Once all searches and enquiries have been made, and Bransgroves Lawyers are ready to settle, the next step is certification as to title. This involves Bransgroves Lawyers certifying that if the lender transfers the advance funds into the Bransgroves solicitors’ trust account the lender will receive good title to the mortgage described in the certification.
The certification as to title lists and annexes the various searches that Bransgroves Lawyers have done. This includes an extensive checklist of all steps taken, searches made and search data scrutinised. Any qualifications are also noted, the major qualification is that Bransgroves Lawyers accept no responsibility for the value of the security.
The certification as to title serves as the retainer agreement between the private mortgage lender and Bransgroves Lawyers.