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Purchasing

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Purchasing Your Property

Instruct Evolve Law

Once you are happy with the bespoke quote that you have received by email, please click the blue button at the bottom which will take you to a simple form to be completed online. Once we have received this, we will confirm that we are acting on your behalf to the lawyer chosen by your seller and the process can begin. You will receive a Welcome email from us which will outline what we require next.

Client Due Diligence

Evolve Law are obliged to check your identity and the source of the funds which you intend to use to purchase the property before moving forwards with the transaction.

Mortgage Application

Meanwhile you will have formally applied for the mortgage and once an offer has been sent out by the lender, we will approve the terms and sent a Mortgage Report to you for approval.

Contracts Received

We will receive a contract package from the seller’s lawyer that contains vital information about the property and will begin to raise enquiries which is where we seek clarification on legal points.

Searches

Once we are in possession of the contract package, we will request monies from you in order to apply for the searches. These are documents required by your mortgage lender, issued by the relevant council and private providers and they inform us about water & drainage matters in addition to environmental issues that we should be aware of. The searches usually take a few weeks to be sent to us but once we have received them, we will send a Search Report to you for approval. Should you not require a mortgage or your lender not require these, we can take out an indemnity policy on your behalf.

Enquiries Raised

Once we are satisfied with the responses from the other side, we will send you a Report on Title which will inform you about the purchase and all relevant information.

Contracts Signed

Upon confirmation that all parties are ready to proceed and we have completed a final file audit, we will ask you to sign your contract, TR1 (transfer deed) and mortgage deed.

Deposit Monies Requested

We will ask you to send the agreed sum for exchange of contracts.

Contracts Exchanged

Once all parties are happy that all outstanding matters have been satisfied, we will exchange contracts which legally ties all parties to the agreement to complete on a mutually agreed date, usually a week in advance. At this point you can start to book a removal van and look forward to moving in.

Completion

Moving day! The seller’s lawyer will confirm to the estate agent that the purchase has completed once they have received balance in full and will contact you to arrange to collect the keys to your new home.

How long should it take? Whilst timeframes can vary considerably due to various factors such as mortgage delays, chains, searches and leasehold managing agents, the average transaction time from the purchase being agreed to you moving in, according to the Homeowner’s Alliance, is almost 20 weeks. Thanks to our cutting-edge systems and superb staff, at Evolve Law we average around 12 weeks for a standard purchase.

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