Once you’ve found and your offer is accepted..
So you’ve found your dream home, this might have already been a long journey but now is when all the fun starts. Once you have an offer accepted on the property you will need to quickly ‘instruct’ your solicitors. Instructing a solicitor is basically telling them to act on your behalf to legally own the property, the owner of the property will also do the same.
Once both solicitors are instructed you will need to hand them your proof of funds (ie, deposit in your bank and mortgage in principle), identification. Then both solicitors with act together to draw up contracts on the property and begin land searches. When all the contracts are drawn up the solicitors will pass them off to be signed. Read your contract, although it is a lot of legal jargon it may have some bits you will wants to query with your solicitor. Once this has been signed and passed back to your solicitor this is the ‘exchange of contracts’.