Below are frequently asked questions which arise during the selling and buying process and which may be of assistance to you if you are embarking on such a transaction, particularly if you are doing this for the first time.

We hope this guide helps you to follow the steps involved in the conveyancing process. If you have any questions please do not hesitate to contact us and discuss your requirements with one of our conveyancing team. At various stages during the transaction we will need to discuss matters with you and take your instructions on various aspects of your proposed sale and/or purchase so will be in regular contact with you.

Where do I start?

How do I sell the property?

What conveyancing costs will I incur?

When should I instruct Seldons?

What happens when I have agreed to sell my property?

What happens next?

What goes in the contract?

What happens after that ?

What is exchange of contracts?

What happens next?

What happens on completion day?

Is that it finished?

Where and what should I buy?

How do I know how much to pay for my new property?

I have found a property and agreed a price - what do I do next?

What conveyancing costs will I incur?

Do I need a mortgage?

When do I have the property surveyed?

What will be in the contract package?

Meanwhile, on your behalf ………

When do I pay the deposit?

What is exchange of contracts?

Until now the transaction is not binding on either party. All you have is a “gentleman’s agreement”. You may also be involved in a chain of transactions in which nobody will want to exchange contracts on their purchase before they have exchanged contracts on their sale. The parties to the transaction are legally bound only when a completion date is agreed and contracts are formally exchanged. This will only take place with your clear and specific instructions. Once contracts have been exchanged if you break the contract then you may face a substantial financial penalty.

What happens between exchange and completion?

…And on completion day…

After completion of your purchase ….