Transfer of Equity
Power of Attorney
Tax and Trusts
have contacted your Estate Agents and have marketed your property,
stating what offers you are expecting to receive on the property.
You have accepted an offer on your property and Instruct a Solicitor.
Your Solicitor will then send you the relevant forms you need to complete for the Purchaser.
You arrange to leave the keys with your Estate Agent to allow the Purchasers Surveyor access to the property.
Solicitor will draft a Contract of Sale, taking into account any
special conditions agreed with the Purchaser’s Solicitor on your behalf.
Your Solicitor will reply to any enquiries raised by the Purchaser’s Solicitor.
Your Solicitor will send the Contract to you for signature and return.
You search for removal companies, getting various quotes.
Your Solicitor check the Redemption Figure on your mortgage (if you have one to redeem)
You return the signed contract to Your Solicitor.
Solicitor will Exchange Contracts and confirm the Completion Date on
your behalf with the Purchaser’s Solicitor. It is now that Your
Solicitor will receive the deposit from the Purchaser.
Your Solicitor will contact your current Mortgage Lender and request final settlement figures (if applicable).
You will arrange the handover of keys with your Estate Agents.
You will book the Removal Company.
Solicitor will send you the Transfer Deed for signature and return, who
will then hold the Deed until Completion and all monies have been
You will return the signed Transfer Deed to Your Solicitor.
Solicitor will complete with the Purchaser’s Solicitor, receive the
remainder of the Purchase Monies, pay off any mortgage or loans you
have specified, take their fees and pay the Estate Agents; the
remainder of the monies will be transferred to your Bank Account.
You will then vacate the property.
Your Solicitor will send you a Completion Statement (financial summary of all transactions) and Final Invoice.
Your Solicitor will reassign Life Assurance Policies where applicable.
Your Solicitor will send the Deeds onto the Purchaser’s Solicitor.