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Process

1. The process of conveyancing is similar to the traditional process in that they will carry out the usual searches and enquiries with the seller's solicitors.

2. The difference between a conventional transaction and an Islamic mortgage is that on exchange of contracts you will assign the benefit of the contract to the financier and the eventual transfer of the legal title will pass to the financier and not you.

3. With regard to the actual finance, the Solicitor will receive details of it from the financier. They will then make arrangements to advise you upon the documentation and for you to sign all the relevant papers.

4. Once the Solicitor has the results of your searches and received satisfactory replies to our enquiries, they will proceed to exchange contracts and complete the matter.

 

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