Moving House
Moving home is a significant and exciting milestone, but it can also be a complex and stressful process. One of the most important decisions you’ll need to make is choosing the right mortgage broker to guide you through the process. By choosing Merit Mortgages, you’re not just getting a mortgage broker – you’re gaining a trusted partner to help make your move as smooth and stress-free as possible.
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Learn more about our full range of services here.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Understanding the Legal Side
Conveyancing is simply the legal process of moving the ownership of a property from the seller to you. Your legal supplier is there to protect your best interests, handle the paperwork, and get answers from the seller’s side.
When reviewing legal quotes, here is the jargon you need to know:
Legal/Solicitors Fee: The cost for the actual legal work involved in your purchase or sale.
Online ID Check: A mandatory, secure check to verify your identity and address for standard security procedures.
Telegraphic Transfer Fee: The cost to securely send large funds electronically so they arrive on the exact same working day.
HMLR Registration Fee: The official fee paid to register you as the brand-new owner with the Land Registry.
No Completion, No Fee: A fantastic guarantee meaning if your move falls through for any reason, you won’t be charged for your conveyancer’s time (though non-refundable costs already spent on things like searches can’t be given back).
Second Search Promise: If your house purchase falls through through no fault of your own, the property searches for your next attempt will be free of charge (terms apply).
