The Kingfishers Guide To Moving House
The Start of Your SaleContact us as soon as you are
- proposing to put your property on the market with an estate agent
- or when a buyer has been found
- or you are optimistic that an offer will shortly be made
Kingfishers will commence your property sale
The sale process will usually follow these steps
- We will review the proposed agreement with your Estate Agent to ensure that you fully
understand its legal implications and to negotiate any changes on your behalf.
- We will apply for the title deeds from the lender, to ensure that there is no delay
in issuing a contract once negotiations have been finalised
- We will give you a breakdown of the costs involved
- You can complete a Sale Questionnaire and Fixtures and Fittings List to enable us to
issue the contract promptly
- A draft contract will be issued to the buyers lawyers, together with all the
necessary supporting documents.
- When the contract has been approved, we will ask you to sign this in readiness for
exchange of contracts.
- When the buyers have received their local search and mortgage offer and their lawyer
is satisfied as to the title, we will negotiate a completion date which will not normally be less than 10
working days from exchange, and the deposit. Contracts can then be exchanged.
- On the day of completion, you must clear and vacate the property by 12 noon, leaving
the keys with the Estate Agents.
- We will redeem your existing mortgage and settle the Estate Agents
The Purchase of Your New Home
Your DepositWhen you have agreed to purchase a
property, the Estate Agent will normally require you to pay a deposit.
If this happens, an allowance will be made for this at completion. Please let us know if you have paid such a
When you let us know you have found the home of your dreams, we will ask you to complete a Purchase Questionnaire,
the answers to which will assist us in our enquiries.
We will also ask you for money on account, so that we can carry out the preliminary searches.
When we receive the contract from the seller's lawyer,
(a) Approve the contract and title. We may feel it necessary to raise additional enquiries of the sellers’ lawyer.
When we are satisfied that all is in order, we will return one copy of the contract to the sellers’ lawyers, for
signature in readiness for exchange of contracts
(b) On receipt of your mortgage offer, (if applicable), we will apply for the Local Search, and any other searches
we consider appropriate.
If you require a mortgage, the offer has to be received from the Lender before exchange of contracts.
If you are arranging any new endowment or life policies, acceptance of risk must be received from the insurance
company before exchange of contracts. You may also need to have available Buildings Insurance. We can arrange a
quote if required.
When we have received the local search and offer of mortgage and have satisfied ourselves as to the title, we will
report to you and ask you to sign the contract and mortgage deed. We will also ask you for the deposit to be used
on exchange of contracts.
If you have a related sale, we will usually be able to arrange that the deposit received from your buyers is used
for your purchase and passed up the chain.
THE EXCHANGEAt this stage, we are ready to arrange an
exchange of contracts once a completion date has been agreed. It is at this stage, that stress levels rise!
However, we are here to take the strain.
The majority of people buying and selling are involved in A CHAIN! This means that there is a linked series of
transactions and EVERYBODY wants to sell and buy on the same day so that they do not have to pay for bridging
finance or rented accommodation.
We therefore have to wait until all parties in the chain have:- (a) A mortgage (b) A local search (c) Title
approved (d) Agreed a completion date (which is not normally less than ten working days from exchange) We will
liaise with the Estate Agents, and other lawyers until the exchange has been achieved.
When exchange has taken place, the completion date is legally binding and you can now swing into action and
organise your move.
Moving ChecklistThe following are just a few reminders
of the things you must deal with
- Arrange contents and buildings insurance (we can provide a quote for
- Contact Gas, Electricity, Water and Telephone Services, Arrange for meters to be read
and accounts to be transferred
- Book the removal van
- Cancel Bankers Order for Mortgage payments, after exchange of contracts
- Notify Local Authority of move and arrange apportioned account for council
- Notify all insurance companies premium bonds office employer Accountant dentist and
doctor schools church clubs banks building societies DVLC and Tax Office relatives and friends
- Arrange for friends to look after the children and pets on moving day!
- Arrange for mail to be re-directed
THE COMPLETION1. We will let you have a statement
showing all the costs and disbursements due and will draw this up as soon as possible so that you can arrange to
let us have the balance four days before completion.
2. On completion day, if you have a sale, we must wait for the buyers lawyer to send us the sale money by
telegraphic transfer before we can send out the money by the same method on your purchase. This means that it is
unlikely that you will get the keys to your new house before lunch time on the day of completion.
We suggest that you do not leave your old house, before you have checked with us that it is in order for you to do
so. If you just have a purchase, we can usually send the money quite early on the morning of completion, but you
are unlikely to get the keys before midday as you must allow the seller time to vacate the property.
FINALLY We hope this guide will be of some assistance and remove some of the uncertainty associated with moving
house. © Kingfishers, Licensed Conveyancers, Maidenhead, Berkshire
Copyright - 2007 - 2012 - Kingfishers
"The level of service and advice given was extremely high and
overall provided excellent value for money" Chris
"Thankyou for the professional way in which you helped move
into our new business premises. While many aspects of the move have been stressful and difficult you have calmly
ensured that the conveyancing aspect of the move was very smooth. We will definitely be coming to Kingfishers when
we move house. Ken Jones, Howards Blinds Ltd
"An excellent decision - the service was prompt, efficient
and friendly. I was kept informed at every stage of the proceedings and a potential problem was swiftly dealt with.
Thank you Kingfishers for a thoroughly professional but totally individual service."Maureen Winders, Chesham, Bucks.