Selling a property

Conveyancing is the term given to the process of transferring ownership of land or property from one person to another. The complexity of the transaction will impact the length of time the process takes.

We can split the process of selling a property into 8 stages.

The stages of selling a property

1. Locating the property deeds

Give us the details of your mortgage lender and we will apply for the deeds to your property. If you don’t have a mortgage, you will need to send us the deeds or let us know where they are.

2. Complete forms and provide ID

We’ll ask you to complete and return a Property Information form and Fixtures and Fittings form. We’ll also ask you to provide appropriate ID.

3. Draft contract bundle

We will prepare the draft contract bundle and send this to the buyer’s solicitor. We will deal with any preliminary enquiries they raise at this stage. This can be a complex stage, depending on the nature of the title on your property.

4. Sign contract

We will send you the contract and ask you to sign and return it. We liaise with the other solicitors in the chain and agree a completion date between you, the buyer, and any other parties in the chain.

5. Exchange contracts

Both parties are now legally bound, so the sale price and completion days are fixed. You can now confirm your removal arrangements.

6. Redemption figure

We will ask your lender for a redemption figure for your existing mortgage. We will then prepare a completion statement detailing the balance due to you or any additional payments required.

7. Sign transfer deed

We will send you the transfer deed for you to sign and have witnessed, then return to us.

8. Completion

The buyer’s solicitor will send the completion funds to us and we will ask your estate agent to hand over the keys. Remember to take meter readings!

Why choose Napthens?

When you are buying or selling a property, the right conveyancer can make all the difference. Our property specialists lend you the support and plain-English advice you’d expect from a quality law firm, plus a level of due diligence that keeps your interests front and centre.

Read more about getting a quote for residential property conveyancing.

• 24/7 mobile app access
• Experienced and diligent
• Dedicated case conveyancer and direct line to your conveyancing specialist and their assistant.