Sales (Freehold and Leasehold)

The stages involved in the purchase of a residential property vary according to the circumstances. Below we have listed some key stages:-

• Confirming the instruction from the client
• Our Terms of business letter & GDPR documents supplied  to and returned by the client
• Confirming who holds the title to sell the property
• Arranging completion of Property Information Form, Fixtures and Fittings Schedule, Overriding Interests Questionnaire & Leasehold Questionnaire (where applicable)
• Obtaining Management Pack from landlord/agents in leasehold & freehold management cases
• Submitting draft contract, title & questionnaires to buyer’s solicitors
• Answering pre-contract enquiries
• Agreeing completion timescale
• Arranging exchange of contracts – including tying in any related purchase
• Obtaining redemption figures on any outstanding mortgages/charges
• Checking figures with the Seller
• Completing the sale
• Paying off mortgages/charges
• Securing the client agreement to the figures on the completion statement
• Paying any residual balance to the client – unless utilised in simultaneous purchase
• Paying Solicitors and Estate Agents fees
• Completing file closure procedures