Preparing for settlement / handover
Preparing for settlement/handover
The final step of the purchase process is preparing for settlement or handover of the property. This will include gathering the remaining money payable to the seller. We will work with your solicitor/conveyancer to give you the easiest method of completing your settlement. You will also have the opportunity to do a final inspection the property to ensure that it is still in the same condition as when it was sold to you. You do not have to attend the settlement. It is done electronically by the lender and the respective solicitors/conveyancers of all parties.
Congratulations! Once settlement is completed, you will be the official owner of your property and your loan begins from that day onwards!
Your first repayment will be due on repayment period after settlement.