"Traditional Values - up-to-date knowledge"
Step 1 First Contact
Step 2 Approving the Title
Step 3 Preparing for Exchange of Contracts
Step 4 Completion
When you first contact us our experienced Conveyancer Celia Earley will introduce herself to you and give you an estimate of our fees and out of pocket expenses for acting for you. We will also ask you for various details and documents. These include some personal identification, how you will raise the purchase price, whether you need a mortgage and whether you have any special requirements like a preferred moving date. We will write to the Seller's Solicitor to ask for the Contract papers.
We will check the Title and carry out local authority drainage and environmental and sometimes other searches against the property. Once we have approved the Title and received the results of the searches and any mortgage offer we will report to you on all aspects of the transaction.
You will sign the contract and provide us with the deposit money (usually 10% of the purchase price). We will agree a completion date with the Seller. We then exchange contracts with the Seller's Solicitor.
Once contracts are exchanged you will be legally bound to complete your purchase. If you have an associated sale, we will ensure that exchange and completion of the two transactions are synchronised to avoid the risk of your owning two properties or becoming homeless.
Once the Seller's Solicitor has received the balance of the purchase monies the keys will be released to you. We will notify the Inland Revenue of the transaction and will pay any stamp duty land tax which are due and register your ownership at the Land Registry.
The process for this is similar to that for buying a home. In addition we will ask you to complete some forms including a Seller's Property Information form and a Fixtures, Fittings and Contents form. Once we have these we will prepare and send Contract papers to the Buyer's Solicitor. We may need to reply to additional enquiries raised by the Buyer. If you are selling a property subject to any existing tenancy you will need to assign the benefit of the tenancy to the buyer.