Selling a house

Selling a House - Process

• STEP 1 - Instruct a solicitor to act on your behalf
  • • To begin the process, you will provide initial instructions to a Solicitor or Conveyancer to act for you. Instructions should normally be confirmed to you in writing, together with written information relating to the costs of the matter.
    • We will then ask you to provide proof of your identity and ask you to complete various forms relating to the property you are selling.
• STEP 2 - Prepare draft sale contract and supporting documentation
  • • We will obtain official copies from HM Land Registry, prepare a draft sale contract and send this to the buyer’s Solicitor along with various property forms completed by you and any other relevant documents.
    • If you have a mortgage on the property, we will contact your mortgage provider to request a statement showing how much money is outstanding to redeem your mortgage.
• STEP 3 - Enquiries
  • • The buyer’s Solicitor will review the documents sent by us.
    • In the event the buyer’s Solicitor have any queries about the property, they will contact us and we may refer to you in order to respond to their enquiries.
    • This can be a lengthy process depending on the number of enquiries raised.
• STEP 4 - Sign paperwork
  • • Once the buyer’s Solicitor is satisfied with our response you can then sign relevant paperwork.
    • We will discuss a completion date (i.e. moving date) with all parties involved.
• STEP 5 - Exchange of contracts
  • • Written contracts will formally be ‘’exchanged’’ – both parties will be legally committed to the transaction.
    • The buyer’s deposit (usually 10% of the purchase price) will be paid to us and the completion date (i.e. moving date) is set.
• STEP 6 - Completion date (moving date)

  • The buyer’s solicitor will transfer the remaining money to us.

    Once received:

    • We will pay your existing mortgage; and
    • You are required to leave the keys with the estate agents (or otherwise as agreed); and
    • All the agreed costs of acting in your sale will be settled; and
    • The remaining sale of proceeds will be sent to you.