Sale And Purchase Of Freehold Notes

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Sale & Purchase of a Freehold Seller Take instructions:Due diligence checks on client's identity (and ensure that it is a company, etc.)Check for money laundering Prepare pre-contract package:Draft contractEvidence of seller's legal title to the propertyPre-contract search results to forewarn them of any problemsAny consents for Planning Permission/Building Regs

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Buyer Take instructions:Due diligence checks on client's identity (and ensure that it is a company, etc.)Check for money laundering

Investigate title:Analyse pre-contract packageIdentify defected titelDoes seller have good title?If also acting for Lender, prepare a report on title for them at this point. Is it worth the money advanced Pre-contract searches:Note: caveat emptorThis is very importantCheck buyer's finances: does he have enough, considering deposits, fees and SDLT?
Approve draft contract:Return the contract to SsolState that you

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