The buying and selling of property is an everyday event but it can be a difficult time if you do not have the support and advice of specialists.
We offer a stress-free conveyancing service as is possible with appointments to suit your convenience, estimates that include a costing of all fees and disbursements and a timetable towards completion.
The conveyancing transaction may sound simple but there are a number of stages that we must follow under the Law Society Conveyancing Protocol.
10 key stages to selling your home in a nutshell:
- You will provide the estate agents with the name and address of your Solicitor.
- Your Solicitor will then write to you enclosing the information forms for your completion.
- Your Solicitor will write to the Buyers Solicitor and wait from them confirmation they are acting.
- Once your Solicitor has the forms from you and confirmation from the Buyers Solicitors he will send out the draft contracts and supporting documents.
- The Buyers Solicitors will then raise questions about the property you are selling for your replies. If you are selling a leasehold property then landlord/management enquiries will also be sent to the landlord or their managing agents for their reply.
- If there is a mortgage on the property you are selling your Solicitor will request a redemption statement to check how much is owed to the Lender.
- Once the replies have been received and the Buyers Solicitors are satisfied then they will approve the contract and have this signed by the Buyer.
- Your Solicitor will send you the contract to sign and once this has been done a date can be agreed to exchange contracts and a date can be set for completion.
- Once contracts have been exchanged your Solicitor will request an invoice from the estate agents and he will draft a completion statement in order to show you how the sale proceeds will be divided and whether there is a balance due to you.
- On completion your Solicitor will confirm that he has received the monies from the Buyers Solicitors and that the transaction has been completed. He will then ask the estate agents to release the keys. He will pay the estate agents fee and redeem the mortgage if there is one and then send to you any balance which is due.
10 key stages to buying your home in a nutshell:
- Your Solicitor will confirm that they are acting for you and will write to you requesting your cheque for the searches.
- Once the cheque is cleared your Solicitor will submit the searches.
- The Sellers Solicitors will provide your Solicitor with the draft contract and supporting papers.
- On receipt of the results of the searches your Solicitor will raise questions about the property for the Sellers reply and approve the contract. If you are buying a leasehold property your Solicitor will raise landlord/management enquiries.
- If you are obtaining a mortgage your Solicitor will review the mortgage offer and report to you on it.
- On receipt of the replies to the questions raised your Solicitor will report to you on the title of the property and make you aware of any concerns regarding the property. He will also send you the contract to sign.
- Your Solicitor will be acting for you and your Lender therefore he must inform the Lender of any issues before he can request the drawdown of the funds.
- Contracts are exchanged if you are happy and your Solicitor is satisfied that he has complied with the Lenders requirements and a date is set for completion.
- On completion your Solicitor will send the funds to the Sellers Solicitors in order to complete the purchase.
- Your Solicitor will prepare the Stamp Duty Land Tax return on your behalf and ask you to check the return and complete the necessary authority to submit the return.
- Your Solicitor will pay the necessary Stamp Duty, apply for registration with the Land Registry and then provide you with all of the documents relating to the property.
There are of course other stages involved and we will keep you fully informed at all stages of the transaction.
To contact us for a discussion of your requirements and to request a free estimate of costs please email our Property Department.
We can help you with the buying and selling of commercial property and offer expert advice on commercial leases.
Equally, if you are looking for an office, rental opportunity or commercial premises – freehold or leasehold – or are having difficulties with a tenancy agreement or lease, we can help you with all stages of the process.
We deal with freehold and leasehold estate developments intended for either residential or commercial use. We are frequently called upon to administer the sale and purchase of business premises.
Areas we undertake:
- sale and purchase of business premises
- rental of commercial premises
- tenancy agreement
- reporting on Lease
- estate development
Contact our Property Department by email at firstname.lastname@example.org or telephone on 01932 772 121 today and allow us to put our commercial experience to work for you.