Stages of the Sale Transaction

  • Once you have accepted an offer on your property, drop us a line. We will provide a clear breakdown of our fees, specific to your case and provide contact details for your conveyancer.

  • Once we have opened a file for you, there will be some initial forms for you to compete for us.

  • We will obtain copies of the Deeds from the land registry and request a redemption statement

  • Your estate agents will provide us with the Particulars of Sale and we then prepare a contact package to send to your buyers solicitors

  • The buyers solicitors will check through all the paperwork, apply for searches and raise any enquiries that they may have with us. We may contact you for more information once enquiries have been received

  • If your buyer is purchasing with the aid of a mortgage the solicitor will be awaiting a mortgage offer. This can take a few weeks depending on the bank/building society and how quickly they carry out their survey or valuation report.

  • When we have replied to enquiries we will ask you to sign a Contract and a Transfer Deed in readiness for exchange of contracts. We like to get you signed up early so there is nothing to hold up the transaction from our side. We will also send you a draft Financial Statement at this stage so you have an idea of what monies will be paid out on completion.

  • When the buyers solicitor has received search results, a mortgage offer and satisfactory replies to enquiries, they will also ask the buyers to sign documents and provide deposit funds.

  • We will contact you to agree a mutually acceptable completion date, this is the date on which money changes hands between solicitors and the keys are handed in to the estate agents. Once a date is agreed, contracts can be exchanged and the agreement is now legally binding. The buyer will insure the property from the date of exchange.

  • Between exchange of contracts and completion, we will obtain a final redemption figure on your mortgage and obtain the estate agents account. Our final account will then be drawn up.

  • On the completion day, we will receive the sale price form the buyers solicitors via Bank Transfer. At this stage we will call you to confirm that completion has taken place and that they keys can be handed in to the estate agents. We will then redeem your mortgage, pay the estate agents, deduct our fees and send any balance to you as per your instructions