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Process for Selling

Conveyancing Process for Selling a Property

  1. Seller instructs a Conveyancer.
  2. Seller’s Conveyancer will obtain ID documentation & proof of address and thereafter confirm instructions via Client Care letter/ Terms of Business.
  3. Seller’s Conveyancer will then send the Seller the Property Information Form and Fittings and Contents Form for the Seller to complete. Leasehold properties will require additional information and the Conveyancer will need to obtain a Management Pack.
  4. Seller’s Conveyancer will obtain up-to-date official copy entries of the title Register at the Land Registry and details of any existing charges/mortgages from the Seller.
  5. Seller’s Conveyancer will then prepare a Draft Contract along with any supporting documentation and send the same to the Buyers conveyancer.
  6. Buyer’s Conveyancer will approve the draft Contract and check the supporting documentation provided. Thereafter they will prepare the draft Transfer and raise any pre-contract enquiries.
  7. Buyer’s conveyancer is to confirm receipt of the engrossed Contract/Transfer and have acceptable search results, satisfactory replies to the precontract enquiries and confirm receipt of a mortgage offer.
  8. Seller and Buyer are to agree a completion date and Contracts are formally exchanged (Thus legally committing both parties). Sellers Conveyancer will then obtain a redemption amount for all existing charges/mortgages affecting the property.
  9. On Completion the Seller must vacate the property and make arrangements with regards to the handover of keys. The Buyer’s Conveyancer will transfer the completion funds to the Seller’s Conveyancer. The Seller’s Conveyancer will then discharge any charges/mortgages affecting the property, pay any estate agents fees and their own costs in relations to the conveyancing.
  10. Once all payments have been made, the remaining monies will then be transferred to the Seller.