Sale of a Residential Property

The work involved in the sale of a residential property differs from sale to sale, however, we have set out the key stages involved in a typical sale transaction:

Take your instructions.

Check the title of the property you are selling and provide advice.
“Prepare documents including the contract of sale and deeds relating to your sale.
Request any redemption figures from lenders.”
Answer questions/enquiries raised by the buyers’ solicitors.
“Provide information to you relating to the property you are selling.
Approval of the transfer deed from the buyer(s)’ solicitors.”
Contracts exchange following negotiations on the terms.
Completing your sale and accounting to you for the proceeds or receiving from you any monies required to complete the sale.
Dealing with all post-completion matters including, but not restricted to, repaying any outstanding mortgages or loans.

Our Service will not include any of the following:

Advice on the value of the property.
Any inspection of the property.
Advice on any planning implications unless specifically instructed to do so. This may be subject to additional charges.
Any checks on the property to ensure that the build is in accordance with any planning permissions granted.
Advice on any search result findings that identify contaminated land, fracking sites, or other environmental issues.
Any advice on tax or other accounting matters.
Renegotiating sale price.

The time it takes from the date you instruct your solicitor until the sale is completed, will depend on a number of factors. The average process takes around 12-16 weeks but may take longer for a leasehold property.
The whole process can be quicker or slower depending on the efficiency of the other parties in the chain such as the buyer’s solicitors, the solicitors representing other buyers and sellers, your buyer’s bank if they are taking out a mortgage, search providers and the relevant local authority to conduct your buyer’s local search.

The work involved in the purchase of a residential property differs from sale to sale, however, we have set out the key stages involved in a typical sale transaction:

Take your instructions.
Ensure finances are in place to fund the purchase.
Carry our searches.
Receive and review contract documents.
Raise any necessary enquiries of seller’s solicitor.
Await all enquiries to be satisfied.
Provide advice on all documents and information received.
Explain the conditions of mortgage offer.
Prepare the document to transfer ownership to you.
Send the final contract to you for you to sign and ask you to pay the agreed deposit to us so that contracts can be exchanged.
Agree a completion date.
Exchange contracts and notify you that this has happened.
Arrange for all monies needed to be received from the lender and you.
Complete the purchase.
Deal with the payment of Stamp Duty Land Tax.
Deal with the application for registration at Land Registry. (Please note that this may take approximately 6 months)
Notify you and your lender (if applicable) of registration once confirmed.

Our service will not include any of the following:

Advice on the value of the property.
Advice on the suitability of your mortgage or any other financial arrangements.
Any inspection of the property.
Any advice on any planning implications unless instructed to do so which may be subject to additional charges.

Advice on tax (other than SDLT) or other accounting matters.

The time it takes from the date you instruct your solicitor until the sale is completed, will depend on a number of factors. The average process takes around 12-16 weeks but may take longer for a leasehold property.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the purchase such as the seller’s solicitors, the solicitors representing other buyers and sellers in the chain, your bank if you are taking out a mortgage, search providers and the relevant local authority to conduct your local search.

Take your instructions.
Obtain your title deeds.
Check the title of your property.
Carry out a Local Authority search if required by your lender.
Act upon your mortgage lender’s instructions.
Prepare the mortgage and other documents for you to sign where appropriate and fully explain the terms of your mortgage to you.
Report to the mortgage company and obtain the mortgage advance.
Complete the remortgage.
Register the transaction with the Land Registry. (Please note that this may take approximately 6 months)
Forward the title documents to the mortgage company and account to you for any money held on your behalf.

Our service will not include any of the following:

Advice on the value of the property.
Advice on the suitability of your mortgage or any other financial arrangements.
A physical inspection of the property.
Advice on any search result findings that identify contaminated land, fracking sites, or other environmental issues.
Advice on tax (other than SDLT) or other accounting matters.
Rearranging purchase price.

The time it takes from the date you instruct your solicitor until the sale is completed, will depend on a number of factors. The average process takes around 4-8 weeks but may take longer for a leasehold property.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the mortgage or re-mortgage such as your lender, search providers and the relevant local authority to conduct your local search if required.

Take your instructions.
Ensure finances are in place to fund the purchase.
Receive and advise on contract documents.
Carry out searches.
Raise any necessary enquiries of seller’s solicitor.
Await enquiries to be satisfied.
Provide advice on all documents and information received.
Check the title of the property and prepare the document to transfer ownership to you and explain the conditions of mortgage offer with you.
Send the final contract to you for you to sign and ask you to pay the agreed deposit to us so that contracts can be exchanged.
Agree a completion date.
Exchange contracts and notify you that this has happened.
Arrange for all monies needed to be received from the lender and you.
Complete the purchase.
Deal with the payment of Stamp Duty Land Tax.
Deal with the application for registration at Land Registry. (Please note that this may take approximately 12 months)
Notify you and your lender (if applicable) of registration once confirmed.

Our service will not include any of the following:

Advice on the value of the property.
Advice on the suitability of your mortgage or any other financial arrangements.
Any inspection of the property.
Any advice on any planning implications unless instructed to do so which may be subject to additional charges.

Advice on tax (other than SDLT) or other accounting matters.

The time it takes from the date you instruct your solicitor until the sale is completed will depend on a number of factors. We are unable to provide an average time scale as this is dependent on when the property is build complete.
It can be quicker or slower depending on the parties in the chain and the efficiency of third parties involved in the purchase such as your lender, search providers and the relevant local authority to conduct your local search if required.

Take your instructions.
Ensure finances are in place to fund the transfer.
Provide advice on all documents and information received.
Check the title of the property, prepare the document to transfer ownership to you, and explain the conditions of mortgage offer with you if applicable.
Send the final transfer to you for you to sign and ask you to pay the agreed balance to us so that the transfer can take place.
Agree a completion date.
Arrange for all monies needed to be received from the lender and you.
Complete the transfer.
Deal with the payment of Stamp Duty Land Tax where appropriate.
Deal with the application for registration at Land Registry. (Please note that this may take approximately 6 months)
Notify you and your lender (if applicable) of registration once confirmed.
Liaise with any third parties regarding the title and the transfer with regards to their representation.

Our service will not include any of the following:

Advice on the value of the property.
Advice on the suitability of your mortgage or any other financial arrangements.
Any inspection of the property.
Any advice on any planning implications unless instructed to do so which may be subject to additional charges.

Advice on tax (other than SDLT) or other accounting matters.

The time it takes from the date you instruct your solicitor until the sale is completed will depend on a number of factors. The average process takes around 8-12 weeks but may take longer due to the number of documents involved.
It can be quicker or slower depending on the efficiency of the parties involved in the transfer such as your lender and third parties.