1 APPOINT A SOLICITOR
Contact your Solicitor to take up your Title Deeds.

2 LOAN PACK RECEIVED
On receipt of your written Authority your Solicitor will take up your Title Deeds from your Bank/Building Society. This takes approximately two weeks and at this stage your Solicitor will pay a scheduling fee to your Bank/Building Society on your behalf.

3 LOAN PACK RECEIVED
Once your new Bank/Building Society has formally approved your loan in writing on the basis of the value of the house and information furnished by you, a formal loan pack is issued. Normally a Letter of Offer setting out the main details of the loan is issued to you and the Loan Pack comprising Mortgage Documentation, Acceptance of Letter of Offer and Assignment etc., is issued to your Solicitor.

4 SIGN LOAN PACK
When your Solicitor has checked the Loan Pack and discussed key terms with you, various documents are signed and completed to enable the Bank/Building Society proceed.

5 REDEMPTION FIGURES OBTAINED
Your Solicitor obtains redemption figures being the amount required to redeem your existing loan calculated to the scheduled completion date (if applicable).

6 LOAN CHEQUE
Loan cheque is received.

7 MORTGAGE COMPLETION
Your old loan(s) is/are paid off from the loan cheque.

8 ACCOUNT TO YOU
Your Solicitor will account to you for the balance immediately following completion of paying off your mortgage. Usually your Solicitor will deduct the cost of re-mortgage from the balance left over after redeeming your old loan.

9 STAMPING/ REGISTRATION
Following signing by you of the Mortgage Document your Solicitor will proceed to stamp the Mortgage and then register same by lodging the Title Documents in the Land Registry/Registry of Deeds. Registration can take months, if not years, depending on the County and type of property involved.

10 TITLE RETURN
Your Solicitor, on completion of registration, returns your Title Deeds, to your Building Society together with a Certificate confirming that you have a good marketable Title. Usually, you will be notified that registration has completed and the Title Deeds have been returned. At this stage your Solicitor closes off your file.