Breakdown of responsibilities under Purple Bricks model
The Seller (YOU) is responsible for:
- Entering lawyer details on the online platform within 24 hours of agreeing to an offer;
- Ensuring the lender has all the relevant information to proceed with the loan;
- Ensuring the lawyer has all the details and paperwork they need;
- Chasing the lawyer for paperwork and progress;
- Agreeing exchange and settlement dates.
The lawyer or conveyancer is responsible for:
- Ensuring the lender has all the relevant information to proceed with the loan (both buyer and seller lenders)
- Advising and supporting the seller in relation to problems arising in building & pest reports, strata inspection, or mortgage position
- Obtaining leases and legal documentation as well as liaising with the buyer’s lawyer
- Agreeing exchange and settlement dates
Purple Bricks’ support team is responsible for:
- Ensuring that the seller has put their lawyer’s details onto the platform
- Ensuring that the mortgage arrangements are in place
- Advising and supporting the seller in relation to problems arising in building & pest reports, strata inspection, or mortgage position