Ensure Digital Signature Legality for Mortgage Quote Request in United Kingdom

How to eSign a document: digital signature legality for Mortgage Quote Request in United Kingdom

[Music] hello and welcome back to this week's top tips today I'm going to share my inside guide to property conveyancing that tricky process where a property gets legally transferred from one owner to another now you can do this yourself but it's often complex and laborious so I'd advise leaving it to the professionals that way you're covered by their insurance should anything go wrong if you're worried about costs or finding the right solicitor who can reduce the risk of the deal falling through use the link of this feature and we'll connect you with a legal professional from an approved panel conveyancing goes in stages and it's worth sticking with me so you understand the whole process trust me the more you know the less stressful it will seem let your solicitor know and give the selling agent your solicitors details the estate agent will give your solicitor a Memorandum of sale with details of the property the agreed price any special terms and the sellers details assuming you need a mortgage to tell your financial advisor so they can start the application process legal stage one is what happens before you exchange contracts your mortgage company will carry out a valuation and you might also have a survey done on the property there's a useful episode on surveys in this series so do check that out too meanwhile your solicitor works on the draft contracts and we'll send you a property information form plus of fixtures fittings and contents form for you to check behind the scenes your solicitor will be busy checking local searches through the council and asking the sellers solicitor about boundaries planning permissions neighbor disputes and so on once this is all done a completion date is set by now you should have your formal mortgage offer in writing so things are ready to start moving legal stage 2 is exchange of contracts this simply means that your solicitor gives you the mortgage deed and deed of transfer to sign then these go to the seller solicitor and hey presto contracts have been exchanged at this stage your deposit is sent to the sellers solicitor and your solicitor will give you a completion statement showing everything you need to pay on completion including legal fees Land Registry and stamp duty finally legal stage 3 is completion your solicitor is in charge of transferring your mortgage money to the sellers solicitor the final paperwork such as title deeds and transfer documents can go to you or you can ask your solicitor to hold them on file for when you come to sell although if you have a mortgage then the mortgage company will probably ask to hold them the solicitor registers you as the new owner with the Land Registry and lets your mortgage company know crack open the champagne you have a new home thanks for listening please subscribe and I look forward to being with you next time [Music] you [Music]