- CONTRACT OF SALE
buyer's solicitor supplies particulars of title to his mortgagees (a
bank, building society, credit union, etc) so the mortgage can be
prepared and submitted for signing.
legal costs are cheaper in borrowing from a bank because banks
prepare their own mortgages. In many cases, building societies do so
as well. Most other lenders use solicitors and those solicitors'
costs must be paid before the loan is made available.