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Congratulations! What Next?

Congratulations!

We have received a satisfactory offer on your property.

What happens next:

Before we discuss the offer with you we will ask your prospective purchaser to speak to our advisors at London and Country, who we work closely with, who will then revert back to us to ensure all funding is in place to enable us to be in the best position to advise you on the offer.

Once the offer has been accepted we will prepare a Memorandum of Sale and write to all parties, confirming the agreed sale price. We will keep you informed throughout this process, liaising with both parties' solicitors.  We will support you throughout the entire purchasing period from the accepted offer to handing over your keys.

What you do:

The first and most essential step is to instruct a solicitor. We are fortunate  to be able to offer you the services of our own branded solicitors Andrew Grant Conveyancing, a unique and specialist conveyancing service, who we work very closely with, to ensure the speediest of processes and will keep you up todate every step along the way.

What your Solicitor will do:

Request the title deeds from your current lender

Send out the relevant property forms

Your solicitor  will respond to a number of enquiries raised by your buyer’s solicitors.  These cover things such as:

  • What are the boundaries of the property?
  • Who is responsible for fences and hedges that border the property?
  • Is there a restricted covenant?  (this will be detailed in the deeds)
  • Has the property been extended?
  • If so, when was the work carried out, was it subject to planning permission?
  • Is the property freehold or leasehold? 
  • Are ground rent payments up todate?
  • Are there any rights of way/public footpaths running through land belonging to the property?
  • Are there any ongoing disputes regarding the property?
  • Is the property under guarantee from an authority?
  • Are there certificates for work carried out on the property by the current owner? eg damproof, electrical work, wood burner installation etc
  • the property ever been burgled?
  • Are any rights of way, access to utilities shared by any neighbours?

Ask you to agree which fixtures and fittings will be included.

Exchange of Contracts

When both you and the purchaser are happy with the contract of sale you each sign the copies and the lawyers send them to one another.  Once the contract has been signed by both parties, the deposit (typically 10% of the purchase price) is transferred by the buyer's solicitor into your solicitor’s account. Once you have exchanged contracts your purchaser will be legally bound to buy the property.

The completion date is when the transaction is completed and the keys are handed over and your purchaser becomes the legal owner of the property.  This must be decided and agreed by both parties before contracts are exchanged   Most people prefer a 2 week gap before exchange and completion but it can be done quicker if required.

If there is more than one house sale involved this makes a chain and therefore all parties have to agree complete on the same day.

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