If you are looking to sell a property, our conveyancing experts will explain every step of the process to you, whilst ensuring the transaction is completed as swiftly and seamlessly as possible.
Once the sale of your property has been agreed and you have accepted an offer, your estate agents will send us through your Memorandum of Sale. This provides us with all the details of your offer and the buyer. We will then complete your starter pack if this has not already been done. We will send the buyer a copy of the title on the property and a draft contract which both you and buyer must sign. Please note that, if there is another adult living with you, who is not an owner of the property, they will also need to sign this draft contract.
If you have a mortgage on the property or any other additional loans, you will need to provide us with the details so that we can contact the lender to obtain a redemption statement. Upon receiving the contract pack, the buyer’s conveyancers will raise any relevant enquiries with us. We can usually answer many of these questions on your behalf but it may be that we need to contact you to discuss certain points.
We will then agree a completion date with the buyer’s conveyancers and exchange contracts, making the transaction legally binding. Once the date has been set, we will then get a final redemption statement from your lender.
On the day of completion, we will receive the balance of the sale price from the buyer’s solicitors. If there was a deposit held, this will also be released to you by whoever was stipulated in the contract to hold it. Once funds are received, we will send the buyer’s conveyancer the signed transfer and title deeds, if any. The transaction is now complete and you must ensure you have vacated the property.
We will take our fees and the estate agents fees out of the proceeds and pay the outstanding balance on your existing mortgage. You will then receive the remaining balance the next working day.
If you are looking to remortgage your property, our conveyancing experts will explain every step of the process to you whilst ensuring the transaction is completed as swiftly and seamlessly as possible.
Firstly, we will need to make our legal checks to satisfy your lender’s requirements. We will also assess the outstanding amounts on your current mortgage, as these will need to be repaid at completion.
Some lenders require that searches are made and will not rely on the insurance usually put in place. We will notify you if this is the case.
We will receive a copy of your Mortgage Offer which will include instructions to us from your lender. We will then send you the Mortgage Deed to sign. You must return this to us as soon as possible to avoid any delays.
Once the transaction is completed, we will handle the registration formalities and send any deeds to your lender.
When dealing with Leasehold:
If your property is leasehold, we will need to request confirmation from your landlord that any service charges and ground rent have been paid to date. We will also notify the landlord that a new lender has given a new mortgage.
This is the legal process of buying and selling your property. You must instruct either a conveyancer or a solicitor to act on your behalf throughout the transaction.
When money changes hands and you get your keys to move in.
These are payments we make to other companies on your behalf. These include, searches, land registry fees and stamp duty fees.
Once contracts are exchanged there is a legally binding contract between the buyer and the seller, meaning neither party can withdraw without incurring penalties, which can be financially severe.
There is no definite answer to this question; it will all depend on the number of factors in the transaction. Usually, we advise that the process takes 6 to 8 weeks, with no unforeseen complications or delays.
A remortgage is usually quicker and can often be completed in less than 4 weeks.
A number of factors can delay the process, but rest assured that we will always do all that is possible to get the transaction completed as soon as possible. The most common causes of delay are:
“You have been fantastic and completely on the ball with everything”
“I just wanted to say a huge thank you to the team that dealt with my move. I have to say that, initially, I was a little sceptical about using an online conveyancer but the transaction was quick, smooth and completely hassle free. Thank you again.”
“ May we take this opportunity to thank the team very much for all the hard work they have done to help us with our house move. The service that they provided was excellent and far superior to other firms I have used in the past. I will be highly recommending this company! ”