Conveyancing Process - Selling

  1. 1. Your Conveyancer instructed.
  2. 2. Your Conveyancer confirms instructions by letter setting out the terms of business and fixed fee costs.
  3. 3. Your Conveyancer carries out proof of identity checks and sends out a fixtures and fittings form and property information form(s) for completion. If the property is leasehold further information may be required.
  4. 4. You then complete the fixtures and fittings form and property information form(s).
  5. 5. Your Conveyancer obtains title deeds from deeds holder or official copies of the title register and any other documents required by The Land Registry and details of the amount outstanding on any existing mortgage.
  6. 6. Your Conveyancer prepares the draft contract and supporting contract documentation and sends to the buyer's Conveyancer.
  7. 7. The Buyer's Conveyancer checks the contract and supporting contract documentation and raises pre-contract enquiries with the seller's Conveyancer.
  8. 8. Your Conveyancer and you answer pre-contract enquiries.
  9. 9. The Buyer's Conveyancer confirms they have acceptable results from their searches, are happy with the answers to pre-contract enquiries and are in receipt of a mortgage offer (if required).
  10. 10. Seller and buyer agree on a completion date and contracts are formally 'exchanged' - meaning both parties are legally committed to the transaction. Your Conveyancer will obtain a redemption statement to establish the outstanding amount on any existing mortgage (if applicable). Buyer's Conveyancer drafts a transfer deed and sends to the Your Conveyancer.
  11. 11. Your Conveyancer checks the transfer deed and sends it to you for your signature in readiness for completion.
  12. 12. On completion you must vacate the property at a time to be agreed and make arrangements to hand over the keys, usually through us as your agent. Buyer's Conveyancer will send the proceeds of sale to the Your Conveyancer and the Your Conveyancer will arrange for the keys to be released to the buyer. Your Conveyancer sends the title deeds and transfer deed to the buyer's Conveyancer together with an undertaking to use the proceeds of sale to discharge any existing mortgage. Your Conveyancer then pays 3ea's fee (if not paid upfront), repays the amount owing to the existing mortgage lender (if applicable) and takes payment for their Conveyancing service costs.
  13. 13. Once all the payments have been made all the remaining money from the sale will be transferred to you, usually by bank transfer on the day of completion.
Ombudsman

© 2019 Three Estate Agents

Built and developed by: Team 8 Digital