The Sale Transaction Process
Instruct a Conveyancer
-
You will need to sign and return the Client Care Letter & Terms of Engagement.
-
You will need to send your Conveyancer photo ID and proof of address.
-
You will need to complete and return all forms and paperwork issued in the initial pack.
-
Your Conveyancer will request the title deeds from you or your lender (if applicable).
-
Your Conveyancer will obtain Official Copy Entries from HM Land Registry.
-
Your Conveyancer will request a redemption statement from your lender to redeem any outstanding mortgages (if applicable).
Obtain
Deeds
Draft
Contract
-
Your Conveyancer will prepare the draft Contract.
-
Your Conveyancer will send the Contract pack to the Buyer’s Solicitor.
-
Your Conveyancer will receive enquiries about the property from the Buyer's Solicitor.
-
Your Conveyancer may liaise with you for replies to some of these enquiries.
-
Your Conveyancer will need confirmation from the Buyer’s Solicitor that they are satisfied with the given replies.
Enquiries
Pre-
Exchange
-
Once the Buyer’s Solicitor has approved the draft Contract, your Conveyancer will send the Contract to you for signature and return.
-
Potential Completion dates will be discussed with you and the chain.
-
Your Conveyancer will exchange contracts on your behalf.
-
This is the point where all parties are committed to the transaction.
-
The Completion date is set.
Exchange of Contracts
-
Your Conveyancer will request an updated redemption statement from your lender to redeem any outstanding mortgages (if applicable).
-
Your Conveyancer will send you a Transfer Deed to sign and return prior to Completion.
-
You will receive a Completion Statement showing the financial side of the transaction.
Pre- Completion
-
Your Conveyancer will receive the purchase monies from the Buyer’s Solicitor.
-
Your Solicitor will pay off any mortgages, estate agent fees and deduct their fees from the sale proceeds.
-
The remainder of the funds will be sent to you.
-
You must vacate the property.