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Freeths - Law firm

Buying & Selling Property

Key stages of the process

What is involved?

Buying a new home or selling your old one can be complicated, but our experienced team can help you through the process. Below is a basic summary of the key stages, so you know what to expect.

Call our friendly Residential Property team to find out more about how we can help you.

Why choose Freeths?

  • Our qualified residential property lawyers will keep you updated throughout the transaction
  • We will explain each stage for you in plain English to make the process easy as possible
  • You can trust our lawyers to be readily available, approachable and upfront about costs

For More Information

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1. Acceptance of Offer

If you’re buying:

  • Appoint solicitors – pay money on account for searches and provide your ID documents
  • Agents to provide all parties with memorandum of sale
  • Apply for a mortgage if required

If you’re selling:

  • Appoint solicitors and complete property information forms
  • Agents to provide all parties with memorandum of sale
  • Solicitors to provide contract pack to buyer’s solicitors

2. Before the Exchange

If you’re buying:

  • Searches and enquiries to be concluded
  • Solicitors to report to you fully
  • If applicable, mortgage offer to be received by solicitors and you
  • Contract to be signed

If you’re selling:

  • Deal with all buyer’s enquiries and sign the contract

3. Exchange

This is when the deposit will be paid to the seller’s solicitors (10% of the purchase price), terms are agreed, and the mutually convenient completion date is agreed. The contract is now legally binding.

4. Before Completion

If you’re buying:

  • Transfer and mortgage deed to be signed
  • Balance funds to be sent to solicitors in time for completion
  • Solicitors will draw down mortgage and make final pre-completion searches

If you’re selling:

  • Transfer deed to be signed
  • Solicitors will obtain final redemption statement from mortgage lender (if applicable)

5. Completion

If you’re buying:

  • Balance of funds are paid to seller’s solicitors
  • You are now the legal owners and keys can be collected
  • Legal fees and Stamp Duty Land Tax are payable

If you’re selling:

  • Vacant possession must be given (where agreed) by the time specified in the contract
  • Upon receipt of funds from buyer’s solicitors the keys to the property will be released
  • Any mortgage will be redeemed
  • Estate agent’s and legal fees are payable

6. Following Completion

Solicitors deal with SDLT formalities and register buyer as the new owner at HM Land Registry and net proceeds of sale are paid to the seller.

Meet the team

Buying & Selling Property Lawyers


Melissa Coleman, Associate

Melissa Coleman
Associate

0186 578 1162

Kristal Dales, Licensed Conveyancer

Kristal Dales

0186 578 1007

Joanne Edwards, Associate (Licensed Conveyancer)

Joanne Edwards
Associate

0186 578 1149

Maxine Endicott, Solicitor

Maxine Endicott
Solicitor

0186 578 1171

Rebecca Maeers
Director

0845 077 9583

Lesley Pollock, Director

Lesley Pollock
Director

0845 128 6968

Linda Robinson, Licensed Coneyancer

Linda Robinson
Solicitor

0186 578 1141

Laura Smith, Senior Property Executive

Laura Smith
Senior Executive

0845 050 3663

Related news
Testimonials

"They are superb. It's thanks to them that we got through our matter without having a nervous breakdown. I can't recommend them highly enough."

(Chambers & Partners 2016)

"They are extremely thorough, very knowledgeable and possess good communication skills."

(Chambers & Partners 2016)

"Thanks again for the work you did on my house purchase, it all went extremely smoothly and your team were brilliant, I couldn't have asked for a better service."

"I would like to say how much I appreciate the professionalism and diligence you have demonstrated in dealing with this case and, in my mind, the unacceptable complications that have arisen."

"I do want to thank you for the excellent way in which you managed all the professional work in connection with my move. I very much appreciated the fact you were aware of the necessity for haste and that you were always available for meetings to fit in with my own schedule."

"It's very difficult to find a good Solicitor - often the big companies have too many clients and forget about you. Freeths know their clients and Laura is highly professional."

"Thank you so much for your hard work and patience in bringing our purchase to a successful close."

"How refreshing it is to have Sarah Duffy onside - she is so efficient and helpful and friendly."

"I have to thank you from the bottom of my heart for being such a super solicitor! Your respect to reply quickly to emails on all occasions, your swiftness in dealing with matters including any postal correspondence - I have never experienced such efficiency when buying and selling many properties over the last 35 years."

"Lesley Pollock, who handled our conveyancing, was first rate. We would happily recommend her to friends and use her again."

(Mr and Mrs E, Private Clients)

Notable Work
  • Acting on behalf of a client purchasing a new build Central London Apartment in excess of £1.5 million as an investment property. This purchase was somewhat complex due to the size and location of the development.
  • In her work for high profile individuals, Melissa has acted on the purchase of London properties with sale prices in excess of £10 million.
  • Purchase of a £3 million leasehold property in Westminster with a deadline for exchange of just seven hours.
  • Numerous acquisitions of London apartments for high net worth individuals.
  • The acquisition of a landed estate extending to 2,725 acres for a sum in excess of £27 million. Including Grade II* listed Hall, arable land comprising 6 farms let on a mixture of Agricultural Holdings Act tenancies and Farm Business Tenancies, woodland, commercial properties and numerous residential properties.
  • Advised on title and tenancy issues and identified SDLT savings.
  • Exchange of Contracts for the sale of a freehold property within 48 hours of instruction.
  • The acquisition of an arable farm for a sum in excess of £8.4 million including Grade II* listed Manor House, yard with development potential and agricultural buildings and incorporating the grant of a Farm Business Tenancy between exchange and delayed completion.

Client service

‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.

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Talk to us

Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?

Contact: 03301 001 014

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