Selling a Property

Are you looking to sell your property and need to find a reliable lawyer? You’ve come to the right place.
Here we will guide you on the steps we will take to help you sell your property.

Here is a step by step guide on selling your home:

Firstly,

Once you’ve let us know you’d like to use our services then we will send you a letter of Confirmation of Terms of Business which you will need to sign and return back to us before we can begin our work.
We will provide you with forms called ‘Property Information’ and ‘Fixtures, fittings and contents’ which you will need to complete and return to us.
Your estate agent will need to know that you’ve chosen us as your lawyer so they are able to send us the ‘Memorandum of sale’.

Legal work

Once we have received the title deeds and the standard forms, these are then sent to the buyer’s lawyer for their approval, along with relevant documents such as planning and any guarantees.
Your buyer’s lawyer will need to go over all the relevant paperwork and may need to clarify certain points with us, we will then liaise with you to give the correct information they’ve requested.

Mortgage

Your mortgage lender will supply us with the most recent balance statement so we know how much is required to repay your mortgage.
If there are any other loans outstanding of which are secured on your property, you need to let us know as these will need to be repaid upon completion.

Signing the contract

As soon as the buyer’s lawyer has approved the contract, we will get in contact with you to let you know we are ready for you to sign the contract.

Exchange

A completion date needs to be agreed on by all parties involved before the exchange can take place.
Once the contracts are exchanged, your buyer is legally bound to buy your property and you are legally bound to sell.
We will then send you a statement for our charges, any loans that may need to be paid and all other outgoings.
If there is a balance outstanding to us then this will need to be cleared before the completion date.
In readiness for completion, the Transfer of Deeds will need to be signed by you.

On completion

We will then go on to pay off your mortgage and other expenses.
Once we can confirm that all monies have arrived then your sale is completed.

As experienced lawyers, we will be with you every step of the way. If you would like to talk to our team then please contact us on 0121 384 4652 for advice or a no-obligation quote.

Timescales

It can normally take two to three months to sell a property. However please note that it can take longer if there are any complexities such as there is a complexity in the legal title, the buyer’s searches reveal an onerous result or if you are in a chain. These examples are not exhaustive there can be many other legal issues that can affect the timescales. The following website can provide further useful information https://www.gov.uk/buy-sell-your-home. Please note if you are selling a Leasehold property it will take longer approximately, please allow an extra 4 weeks as this type of title to a property is more complex.