Selling A House
When you are planning to sell your property, the earlier you instruct a solicitor, the better. That way they can have all the paperwork prepared and ready to go so that, as and when you find your lucky buyer, things can proceed as quickly as possible.
Here's what a solicitor will typically do throughout the sale process, representing your best interests and dealing with the buyer's solicitor at every stage.
First Stage: Property Sale Agreed
- Obtains your title deeds and asks you to fill in a detailed questionnaire.
- Prepares and sends out a package of legal information and a contract for sale.
- Requests a settlement figure for your mortgage and any other secured loans.
- Liaises with all relevant parties and negotiates a date for moving ('completion').
Stage Two: Exchange of Contracts
- Receives the deposit as a down payment.
- Organises final accounts and prepares a final settlement for your approval. Collects any balance of funds required.
- Approves the deed of transfer and arranges for you to sign.
Stage Three: Completion
- Pays off the mortgage and notifies HM Land Registry.
- Hands over the deeds and sends balance of money to you.
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