Title Documents

These documents show who owns a property and are registered with the Land Registry or the Registry of Deeds. They are held by the bank/building society who have a mortgage on the property in question.

• Where are the Title Documents of the property currently held?
• Authorise Paul W. Tracey Solicitors to obtain (take up) these Title Documents.
• All Lending Institutions charge a Fee for taking up Title Documents. This can range from  25.00 to  40.00 depending on the institution.

Previous/existing Mortgage

• Calculate what's left to pay on your mortgage (redemption). Exact figures will be formally requested for the date on which it is to be finalised.
• All lending companies charge a fee for this process (Discharging a Mortgage from your Title). This can range from  30.00 -  50.00 depending on the lender.

Arrange adequate finance to take account of all possible expenditure

• Discharge of any previous Mortgage (if not a Top-Up loan) and any other charges registered against the property
• Legal Fees and Outlays
• If extending or altering the property, the cost of obtaining full planning permission
• An Architect who will certify that Planning Permission and Bye Laws have been complied with. You will also need to serve a Commencement Notice to the Local Authority.
• Building Insurance
• Mortgage and associated outlay costs (including Life Insurance)

Notes

In the Conveyancing process, it is standard practice for Legal Fees and Outlays to be paid on or prior to the Purchase closing date (i.e. the date the Loan Cheque issues). A full and detailed statement of account will be provided to you at that stage. If sale falls through, prior to completion, we will amend our costs estimate to reflect work done to date based on our hourly rate plus outlay incurred.