Selling A Property
Instruction to Exchange: 4-10 weeks
Step 1: Find a conveyancing company you are comfortable with (see how to find a conveyancing company). Then get a conveyancing quote to make sure you can afford your chosen solicitor.
Step 2: Contact your chosen conveyancing company and instruct them on your requirement (you want to buy or sell a property).
Step 3: If the company can fit your job in they will send you an official letter by post confirming your proof of identity and current mortgage status (if applicable).
Step 4: Once confirmed, your solicitor will send you the following forms if you are selling:
* Fittings and fixtures questionnaire
* Property information form
* Leasehold property information form
Step 5: Fill out forms and send back.
Step 6: It is now in the conveyancers hands to obtain the title deeds and land registry office copies. Also if it is leasehold property management company will be asked for the following:
* Last 3 years service charge accounts.
* Building insurance details.
* Their projected expenditure for the next 12 months.
* The lease documentation copy.
Step 7: Once these documents have been obtained the solicitor will then prepare the draft contact and compile a contract pack to send to your buyer’s conveyancing solicitor. At this point your solicitor will be in contact with the buyers and the contract pack will be discussed and details finalised. They will also confirm that the buyers mortgage has been confirmed.
Step 8: A target completion date will be formulated between all parties involved and then finalised in writing which is signed by both parties.
Step 9: At this point signed contracts are swapped between buyer and seller and deposits held with the solicitor. At this point you have officially exchanged and are legally obliged to continue with the sale.
