Guide to the Legal Process

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Guide to the legal process

Instruction of your solicitor as soon as possible, ideally before a buyer is in place, this will help aid the legal process when selling a home. This enables the solicitor to get in hand any relevant documentation before a sale has been agreed thereby enabling the transaction to proceed swiftly. Note some solicitors operate on a no sale no fee basis minimising the risks of abortive costs.

Sellers

Once a sale has been agreed the Sellers solicitor will prepare contracts for submission to Purchasers solicitor for approval.

Purchasers

Upon receipt of contracts purchasers solicitor will in turn submit searches and enquiries.

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Sellers

Sellers solicitor will also apply for Deeds to the property which are usually held with the mortgage lender and upon receipt of this information the draft contract paperwork will be forwarded to the buyers solicitor for approval. One copy is then signed and returned to sellers solicitor.

Purchasers

Once Local Authority Searches and Enquiries have been replied to a completion date can be agreed with all parties concerned.  Exchange of Contracts will take place when everybody is ready to commit legally and financially to the transaction and if is at this point that the sale and purchase become legally binding.

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Sellers

Once completion monies are received by sellers solicitor then the selling estate agent will advise both parties involved in the sale and purchase that completion has taken place and that the purchaser may now collect any keys should they be held with them.

Purchasers

Upon completion mortgage monies are forwarded to the sellers solicitor to pay for your new home. Stamp duty, where applicable, will also be paid for and registration of the transfer of the property will be lodged with HM Land Registry by buyers solicitor.

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I just want to say a huge thank you to Daryl. The solicitors made the whole process a complete nightmare, but Daryl was always there to keep things moving forward, providing me with updates and reassurance that there was light at the end of the tunnel. I cannot praise him highly enough.

- Sofia

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