Selling a Property
If you are selling a property, your solicitor will need to provide an 'information pack' about the property
to your buyer's solicitor. This pack includes a Property Information Form, Fixtures and Fittings Form, a
copy of the Title Deeds and the Contract.
As the owner, you will complete the Property Information and Fixtures and Fittings Form.
The Title Deeds are proof of ownership of your property. They will be held by your bank or building society
if you have a mortgage and your solicitor will obtain the deeds and let the buyer's solicitor have a copy.
The contract, setting out what has been agreed, is then prepared.
Delays can sometimes occur, such as if there are problems on a survey, or enquiries need to be returned,
particularly when there is a long chain of related property sales. Such delays can be minimised by effective
communication and keeping all parties informed of proceedings. Once the contract has been agreed between
the parties a moving date (Completion) is agreed and contracts are exchanged. The buyers on exchange provide
an agreed deposit. Once contracts have been exchanged, the sale is legally binding.
On the day of completion, the full purchase price is settled and ownership is transferred to your purchaser.
Our Members have established working relationships with Solicitors' who will keep you informed at every stage
of your transaction. An increasing number of Legal conveyance firms and solicitors are also able to update you
daily, via the internet.
In order to get a free quotation, please fill in the Request for a Quote Form. You will receive a full written
quotation, including an explanation of any other payments that have to be made, such as Land Registry fees,
Local Authority search fees and Stamp Duty.
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