Selling a Property?Let Newstead & Walker guide you through the process.The final stage: CompletionThe buyer's solicitor transfersthe purchase money from theirbank account to your solicitor'sa while, particularly if you areThe timescaleIf you have already moved out, selling a leasehold propertyand the buyer does not requirea mortgage, a sale can in theory This takes place between yourbank account, thebe completed in a few daysHowever, buying a propertyusually takes 6-10 weekstotal including the exchange of contracts, send the contracts to he buyer. This all happens on thecontracts and completion.This takes into accountmortgages and the buying chainExchangeofsolicitor and the buyer's solicitor. the property is transferred to theThey check that you and thebuyer have signed identicalbuyer, and your solicitor arrangesfor the keys to be handed over toeach other straight away and completion day agreed, asconfirm the completion date.part ofthe contract.Let us know as early as possible exchanged is the transactionOnly when contracts have beenWhat causes delays?Delays can be caused by aif you have a particular timescalein mind, for example if you aremoving abroad: there is always apull out of the transaction withoutchance to put forward a "targetcompletion date.legally binding. Until then, either number of factors including a longparty can renegotiate, or evenng chain,Elspeth Harrow, Partnerany obligation or liability to theother side.or unexpected enquiries followingthe house checks. At NewsteadE speth.& Walker we offer a personalWhat's the first step?When you instruct a solorto Once exchange of contracts has service provided by a team ofact for you, they will give youa number of forms to complete (moving day) becomes definite.about the property you areselling. You will also need tosupply an energy performance removals until exchange ofcertificate, and provideidentification. Meanwhile, thebuyer and their mortgage lender there are delays.) We recommend Nathan Huill on owill arrange a valuation of your that you allow 7-10 working days We are happy to recommendhouse and a surveyor will inspect between exchange of contracts local, professional surveyors andyour house for any issues. There and completion. To allow you to estate agents, but please be awareare also checks that need tobe carried out by the buyer'ssolicitor. This stage often takes needed for the purchase.happened, yourcompletion day fully qualified and experiencedSolicitors. You will be looked afterYou can now confirm movingarrangements. (Don't bookby the same solicitor throughoutthe selling process to help the salerunFor more information, pleasecontracts has actually takenplace, or you may lose money ifcOmake arrangements, pack up andtransfer any additional moneythat we act independently. We donot pay a referral fee or accept acommission from any third partyNathan Hull, SolicitorNathan.Hulle NewsteadWalkerco.ukNewstead& WalkerSolicitorsThe Law Firm for Otley and the Wharfe ValleyContact one of our specialist qualified solicitors today for advice onFamily, Employment, Civil Disputes & MediationProperty: Residential Sales & PurchasesProperty: Commercial & AgricultureWills, Probate and Trusts()NEOPLLexcel resolutionConveyancingQualityfirst for family lawInheritanceQualityLaw SocietyzeditedMercury House, Mercury Row, Otley, LS21 3HQ Telephone: 01943 461414www.newsteadwalker.co.uk

Date: 26 April 2018

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Selling a Property? Let Newstead & Walker guide you through the process. The final stage: Completion The buyer's solicitor transfers the purchase money from their bank account to your solicitor's a while, particularly if you are The timescale If you have already moved out, selling a leasehold property and the buyer does not require a mortgage, a sale can in theory This takes place between yourbank account, the be completed in a few days However, buying a property usually takes 6-10 weeks total including the exchange of contracts, send the contracts to he buyer. This all happens on the contracts and completion. This takes into account mortgages and the buying chain Exchange of solicitor and the buyer's solicitor. the property is transferred to the They check that you and the buyer have signed identical buyer, and your solicitor arranges for the keys to be handed over to each other straight away and completion day agreed, as confirm the completion date. part of the contract. Let us know as early as possible exchanged is the transaction Only when contracts have been What causes delays? Delays can be caused by a if you have a particular timescale in mind, for example if you are moving abroad: there is always apull out of the transaction without chance to put forward a "target completion date. legally binding. Until then, either number of factors including a long party can renegotiate, or evenng chain, Elspeth Harrow, Partner any obligation or liability to the other side. or unexpected enquiries following the house checks. At Newstead E speth. & Walker we offer a personal What's the first step? When you instruct a solorto Once exchange of contracts has service provided by a team of act for you, they will give you a number of forms to complete (moving day) becomes definite. about the property you are selling. You will also need to supply an energy performance removals until exchange of certificate, and provide identification. Meanwhile, the buyer and their mortgage lender there are delays.) We recommend Nathan Huill on o will arrange a valuation of your that you allow 7-10 working days We are happy to recommend house and a surveyor will inspect between exchange of contracts local, professional surveyors and your house for any issues. There and completion. To allow you to estate agents, but please be aware are also checks that need to be carried out by the buyer's solicitor. This stage often takes needed for the purchase. happened, your completion day fully qualified and experienced Solicitors. You will be looked after You can now confirm moving arrangements. (Don't book by the same solicitor throughout the selling process to help the sale run For more information, please contracts has actually taken place, or you may lose money if cO make arrangements, pack up and transfer any additional money that we act independently. We do not pay a referral fee or accept a commission from any third party Nathan Hull, Solicitor Nathan.Hulle NewsteadWalkerco.uk Newstead & Walker Solicitors The Law Firm for Otley and the Wharfe Valley Contact one of our specialist qualified solicitors today for advice on Family, Employment, Civil Disputes & Mediation Property: Residential Sales & Purchases Property: Commercial & Agriculture Wills, Probate and Trusts ()NEOPL Lexcel resolution Conveyancing Quality first for family law Inheritance Quality Law Society zedited Mercury House, Mercury Row, Otley, LS21 3HQ Telephone: 01943 461414 www.newsteadwalker.co.uk

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