If you have any questions see our ‘Moving Home FAQ’s’ section below or please don’t hesitate to get in touch.
Once we have received your initial instructions we will ask you to complete and return some initial paperwork together with cleared funds for any searches you wish to order.
We speak to you about the sale and take all the necessary details to start the process
The Seller’s solicitors will prepare the draft Contract for the sale and send this to us along with the Official Copies (electronic title deeds), property forms and copies of any relevant documents relating to the property. We would expect to receive this within 1 week from the Memorandum of Sale being issued by the agent.
We will apply to your current mortgage lender for the title deeds to the property and ask them for a statement showing the amount left to repay.
We will then carry out any searches requested by you and review the paperwork sent by the Seller’s solicitor. If we have any queries about the property or any of the paperwork we will get in touch with the Seller’s solicitor, who may need to refer to the Seller. Searches usually take 10 working days to be returned.
We will obtain copies of the up to date electronic deeds (Official Copies) from the Land Registry with the £12.00 you have provided us with.
If you are happy with the paperwork, we will arrange for you to sign and a completion date is then agreed between all parties in the transaction. At this point you will transfer the deposit (usually 10% of the purchase price) to us and at that point we will be ready to exchange contracts.
At this point the Buyer’s solicitors will carry out any searches requested by the Buyer and review the paperwork sent by us. If they have any queries about the property or any of the paperwork they will get in touch with us, we may need to refer to you at this point.
On exchange of contracts the transaction (and completion date) becomes legally binding. We will send the deposit to the Seller’s solicitor and request your mortgage advance from your lender. You must ensure that the balance of the funds due from you is with us at least the working day before completion.
Once we have replied to all enquiries raised by the Buyer’s solicitors we will arrange for you to sign the paperwork and a completion is agreed between all parties in the transaction. The Buyer will transfer the deposit to their solicitor and at that point we will be ready to exchange contracts.
Completion is the ‘moving day’ and the balance of the purchase price is transferred to the Seller’s solicitor. The Seller will leave the keys with the estate agent and as soon as the Seller’s solicitor received the funds from us the estate agent will release the keys to you.
On exchange of contracts the transaction (and completion date) becomes legally binding. We will receive the deposit from the Buyer’s solicitor and request a final redemption statement from your lender.
How long does it take?
Every transaction is different so there is no exact timescale, although on average a transaction takes between 6 and 8 weeks. This depends on how long the chain is, mortgage funding and if there are any problems with the title.
When can I book removals or serve notice on my rented accommodation?
Until contracts have been exchanged the transaction is not legally binding and any party can withdraw without any penalty. We would therefore always advise you not to make any arrangements until we have exchanged contracts as you may incur costs should completion be delayed or not take place.
Why does completion have to take place on a weekday?
On the day of completion funds are transferred between each solicitor by CHAPS payments (same day transfer), the banks do not offer this facility at the weekend.