What Does My Solicitor or Conveyancer Need to Provide My Mortgage Lender When I Am Buying a Property?

Potential homeowners and borrowers who are researching the various aspects of purchasing a property may want to learn more about what their solicitor or conveyancer needs to provide their mortgage lender with when buying a property. Conveyancers and solicitors are licensed professionals who provide borrowers with assistance throughout the home-buying process. 

A borrower’s solicitor or conveyancer will need to provide their mortgage lender with the loan details, the property address, the offer date, the settlement date, the certificate of title information, a certified copy of the contract of sale, the purchase price of the property, and more. 

Solicitors and conveyancers provide a wide variety of services and are responsible for various duties, including the following examples:

• Identifying the property’s certificate of title
• Ensuring that all property dues are paid, including strata fees, water, council rates, and government fees
• Preparation and certification of the stamp duty application form, the transfer of land, and the authority to proceed to settlement legal documentation
• Attending legal settlements and transferring property ownership
• Ensuring all documentation is correct before forwarding to the borrowers mortgage lender

A borrower’s solicitor or conveyancer will need to provide their mortgage lender with the loan details, the property address, the offer date, the settlement date, the certificate of title information, a certified copy of the contract of sale, the purchase price of the property, and more.