Buying or Selling Property Booklet

Aldridge Brownlee Solicitors Buying 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 HOME Your Offer has been accepted—so what happens next? We will provide you with a qualified expert who will be with you throughout the whole process — from start to finish. They will provide you at the outset with an estimate as to our fees which you will have the confidence of knowing will not change* and other legal expenses, so you know what to expect. We will provide you with a detailed explanation of the conveyancing process and explain what we need from you. I need a Mortgage—what do I do? You will need to speak to your bank, building society or mortgage broker and they will guide you through the mortgage application process. The lender may recommend you use a solicitor from a list they have — this is called their “panel”. We are on the panel for all major 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 reveal issues that otherwise would not have been known and can highlight areas that may need attention and could prove costly in the future. * subject to any unexpected additional work or issues arising p.

BUYING A HOME Step by Step Once we have been instructed, then the whole process, on average, can take between 6 to  weeks, during which time, the following will happen: Agent’s purchase Initial contact made Offer Accepted ► memorandum ► with the received Sellers conveyancer ▼ Mortgage Offer Draft Contracts ► received ► Searches ordered received (if applicable) ▼ Search Results Report to you with received and ► Search Results and ► Draft Contracts enquiries sent to the replies to enquiries signed Sellers from the Sellers ▼ Exchange of Mortgage advanced Deposit received ► Contracts and ► (if applicable) and from you Completion date balance due from agreed you requested ▼ Completion - funds Change of sent to the Sellers ► ownership and Property keys registered with the released to you Land Registry p.

BUYING A HOME Post Completion After the purchase of your new home is complete, you may wish to think about making a Will, or reviewing the Will you may already have. 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 arising p.6

SELLING A PROPERTY I have accepted an Offer—what happens now? Your agent will advise us that a sale has been agreed on your property and at what price you have agreed with the buyer. We’ll contact you to confirm the sale and 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 pays the balance off when I sell? If you have a Mortgage or any other loan secured on the property you are selling, your solicitor will arrange for this to be repaid directly to the lender out of the sale proceeds on Completion of the sale. p.

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

SELLING A PROPERTY Don’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’s a good time to think about making a Will, or reviewing the Will you may already have. Our team of experienced solicitors are on hand to talk to you about this. We know that you’ll have a million and one things to remember or think about on moving day, so we’ve put together a handy checklist of whom you should inform of your new address at the end of this booklet. Whilst the checklist is not exhaustive, it should give you a head start on who to notify that you’ve moved. p.

MEET THE TEAM Our property team prides itself on providing the very highest level of professional and personal service to clients. We deal with all aspects of residential property transactions and, having been in Bournemouth for over 0 years, we have built some very long-standing relationships with local agents and surveyors that enable us to provide the very best service to meet all our clients requirements. To view Owen Baker Mark PrOctOr Partner the entire and team, Partner Head of Property visit absolicitors.com Owen and Mark are supported by an experienced team of qualified Legal Executives and Assistants. This support enables us to keep in constant contact with you by telephone, email and face to face meetings, ensuring that you fully understand the process throughout. This also gives both you and us opportunities to raise any concerns as and when they arise, with the aim of progressing your matter as quickly and smoothly as possible, whilst keeping stress levels to a minimum! p.0

HOUSE MOVE CHECKLIST Financials Services Motor Vehicles Employer Gas/Electric Vehicle Insurance Bank/Building Society Water/Sewerage Driving Licence Finance Agreements/Loans Council Tax Breakdown Cover Home Insurance TV/Phone/Broadband V5C/Vehicle Tax Companies Store/Credit Card TV Licence Companies Inland Revenue Royal Mail National Insurance Mailing Preference Service Online Shopping Services Library Mobile Phone Companies Child Benefit Income Tax/Tax Credits Health 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.

B Easy as absolicitors.com Bournemouth Highcliffe Moordown Winton Kingsway House  Lymington Road  Wimborne Road  Wimborne Road  Christchurch Road Highcliffe Moordown Winton Bournemouth Christchurch Bournemouth Bournemouth BH JY BH EB BH DJ BH AW 00  0 0 00 00 00 6 Aldridge Brownlee Solicitors LLP is a limited liability partnership registered in England under number OC0 Registered office: 13 Christchurch Road Bournemouth BH1 3JY p.