Finalising the Sale
Finalising the Sale
What Do I Do With The Keys?
It is helpful if you clearly label each key. If you have used a selling agent give them one set of keys before the date of entry along with any details of alarm codes etc…
Keep the other sets of keys until you leave the house and simply put them through the letter box of your old house when you leave. If you did not use a selling agent discuss with Conveyancing Direct the arrangement for the handover of keys.
What Does Conveyancing Direct Do Next?
We send out the title to the purchaser's solicitor who prepares the new title. You will be asked to sign the title transfer document called a disposition which must be in our hands by the date of entry. Conveyancing Direct will instruct search reports from local and central Government departments.
The search reports will be sent to the purchaser's solicitors and if these are in order the purchaser's solicitor will send the price to us in time for the date of entry. In exchange for this money the title deeds are sent to the purchaser's solicitor and we will authorise release of the keys to the purchaser. We must pay off your mortgage for an amount requested by your lender. In the following days we will give you a statement showing all the money we have received and paid on your behalf - we will send you a cheque for any balance due to you on the statement.
What if I Don't Accept Conveyancing Direct's Figures?
Raise an issue.
Be careful however with the figure to pay off your mortgage - we must pay the figure given by your lender. If a mistake is made by the lender it will reimburse you once it has squared the loan off through its accounting system. Also remember that the amount required to pay off your mortgage is invariably more than the sum outstanding as lenders have the right to charge a redemption charge, possibly an early redemption penalty and any arrears.
Is That It Finished?
That should be all! Remember Conveyancing Direct are on hand for all your conveyancing queries, contact us today!