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

Pre- Completion

  • 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.

  • 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.

Completion

Montrose Conveyancing Ltd of Unit 12b Newent Business Park, Newent, Gloucestershire, United Kingdom, GL18 1DZ. Private Limited Company (Company number 12026728).

Head of Legal Practice: Katie Nicholson

Head of Finance and Administration: Andrew Graham

Email: legal@montroseconveyancing.com

Tel: 01531 825860

Fax: 01531 825860

CLC Licence Number: 11851

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