Selling Your House

What are property information forms?

Made up of two or three forms – property information, fixtures, fittings and contents and leasehold information if it is leasehold. Gives all the initial information needed by the buyers – forms must be completed accurately to the best of the seller’s knowledge – seller can be liable for compensation if information is withheld or incorrect information given – need only answer to the best of your knowledge – can legitimately answer “don’t know” if you genuinely don’t

Other frequently asked questions

	How much is my house worth?
	Do some research – get an idea of how much your house is worth http://www.mouseprice.co.uk/ - Look in
	How should I choose an estate agent?
	Should be a member of the National Association of Estate Agents - http://www.naea.co.uk - have Code of
	My estate agent wants me to sign a contract giving him ‘sole agency rights’. Is this a good idea?
	This ties you into a an agency for a particular period of time – if the property is sold during that
	My estate agent wants me to sign a contract giving him ‘sole agency rights’. Is this a good idea?
	This ties you into an agency for a particular period of time – if the property is sold during that
	I want to advertise my house with lots of different agents. Can I do this?
	Advertising with lots of agents can sound like a good idea – ensures that you get lots of extra v
	I want to sell my house privately. Is this a good idea and how do I do it?
	It depends – you are likely to pay far less in terms of commission, but you will need to do a lot more
	I have instructed an estate agent to sell my house, but a friend of mine now wants to buy it. Do I still have to pay the agent?
	Depends on agreement with agency – some have provisions that can mean you have to pay commission to them
	What is conveyancing?
	Technical name for the legal work carried out during the process of buying or selling a house or
	Where are my deeds?
	One of three places – with the conveyancer who acted when you bought the house, with your mortgage len
	What are ‘Office Copies’?
	Old name for copy of land register – now called Title Information Document – requested by conveyancer at
	Why is my solicitor carrying out a bankruptcy search?
	Will be a requirement of your mortgage lender and the lender for your buyers – they must ensure
	What is involved in a remortgage
	This is simply where you pay off your existing mortgage lender with the proceeds of a mortgage from a
	My mortgage lender is charging me an early redemption penalty. What is this and can I avoid paying it?
	Most mortgage products have a penalty charge to pay if you redeem the mortgage within a certain period
	My buyers have asked me to extend my lease. How do I do this?
	Speak to your conveyancer – will need to determine who will pay for extension and other costs – if the p
	My buyer cannot give me a 10% deposit, but still wants to proceed with the purchase. Should I be concerned?
	Most house transactions traditionally have a 10% deposit – parties usually agree less if there is a good