Sale of Leasehold Property

Sale of Leasehold Property

The services included in our fees cover the following key stages:

• • We obtain your deeds from wherever they are held;
  • We prepare and send out a contract and other supporting documents;
  • We supply the property information form and completed list of fittings to the buyer’s Solicitor. You will be sent these for completion and return to us;
  • We obtain from you details of the ground rent maintenance charges and buildings insurance arrangements;
  • We “progress chase” regularly and then report periodically to you and in particular should there be problems;
  • We send the contract to you to sign along with an explanation;
  • We exchange contracts with the buyer’s Solicitors and advise you;
  • If there are selling agents we notify them that contracts have been exchanged and, when we receive their bill, we check with you that it is in order and then pay it;
  • We approve the transfer document submitted by the buyer’s Solicitors and obtain your signature to it;
  • We calculate any apportionments and deal with these on completion;
  • We ascertain what is required to redeem any existing mortgage and discharge it when the sale is completed;
  • We complete the transaction with the buyer’s Solicitor, and
  • We report completion to you and account by bank transfer for any money due to you.

How long will my house sale take

We estimate between 12-15 weeks for leasehold properties. These types of properties are dependent on information from third parties such as management companies and as such we have no control on how quickly they will respond to enquiries raised or provide management company information. The estimate is based on all parties being ready to proceed and there are no extenuating circumstances that would hold up the process or prevent others or us in the chain from proceeding within this reasonable time scale.