Handbook?

• A list of Lender criteria Conveyancers need to comply with

• Guidance on answering Solicitor enquiries

• Instructions relating to Complying with Money Laundering

• Internal Accounts Policy

SDLT stands for?

What does TIC stand for

When should a Conveyancer request Mortgage funds to ARRIVE for?

• On the day of Completion

• One week prior to Completion

• One working day prior to Completion

• One working day after Completion

How many days notice do Mortgage Lenders usually require to send mortgage funds to the Conveyancer

• 1 Working day

• 10 Working Days

• 7 Working days

• 5 Working days

What information is contained in the Sales Memorandum (Sales Memo)?

• Buyers details

• Sellers Details

• Price

• Photographs of Property

• Solicitor Details

What initial information should we ask the client for on their Purchase?

• Stamp Duty questionnaire

• Are they holding the property as Joint Tenants or Tenants in Common

• Source of Funds

• Mortgage Offer

What happens once Contract Papers are received from the sellers solicitors?

• The Title is checked and enquiries raised

• We Exchange Contracts

• Searches are requested on the property

• Keys are handed over by the seller