You must complete these forms very carefully, providing accurate information and full answers to the best of your knowledge. These forms will be sent by us to the buyers’ solicitors and the buyers may be entitled to take action against you if you provide incorrect answers.
Step 2
We will also need to obtain the Title Deeds. If you have a mortgage these may be held by your mortgage lender. If you do not have a mortgage, you should know the whereabouts of your Deeds. Once you have supplied us with your existing mortgage account number(s) we can request the deeds and an initial redemption figure.
We will provide the buyers' solicitor with a copy of the Title Deeds to prove that you own the property and to show them any conditions, covenants or rights that affect the property.
Step 3
Once we have received all of the above we will send an information pack to the buyers' solicitor. This consists of:
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Your completed forms |
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A copy of the Title Deeds |
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The draft contract for approval |
Step 4
We will then await a response from your buyers' solicitors and respond to any queries raised. We now have to wait until the buyers' are ready to proceed to a formal exchange.
Step 5
Once we know that the buyer is ready, or almost ready, to exchange we will ask you to sign the contract. You may either attend the office where your legal advisor will go through the details of the contract with you, or we can send the contract out to you for signature.
Step 6 – Exchange of Contracts
If you are happy with everything, then we will be ready to exchange contracts . At this stage the completion date becomes fixed and the contract becomes binding. You can now confirm the arrangements and dates with your removal company.
Step 7 – Sign the Transfer
We shall now contact your mortgage lender (if you have one) to obtain a final redemption figure, calculated to the completion date. We shall also ask you to confirm any estate agents’ fees and to sign the transfer.
Step 8 – Completion
This is the day that you actually move house. We will receive the sale proceeds from your buyer's solicitors and use this to pay off your mortgage lender and to pay the costs of the sale i.e. your estate agents’ fees and our legal fees. Any remaining money will be sent to you, unless it is being used to fund an onward purchase.
Step 9
When you vacate the property you should deposit the keys with your estate agent, unless other arrangements have been made. Once we have received your funds, we will instruct the estate agents to release the keys. The buyers will then own the property and can move in. Ideally, you should aim to vacate the property before lunchtime on the day of completion.
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