Sale of a Property
Once you have
accepted our quotation you will receive a letter from us providing you with our
terms of engagement and an introduction to the conveyancing team, we will
supply you with some protocol forms together with a client questionnaire which
we will ask you to complete and return to us.
Once you have completed and returned these we shall request your title deeds
from your mortgage lenders (if they hold the same) and also apply to the Land
Registry for office copy entries (a copy of title to the property). These
are required to prove evidence of ownership to the buyer.
The draft contract
can then be prepared and sent to the buyer’s solicitors, who will in turn
request their local, drainage and other searches against the property you are
selling. With your help we will then answer any additional enquiries that
the buyer’s solicitors raise. Once all enquiries have been dealt with we
will then ask you to sign the contract.
Once everyone is ready and the contracts have been signed we can then proceed
to exchange. At this stage the sale becomes legally binding and a
completion date (i.e. the date that you wish to move out of your house) will be
inserted in the contract. The buyer’s solicitors will also pay over to us
a deposit which will be held by us until the day of completion.
The buyer’s
solicitors will then send to us a transfer deed so that the property can be
conveyed to the buyer upon completion of the house sale. We will then
read through this document carefully and once we are completely happy that this
is correct we will forward the same on to you for signature. At this
stage we will also request repayment figures from your mortgagees and prepare
the final accounts (or completion statements).
On the completion day we will receive the balance of the sale price in return
for which we will hand over the signed transfer deed and title deeds to the
buyer’s solicitors.
Finally on the day
of completion we will arrange to repay your existing mortgages and pay the
Estate Agents (where appropriate) and refund any surplus monies to you.
If you are buying another property then the surplus monies will be transferred
to your purchase file. We will send all monies to you on the day of
completion by whatever means you require and write to you confirming that your
sale has been completed – until next time when we hope that you will return to
us!
