Bankside
Southwark, Elephant and Castle, London Bridge, Borough, Waterloo
Southwark, Elephant and Castle, London Bridge, Borough, Waterloo
Clerkenwell
Islington, Old Street, Bloomsbury, Kings Cross, Holborn
Islington, Old Street, Bloomsbury, Kings Cross, Holborn
Shoreditch
Hoxton, Brick Lane, Old Street, Liverpool Street, Whitechapel, Dalston
Hoxton, Brick Lane, Old Street, Liverpool Street, Whitechapel, Dalston
Hackney
Hackney Central, Hackney Wick, London Fields, Victoria Park, Dalston, Stoke Newington, Shacklewell, Clapton, Homerton
Hackney Central, Hackney Wick, London Fields, Victoria Park, Dalston, Stoke Newington, Shacklewell, Clapton, Homerton
The selling process
HIPS, or Home Information Packs, is now a legal requirement for any property coming onto the market for sale. The HIP consists of a number of the legal documents, in addition to an Energy Performance Certificate, local authority searches and title deeds for the property. Some solicitors are providing the HIP but if your solicitor does not, we have teamed up with MySalePack Plc to provide your HIP for you. From the 1st of June current legislation will state that we will need the HIP in advance of marketing your property. The HIP costs around 350 plus VAT for a leasehold property, and slightly less for a freehold property. We have researched numerous 3rd party providers to ensure that this cost is competitive.
Once you have accepted an offer on your property the legal process can begin in earnest. Keep in close contact with your solicitor in the first few days and treat as priority any paperwork they send you and return it to them as soon as possible.
We will ensure that your buyer gets their survey booked in at the soonest opportunity.
The solicitors will require between 4 and 8 weeks to compile contracts, raise any enquiries they might have with you and with the managing agents and/or of freeholder of the property, apply for relevant planning documents and local authority searches and finally report to the buyers. At this point we can look towards an exchange on contracts. Upon exchange your buyer will transfer funds to their solicitor, who will in turn transfer them to your own solicitors account. This is usually, although not always, 10% of the cost of the property. A completion date must be agreed by both parties prior to exchange of contracts.
| The Legal Process |
Once you have accepted an offer on your property the legal process can begin in earnest. Keep in close contact with your solicitor in the first few days and treat as priority any paperwork they send you and return it to them as soon as possible.
We will ensure that your buyer gets their survey booked in at the soonest opportunity.
The solicitors will require between 4 and 8 weeks to compile contracts, raise any enquiries they might have with you and with the managing agents and/or of freeholder of the property, apply for relevant planning documents and local authority searches and finally report to the buyers. At this point we can look towards an exchange on contracts. Upon exchange your buyer will transfer funds to their solicitor, who will in turn transfer them to your own solicitors account. This is usually, although not always, 10% of the cost of the property. A completion date must be agreed by both parties prior to exchange of contracts.