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Bankruptcy Search – A search made by the conveyancers to check whether a buyer or a borrower has been, is, or is about to be declared bankrupt.
Hips - From August 2007 it is now compulsory for anyone wishing to place a property for sale on the open market to compile a Home Information Pack, to include details of the title, local and water searches and replies to standard enquiries.
Completion Date – This is the date when the purchase becomes final and the Purchase Price is paid by the buyer’s conveyancer and received by the seller’s conveyancer. The seller must move out of the property on this date. The keys are released to the buyer and they may move into the property. |