Stage 1: Reserve a Property with CityRise
Once the reservation fee is received, the Memorandum of Sale instruction will be sent to the developer’s solicitor to draw up the necessary paperwork to complete the purchase. At this stage you should look to instruct a solicitor. Although we strongly advise using our recommended solicitor for their quality of service and familiarity of development, this is not obligatory.
Your solicitor will receive your Memorandum of Sale you will be issued some initial client care letters to sign, this will contain personal and property details, and in most cases, search fees.
Stage 2: Legal Packs & Contracts
The developer’s solicitor sends out a legal pack to your solicitor to read through. This will include contracts and leases, amongst other things. Once your solicitor has received the instruction pack, they will apply for searches to check for any potential problems that might arise in the future. These searches include everything from local planning and drainage searches to environmental and flood risk searches.