Share of Freehold – sounds good but what does it mean?
Whilst historically the collection of ground rent by freeholders has been a steady income stream, since the implementation of the Leaseholders Reform (Ground Rent) Act 2022 there is now little…
Selling Property?
Residential Property Solicitors
We will act on your behalf in connection with selling property and on behalf of your mortgage lender in the redemption of your mortgage.
Our work will include preparation of the draft Contract and Contract package which will be submitted to the buyer’s solicitors for approval; dealing with enquiries which may be raised by the buyer’s solicitors; in respect of leasehold properties, obtaining information about the property from your Landlord and Managing Agents.
Once the buyer’s solicitors have received all the information they need they will be ready to exchange contracts. Following an exchange of contracts, we will deal with the approval of the Transfer documentation which will formally transfer the property to the buyer.
On the day of completion, we will receive the purchase monies from the buyer’s solicitors and will arrange the transfer of funds to your mortgage lender to redeem your mortgage. We will also deal with the payment of the Estate Agents fees on your behalf before transferring your sale proceeds to you.
You will need to:-
- Provide us with details of your Mortgage Lender
- Provide us with the deeds and documents relating to the property if these are not held by your mortgage lender
- Complete the Property Information Forms which will be submitted to the buyer’s solicitors
- Provide us with details of your Landlord and Managing Agent (Leasehold Properties only)
Please use the links below to read about some of the key aspects of selling property.