Jeltz
Landlord.
OK well you need to have signed contracts, lodged deposit funds with your solicitor and then they ring the other solicitor and ask to exchange contracts, they will then pay over the deposit funds. Exchange is the point at which everything is legally binding and the completion date will be set in stone.
Prior to completion your solicitor will request the mortgage funds from your lender and then send that and any monies which were not part of the deposit to the seller's solicitor.
Prior to completion your solicitor will request the mortgage funds from your lender and then send that and any monies which were not part of the deposit to the seller's solicitor.