Step 8: Making your offer
While your mortgage provider is beavering away approving (hopefully) your application, your solicitor will be working to finalise the details of your offer. Every element of the agreement between you and the seller has to be negotiated, agreed and clearly set down in the contract, known in Scotland as the 'missives'. You can discuss the date of entry you want (i.e. when you want to get the keys), what is or isn't included in the sale (usually anything permanently fixed will be included), and any discounts (for example if the seller has commissioned repairs that haven't been made or paid for yet). All these things, and many others, will be set out in the missives, and your solicitor will go through them with you in detail before you formally agree terms (or 'conclude the bargain'). At this point you are legally obliged to fork out the cash on the agreed date, and similarly the seller is legally obliged to vacate the premises.
While your mortgage provider is beavering away approving (hopefully) your application, your solicitor will be working to finalise the details of your offer. Every element of the agreement between you and the seller has to be negotiated, agreed and clearly set down in the contract, known in Scotland as the 'missives'. You can discuss the date of entry you want (i.e. when you want to get the keys), what is or isn't included in the sale (usually anything permanently fixed will be included), and any discounts (for example if the seller has commissioned repairs that haven't been made or paid for yet). All these things, and many others, will be set out in the missives, and your solicitor will go through them with you in detail before you formally agree terms (or 'conclude the bargain'). At this point you are legally obliged to fork out the cash on the agreed date, and similarly the seller is legally obliged to vacate the premises.
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