Once your offer is accepted (subject to contract), you call it ‘sale agreed’. Your solicitor will begin to work through all the legal aspects of the sale and will receive the memorandum of sale from the seller’s solicitor to confirm acceptance of the offer. The formal mortgage application now begins, and the seller’s solicitor sends copies of all relevant documents, including a draft contract of sale. Your solicitor will review these and prepare the documents for the exchange of contracts.
Sale agreed
Property Valuation