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Selling Your Home
Once you have instructed us to act for you, we will send you a copy of our explanatory leaflet describing the steps that are taken to sell your property.
We also need to ask you for a considerable amount of information about your property so we will send you some forms to fill in and return to us. If you are selling a Leasehold Property (such as a flat or maisonette) we will also need details of any ground rent or service charge paid by you.
In order to comply with money laundering regulations, we are obliged to check your identity. We will send a Client Identification Form to you and ask you to provide documentation to comply with the regulations. We will also undertake an electronic identity check.
You will probably have a mortgage on the property so you will need to give us the name of your mortgage company and your mortgage account details as quickly as possible.
You will require no longer require a Home Information Pack (HIP) when placing your property on the market, although you will be required to provide an Energy Performance Certificate.
We will contact your mortgage company to request any documentation from them that they may be holding. If you do not have a mortgage we will need you to provide us with any documentation related to your property that you are holding. We will then prepare the contract.
We can do all of the above even before you have secured a Buyer for your property. By doing this, the legal process should be faster once you have a Buyer.
We will send the Contract and supporting papers to your buyer's solicitors. We will deal with any additional queries that they may have. We will try to do this without troubling you if we can, but we may need to refer some enquiries to you, or possibly to others such as the Local Authority, or your managing agents or landlords if you are selling a flat.
Once we have dealt with your buyer's questions, and your buyer is happy to proceed, we will send you the Contract to sign and return to us.
When all the people in your "chain" have signed and returned their Contracts to their solicitors and agreed a moving date (which we call the Completion Date), we can exchange Contracts.
We will only exchange Contracts when you tell us that you are happy to proceed.
When Contracts are exchanged, the Buyer is legally bound to buy the Property and you are bound to move out on or before the Completion Date.
On the Completion Date we will receive the purchase monies from your Buyers solicitors, pay off any mortgage you may have on the Property, pay the Estate Agents who sold your home, deduct our legal fees and then use the balance either towards the purchase of your new home, or if you are not buying a new home, we will transfer the balance to your account.




