How a Bidding session ends

Once the Bidding session ends the winner proceeds to complete the legals for the purchase.

In accordance with the Buyers Contract with CBH, the buyer will proceed to appoint a conveyancing solicitor, and a draft purchase agreement will be signed for the property.

The appointed solicitor will proceed to complete the purchase with immediate communication with the selling solicitor.

Both buying and selling solicitor will be in possession of the CBH Service Level Agreement (SLA) which sets out the expedited conditions under which the property will be conveyed.

Once the two respective solicitors have spoken CBH, buyer and seller will be informed of the Completion Target Date (CTD) that has been set by the solicitors for completion of the property.

Buyers and sellers are advised in their documentation to be prepared for vacant possession to take place on this day regardless of any change in their circumstances.

Any private arrangements can be made between buyer and seller for the date of occupation of the property, but the legal transfer of the ownership is fixed to that date.