What happens now?

Tiddleshalifax

sorry for the ridiculous question but so far

Sold our house 19/5 and had offer accepted on purchase 24/5. 

Around 11/6 the searches were requested and all properties surveyed and mortgages accepted by 18/6.

roday we’ve had our mortgage deed which will be returned tomorrow but realistically what happens next?

im clueless because we are selling our first purchase so don’t know what to expect! 

MaryNB

I presume you didn't actually sell it on the 19th of May. You just accepted an offer. 

If the mortgages and surveys are sorted you just need to wait until all enquiries are answered by solicitors, you need to have filled in the Fixtures and Contents and Property information (TA6) form and sent them to the buyers via solicitors. The searches could take a while to come back depending on your local authority.

Once all the legal work is nearing to a close you, your buyer or your seller should propose exchange and completion dates and then exchange once the legal work is complete and lenders have agreed to release funds in time for completion.

Tiddleshalifax

MaryNB said:

I presume you didn't actually sell it on the 19th of May. You just accepted an offer. 

If the mortgages and surveys are sorted you just need to wait until all enquiries are answered by solicitors, you need to have filled in the Fixtures and Contents and Property information (TA6) form and sent them to the buyers via solicitors. The searches could take a while to come back depending on your local authority.

Once all the legal work is nearing to a close you, your buyer or your seller should propose exchange and completion dates and then exchange once the legal work is complete and lenders have agreed to release funds in time for completion.

Yes sorry - for clarification we accepted our offer.

we’ve completed the ta6 and our solicitor has sent this on and we’ve received the one for the property we are buying. 

Ooh so not much more to do

thank you!! I feel like the solicitor just expects you to know what’s happening next etc

Irishpearce26

I would say you are about 3-4 weeks away from completion albeit the enquiries don't throw up anything complicated.

Tiddleshalifax

Irishpearce26 said:

I would say you are about 3-4 weeks away from completion albeit the enquiries don't throw up anything complicated.

Fingers crossed!!

I did phone the solicitor about something today and they told me they’re aiming end July x