Conveyancer when Selling
Initial Stages
- Once you have completed our online estimate request, paid your advance fee, and uploaded our online app, we will arrange for a link to our online forms, ID verification procedure and terms of business to be sent to you by e-mail. You will need to fully complete and e-sign our forms, thoroughly read and e-sign our terms of business, and complete your ID to our satisfaction, before we can begin to progress your property sale.
- The forms you will need to complete for your property sale are:
Property Information Form
Fixtures, Fittings and Contents Form
Leasehold Information Form (if your property is Leasehold)
These forms can be completed and e-signed online.
- Once we have details of your buyer and their solicitors/conveyancers and the property particulars for the Estate Agent, we will write to your buyers’ solicitors to confirm that we have been formally instructed to act for you, and to ask them to confirm they are similarly instructed by your buyers.
- You need to let your conveyancer know from the outset if you are also buying a property and need the transactions to be tied together.
Legal Work prior to Contracting to Sell
- Once your conveyancer has obtained the title deeds and you have returned the standard forms (listed above) these are sent to your buyer’s solicitor/conveyancer for approval together with a supporting package which will include an Energy Performance Certificate, documents dealing with title, planning and any certificates or guarantees that are applicable.
- If the property that you are selling is leasehold, your conveyancer will also need to request a standard Leasehold Management Information Pack from the Landlord and/or their Agents. The Landlord/Agent is entitled to charge a reasonable fee for this service, which will be payable by you. This information will also be supplied to your buyers’ solicitors for review.
- After your buyer’s solicitor/conveyancer has reviewed this paperwork, they may need to seek clarification on certain points. They are entitled to raise enquiries with your conveyancer who may need to liaise with you to provide the information requested.
- The buyer is entitled to rely upon any information that is supplied on your behalf so it is important that information supplied to your conveyancer is accurate and that you make a full disclosure of any relevant facts about your property.
Your Mortgage
- Your lender will supply an up-to-date statement to your conveyancer detailing the amount which is required to repay your mortgage.
- You should provide your conveyancer with details of all loans secured against your property as these will need to be repaid upon completion of your sale.
Signing your Contract
- Once the contract has been approved by your buyer’s solicitor/conveyancer you will be contacted by your conveyancer to sign it in readiness for exchange.
Exchange of Contracts
- Before an exchange can take place all the parties involved need to agree on a completion date.
- From the point at which contracts are exchanged you are legally bound to sell and your buyer is legally bound to buy. Should either party back out the other will be entitled to claim compensation for losses arising.
Between Exchange and Completion
- Your conveyancer will send you a statement detailing their charges, loans to be repaid and all other outgoings. Any balance due to your conveyancer will need to be cleared in their account prior to the completion date.
- You will be required to sign a Transfer Deed in readiness for completion.
On Completion
- Your conveyancer will repay any mortgages and other expenses, give an undertaking to your buyer’s solicitor/conveyancer to send your lender’s formal release of mortgage and send the title deeds and signed transfer to your buyer’s solicitor/conveyancer.
- Once your conveyancer has confirmed that all the remaining monies have arrived your sale has completed. You should arrange to drop off the keys with the agent for the buyer to collect.