Understand the outstanding loan, the lender’s requirements and how original documents will be released. The payment and registration sequence needs advice for the particular transaction.
Find out where the papers are now
Ask the seller which lender holds the originals and what written information is available about closure. Keep the lender’s communication with the sale documents. If the buyer is borrowing too, both lenders’ processes may affect the plan. Avoid assuming the originals can be handed over immediately after one transfer without checking the actual arrangements.
Write down the proposed sequence
Ask who will communicate with the seller’s lender, how the outstanding amount will be confirmed and when originals are expected to be released. Give this information to your own lender and legal adviser where relevant. If the plan changes, circulate the revised sequence. Everyone should be working from the same arrangement before funds are committed.
Before the appointment
- Collect current lender communication concerning the proposed closure.
- List original documents in custody and available copies.
- Identify all parties involved in the payment sequence.
- Raise any mismatch between the draft and lender instructions.
The next step
Share the loan information early and ask for a clear sequence covering payment, release, registration and handover. Resolve gaps before committing funds.
Should I pay first and sort out the originals later?
That is a transaction-specific risk decision requiring advice. Do not rely on a general website guide to determine the sequence.
Related reading
For current records and requirements, use the official sources below. Advice about your own property needs a review of its documents.
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