Selling A House Guide

Selling Guide - family bought new home

Selling your home can be daunting, but with ConveyQuote, it does not need to be stressful.

We make the conveyancing process clear and straightforward so you can focus on your move. Our trusted panel of legal experts are on hand to guide you every step of the way, supported by the latest industry technology to keep you informed and updated at every stage.

Whether you are upsizing, downsizing, or selling your home as an investment, our step-by-step Selling Guide explains how the conveyancing process works and what to expect along the way. If you have any questions, our friendly team are always here to help on 02081 584466.

What Does a Conveyancer Do When Selling a Property?

When you compare quotes with ConveyQuote, you gain access to a panel of trusted, award-winning Conveyancing Experts who are experts in property sales. Your Conveyancer will prepare all the necessary legal documents and act as the main point of contact between you, the buyer, the estate agent, and any mortgage lender involved.

They will draft and send the contract pack, respond to the buyer’s conveyancer’s questions, and handle the legal transfer of ownership. Once your sale is complete, they will manage your mortgage redemption, pay your estate agent, and send the remaining proceeds to you.

Our conveyancing partners are selected for their reliability, communication, client rating, and proven track record in achieving the fastest transaction speeds in the UK. You will receive regular updates throughout the conveyancing process, ensuring you are regularly kept up to date and informed.

Documents and Information You Will Need

At the start of your transaction, your Conveyancer will ask you to provide key documents and details about your property. These include:

  • The Seller’s Property Information Form
  • A Fixtures, Fittings and Contents Form
  • If applicable, a Leasehold Property Information Form

You may also need to supply supporting documents such as energy performance certificates (EPC), planning permissions, building regulation approvals, boiler or electrical certificates, and guarantees for items such as double glazing or damp proofing.

In addition to the property information, you will also need to provide identification documentation as part of your conveyancers Anti-Money Laundering requirements. This may include:

  • Your passport
  • Drivers Licence
  • Bank Statements
  • Utility Bills
  • Or other identification documents as needed

Providing complete and accurate information early in the conveyancing process helps speed up your transaction and avoid delays as you reach exchange and completion.

Buying home - key to new home

 

How Long Does Conveyancing Take?

On average in the UK property sales take between 16 and 20 weeks to complete, though every transaction is unique. Timelines can vary depending on the number of parties in the chain, the type of property, and how quickly information is shared between Conveyancers.

Our conveyancing experts are chosen for their ability to deliver an exceptional service to their clients but also achieve some the fastest transaction timelines in the UK.

Your Conveyancer will update you at every key stage of the conveyancing timeline and work to resolve any issues that could quickly slow progress. You can help keep things moving by completing and returning your documents quickly and responding promptly to any questions.

If Your Property Is Leasehold or Freehold

If you are selling your home and it is a leasehold property or a freehold with a management company, there are a few extra steps.

Your Conveyancer will obtain the necessary information from your landlord or managing agent, including details about service charges, ground rent, and insurance. You will need to order a management pack early in the process, as it can take several weeks to arrive.

Costs vary depending on the landlord or agent, but typically range between £200 and £450. By ensuring you order and pay for your management pack at the start of the conveyancing process, you will help avoid delays later on.

Your Existing Mortgage

If you have a mortgage on the property you are selling, your Conveyancer will contact your lender to obtain a redemption statement showing the exact amount needed to pay off your loan on the day of completion. This is known as the mortgage redemption.

You should continue to make your regular mortgage payments until you receive written confirmation that your sale has completed. Once the funds have been transferred, your Conveyancer will pay off your mortgage balance directly and ensure that the lender’s charge is removed from the title.

If there are any additional funds remaining after your mortgage, agent fees, and legal costs are settled, these will be transferred to your chosen bank account.

Houses & Coins

Exchange of Contracts and Completion

Exchange of contracts is the point where your sale becomes legally binding. Once both sides have signed and agreed on a completion date, your Conveyancer will confirm the exchange.

After exchange, you can finalise your moving arrangements and notify your utility suppliers, local council, and service providers of your moving date. You may also wish to set up a mail redirection service through Royal Mail.

On completion day, your Conveyancer will receive the sale funds from the buyer’s conveyancer. Once the money has arrived, ownership officially transfers to the buyer. You will then hand over the keys to the estate agent or directly to the buyer.

Your Conveyancer will send you confirmation once your sale has completed, along with your final completion statement.

What Happens After Completion

After completion, your Conveyancer will finalise any remaining matters such as confirming the mortgage redemption and closing your file. All documents will be stored electronically in line with regulatory requirements, and copies of your file can be requested directly with your Conveyancer.

If you are selling a property that is not your main home, such as a buy-to-let or second property, you may need to report and pay any Capital Gains Tax due. Your Conveyancer will provide guidance on how to do this and where to find the relevant government resources.

Buying home / keys to new home

Cyber Security and Protecting Your Proceeds

Your Conveyancer will NEVER email you to inform you of a change in bank details. If you receive any such message, contact them immediately on a verified phone number.

Email fraud in property transactions is on the rise, and hackers often target sellers expecting large payments. Avoid posting about your sale on social media and always verify bank details over the phone before sending or receiving funds.

All of our legal experts working with ConveyQuote use secure systems and robust identity checks to keep your personal and financial information safe throughout the conveyancing process.

How to Help the Process Move Faster

The best way to speed up your sale is to be proactive from the start. Complete all your forms as soon as they are received, gather relevant documents early, and respond quickly to your Conveyancer’s requests.

Stay in regular contact with your estate agent and Conveyancer and trust their expertise to guide you through the conveyancing process efficiently. With ConveyQuote’s network of trusted legal experts, you can be reassured that you are in safe hands guiding you to completion as smoothly and quickly as possible.

Ready to Start Selling Your Home

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