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Step
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We will
ask you to fill out a Fixtures, Fittings and Contents
Form and a Property Information Form. These forms will
be included in the "Information Pack" which
we will send to your Buyers Solicitors.
We will obtain the Title Deeds to your property. If you have a Mortgage
the Deeds will be with your Bank or Building Society.
After we have received the completed forms from you and the Title
Deeds (or a copy of your Deeds from HM Land Registry) we will prepare
the Contract and the "Information Pack" can be sent off.
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Step
2 |
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Once your
Buyers Solicitors have the "Information Pack" they
will set about checking the documents and undertaking
the Local Search and any other required searches.
Often a considerable number of questions are raised by Buyers Solicitors
- these can relate to matters such as guarantees, planning permissions,
building regulation approvals, queries over boundaries, etc. We will
discuss with you any questions which we cannot answer from the information
with the Deeds.
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Step
3 |
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Once all
the enquiries have been dealt with and the Buyers have
a Mortgage Offer (if they are obtaining a Mortgage),
a Completion Date is then agreed. This is the date
of the actual move. We can then proceed with Exchange
of Contracts. After Exchange of Contracts has taken
place there will be a legally binding agreement and
neither party can withdraw.
If there is a long "chain" every party in the chain must
be ready to Exchange and agree on a Completion Date.
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Step
4 |
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During
the period between Exchange of Contracts and Completion,
we will obtain a final Redemption Statement from your
mortgage lender. This will specify the amount required
to fully discharge the Mortgage on the day of Completion.
We will prepare a statement showing how much will be
due to you and make arrangements for you to sign the
Transfer Deed (this is the document which will transfer
the property to your Buyers).
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Step
5 |
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On the
day of Completion we will receive the balance of the
sale money by bank transfer. At that stage we will
ring the Estate Agents to confirm that the keys can
be released to your Buyers. Receipt of the money from
your Buyers Solicitors will signify Completion of the
transfer of the property.
Following completion we will settle your account with the Estate
Agents, pay off your Mortgage, send the net proceeds of sale to you
and forward the Title Deeds to your Buyers Solicitors.
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Step
1 |
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The Sellers
Solicitors will prepare an "Information Pack" which
will include a Fixtures, Fittings and Contents Form
and a Property Information Form. We will also receive
a copy of the Title Deeds to the property and the Contract.
When we receive these documents we will check them and will then
report to you on all aspects of the property. This will be by way
of a written report (in plain English) or if more convenient for
you, by way of a meeting.
We will also undertake a Local Search and any other required searches.
For certain types of properties or homes in certain areas additional
searches are required - for example, properties in coal-mining areas
may require a Mining Search.
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Step
2 |
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The paperwork
we receive may give rise to certain questions. We will
raise any necessary questions with your Sellers Solicitors.
They may relate to matters such as guarantees, planning
permissions, building regulation approvals for extensions
or alterations to the property or ownership of boundary
hedges and fences.
Importantly, we will also require confirmation from the Sellers Solicitors
that any existing Mortgages on the property will be paid off on Completion
of your purchase.
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Step
3 |
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If you
are obtaining a Mortgage your mortgage lender will
forward a copy of the Mortgage Offer to us. We will
not be able to Exchange Contracts until the Mortgage
Offer is received.
When the Mortgage Offer is received we will calculate the amount
of money which will be required from you for Completion. A "Completion
Statement" will be prepared and sent to you.
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Step
4 |
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Once we
have received the search results, replies to all questions
and your Mortgage Offer, agreement can be reached on
a Completion Date.
If there is a long "chain" every party in the chain will
need to be ready to Exchange and in agreement on a Completion Date.
After Exchange of Contracts has taken place there will be a legally
binding agreement and neither party can withdraw.
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Step
5 |
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On the
Completion day we will forward the balance of the purchase
money to the Sellers Solicitors by bank transfer. Upon
receipt they will confirm to the Estate Agents that
the keys can be released to you.
Following completion the Sellers Solicitors will forward the Title
Deeds to us and we will register your ownership at HM Land Registry.
Following completion of the registration we will forward a copy of
the Land Registry Certificate to you.
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