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Buying - Draft contracts?
bluedrop
Posts: 662 Forumite
Hi all,
Can someone please tell me - At what stage are the draft contracts sent by the sellers solicitor ?
Can someone please tell me - At what stage are the draft contracts sent by the sellers solicitor ?
There is more to life than increasing its speed.
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Comments
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I was under the impression, this is the first document that is sent from the sellers solicitor to buyers solicitor.0
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mrsmchapman wrote: »I was under the impression, this is the first document that is sent from the sellers solicitor to buyers solicitor.
thank you. Do you know at what stage this is sent?
Soon after the solicitors are instructed? or after survey ?? or after the searches?There is more to life than increasing its speed.0 -
I didn't think searches started until the draft contract was received. So usually it isn't long after solicitors instruction.0
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Some time before Exchange. There is no rigid timetable.
Why are you asking? If you feel there is a delay- ask your solicitor.
If you want to understand the process, buy or borrow (library) a book on DIY conveyancing.0 -
If the Local Authority needs a plan before it will do a local search, the draft contract is needed sharpish.
TBH most vendor's solicitors get the draft contract out as soon as they have the information they need from their client to do it.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
My solicitors received the draft contact within a week of the offer being accepted. They seemed to indicate that this was quick, but not too far outside the norm.House Buying Tracker:
Offer Accepted: 8th March Mortgage Application: 8th March Survey Completed: 20th March Survey Report: 22nd March Mortgage Offer: 26th March Exchange: 25th April Completion 22nd May - 11 Weeks0
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