If your bid is successful, the seller's solicitor will reply in writing with their conditions.
This exchange of letters – or ‘missives’ – continues until everyone’s happy with the conditions.
The final missive is a binding contract. This means neither you nor the seller can back out without having to pay compensation.
Your solicitor will prepare several documents. These include a ‘Disposition’ which will transfer ownership of the property to you.
You need to make sure your solicitor gets all the funds needed ahead of the settlement to cover the whole purchase price, any Land and Buildings Transaction Tax and title registration.