You receive from
us an
introductory letter and enquiry forms to complete. We request ID from
you and the cost of any searches we need to carry out.
We obtain your
deeds and copy Land Registry documents (if necessary) and prepare draft
contract.
We send out draft
contract and completed enquiry forms to your buyer's solicitors.
We deal with any
other enquiries which are received from your buyer's solicitors.
We establish that
your buyer's mortgage offer, and replies to any searches have been
received.
We ask you to
sign the contract so that we are ready. It is not
legally binding until exchange.
When everyone in
the chain is
ready, a completion (moving) date can be agreed and contracts are
formally exchanged by the solicitors involved.
Once Contracts are exchanged you are
legally
committed to the move, and you can now make removal arrangements,
contact the utility providers and so on.
Before completion
We
receive, and approve, the final documents of transfer.
We deal with any
final questions from the buyer's solicitors.
We obtain a
settlement figure for any existing mortgages you have on your property.
We ask your
estate agent to tell us how much they are charging you
We calculate the
financial statement which shows you how much you will receive and where
the rest of the money is going.
On
completion day
This is the magical date you have been
waiting
for! On completion day we receive the money from your Buyer's
Solicitors and hand over the deeds. On this date:
You
should move out,
taking all your possessions, including rubbish with you. You should
make sure that you stick to what you agreed when you filled in the
Fixtures, Fittings and Contents Form and you must make good any damage.
You need to hand
the keys to the estate agents, preferably before 1pm, unless other
arrangements have been made.
Meanwhile we will
receive the balance of the price of the property
We repay your
mortgage and pay your estate agent. We also deduct our fees.
We forward the
remaining funds to you, either as a cheque or to the bank account you
have told us about
We forward the
deeds and other documents to your buyer's solicitor.
Please note that completion must take
place
on a working day (Monday to Friday), because money transfers cannot
take place at the weekend.
