Buying or Selling Property

Aldridge Brownlee SolicitorsBuying or Selling Property Easy as absolicitors.com p.

BUYING A HOME Buying a home can be an exciting time and will no doubt be one of the biggest investments you will make, which is why it is important to ensure you receive the best advice. We are accredited by the Law Society Conveyancing Quality Scheme (CQS) and to assist you in knowing the processes involved in buying or selling a property, we’ve put together this handy guide to answer some of the frequently asked questions we receive from those who are either unsure of what’s involved, or who are just starting out on the property ladder.p.

BUYING A HOMEYour Offer has been accepted—so whathappens next?We will provide you with a qualified expert who will be with youthroughout the whole process — from start to finish. They will provideyou at the outset with an estimate as to our fees which you will havethe confidence of knowing will not change* and other legal expenses,so you know what to expect. We will provide you with a detailedexplanation of the conveyancing process and explain what we needfrom you.I need a Mortgage—what do I do?You will need to speak to your bank, building society or mortgagebroker and they will guide you through the mortgage applicationprocess. The lender may recommend you use a solicitor from a listthey have — this is called their “panel”. We are on the panel for allmajor lenders and you should advise them that you wish to use us.Do I need a Survey?Having a survey is highly recommended. A survey may help to revealissues that otherwise would not have been known and can highlightareas that may need attention and could prove costly in the future.* subject to any unexpected additional work or issues arising p.

BUYING A HOMEStep by StepOnce we have been instructed, then the whole process, on average,can take between 6 to 12 weeks, during which time, the following willhappen: Agent’s purchase Initial contact madeOffer Accepted ► memorandum ► with the Sellers received conveyancer ▼ Mortgage Offer ► Searches orderedDraft Contracts ► received received (if applicable) ▼ Report to you with Search Results ► Search Results and ► Draft Contracts received and replies to enquiries signedenquiries sent to the from the Sellers Sellers ▼ Exchange of Mortgage advancedDeposit received ► Contracts and ► (if applicable) and from you Completion date balance due from agreed you requested ▼ Change of Completion - funds ► ownership sent to the Sellers registered with the and Property keys released to you Land Registryp.

BUYING A HOMEPost CompletionAfter the purchase of your new home is complete, you may wishto think about making a Will, or reviewing the Will you may alreadyhave. Our team of experienced solicitors are on hand to talk to you about this. p.

SELLING A PROPERTY Selling a property can be a stressful time, but our team of qualified experts are on hand to guide you — every step of the way. We are accredited by the Law Society Conveyancing Quality Scheme (CQS). I want to sell—what do I do next? You should advise us that you intend to sell your property and we will be able to provide you with a no obligation quotation so that you know what the costs are likely to be — and have the security of knowing our fees will not change*. You should advise your estate agent that we will be acting for you, so that once you have accepted an Offer, they will know to provide us with the details of your buyer to enable us to start the process moving. You should gather any documents you have in relation to the property, such as planning consents, guarantees and any Deeds that you may have. * subject to any unexpected additional work or issues arisingp.

SELLING A PROPERTYI have accepted an Offer—what happensnow?Your agent will advise us that a salehas been agreed on your propertyand at what price you have agreedwith the buyer. We’ll contact you to confirm the saleand provide you with various forms that you’ll need to complete, such as the property information form and fixtures and contents form. Once you’ve provided us with the completed forms, we’ll then be able to issue draft Contracts to the buyers’ solicitor.I have a Mortgage on my property—who paysthe balance off when I sell?If you have a Mortgage or any other loan secured on the propertyyou are selling, your solicitor will arrange for this to be repaiddirectly to the lender out of the sale proceeds on Completionof the sale. p.

SELLING A PROPERTYStep by StepOnce we have been instructed, then the whole process, on average,can take between 6 to 12 weeks, during which time, the following willhappen: Deeds obtained Sale pack sent out Offer Accepted (and initial Mortgage ► to you with Property and Fixtures forms to ▼ ► Redempton complete Completed forms Statement and draft Contracts if applicable) issued to Buyers ► Enquiries received ► Replies to enquiries from Buyers sent to Buyers ▼ Agents’ Account Completion date ► Contracts ► (and final Mortgage agreed and exchanged Redemption Contracts signed Statement obtained) ▼ Completion balance of proceeds sent to you or used for any related Purchasep.

SELLING A PROPERTYDon’t forget to read your Meters On moving day, you’ll need to read your electricity and/ or gas meters and contact your utility company, giving them the final reading and request they send the Bills to your new address. Post Completion After selling a property, it’sa good time to think about making a Will, or reviewing the Will youmay already have. Our team of experienced solicitors are on handto talk to you about this.We know that you’ll have a millionand one things to rememberor think about on moving day,so we’ve put together a handychecklist of whom you shouldinform of your new address atthe end of this booklet. Whilstthe checklist is not exhaustive, itshould give you a head start onwho to notify that you’ve moved. p.

MEET THE TEAMOur property team prides itself on providing the very highest level ofprofessional and personal service to clients. We deal with all aspectsof residential property transactions and, having been in Bournemouthfor over 90 years, we have built some very long-standing relationshipswith local agents and surveyors that enable us to provide the verybest service to meet all our clients requirements. Owen Baker To view Mark ProctorPartner the entireand team, PartnerHead of Property visit absolicitors.comOwen and Mark are supported by an experienced team of qualifiedLegal Executives and Assistants. This support enables us to keep inconstant contact with you by telephone, email and face to facemeetings, ensuring that you fully understand the process throughout.This also gives both you and us opportunities to raise any concerns asand when they arise, with the aim of progressing your matter as quicklyand smoothly as possible, whilst keeping stress levels to a minimum!p.10

HOUSE MOVE CHECKLISTFinancials Services Motor VehiclesEmployer Gas/Electric Vehicle Insurance Water/Sewerage Driving LicenceBank/Building Society Council Tax Breakdown Cover TV/Phone/Broadband V5C/Vehicle TaxFinance Agreements/Loans TV LicenceHome Insurance Royal MailCompanies Mailing Preference ServiceStore/Credit Card LibraryCompaniesInland RevenueNational InsuranceOnline Shopping ServicesMobile Phone CompaniesChild BenefitIncome Tax/Tax CreditsHealth Miscellaneous Doctor Friends & Family Dentist School Opticians After School Clubs Life Insurance Electoral Register Health Insurance Magazine Subscriptions Pet Insurance Milkman/Newspapers Gym Membership Concert/Show Tickets p.11

B Easy as absolicitors.comBournemouth Highcliffe Moordown WintonKingsway House 277 Lymington Road 912 Wimborne Road 89 Wimborne Road13 Christchurch Road Highcliffe Moordown WintonBournemouth Christchurch Bournemouth BournemouthBH1 3JY BH23 5EB BH9 2DJ BH3 7AW01202 294411 01425 282150 01202 527008 01202 526343 Aldridge Brownlee Solicitors LLP is a limited liability partnership registered in England under number OC334502 Registered office: 13 Christchurch Road Bournemouth BH1 3JYp.12