Skip to content
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

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.

Would you like to talk to someone?

Contact our Buying & Selling Property team

Select office:

Call: 03301 001 014
Or email: Send an email

Alternativley complete the form below:

Contact Us

Testimonial

"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)

Testimonial

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

(Chambers & Partners 2016)

Testimonial

"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."

Testimonial

"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."

Testimonial

"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."

Testimonial

"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."

Testimonial

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

Testimonial

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

Testimonial

"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."

Testimonial

"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)

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.

Our service

arrow

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

Choose an office:

Portfolio close
People CV Email

Remove All


Click here to email this list of people to a colleague.