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Residential Property

Residential property - Procedures for selling and buying a UK house
  • Check you can get a mortgage and have enough money for a deposit.
  • Ensure you have enough money to pay the moving costs which include legal and solicitors fees, valuations, surveys, stamp duty and removal costs.
  • Get your property valued by an estate agent, most will provide a free valuation.
  • Click here to identify estate agents in your local area.
  • Decide which valuation you feel is most appropriate and the estate agents you would prefer to sell your house with.
  • Engage your chosen estate agent. Prices cost between 0.5% and 1.5% of the property value for the estate agent to see you house.
  • Obtain an initial insurance quote for a residential property.
  • Get the residential property ready for selling (link to selling_ a_house)
  • Put the property up for sale - a For Sale board provides an additional method of advertising you wish to sell.
  • You may also wish to sell via auction.
  • Accept an offer on your house
  • Find a new home, locate local estate agents or look on the internet (link)
  • Arrange a survey either a homebuyers report or a building survey
  • Confirm the offer price
  • Arrange an exchange date and buy your new home
  • Ensure a deposit is accessible
  • Book buildings insurance
  • Fill out fixtures and fittings form
  • Exchange and sign contracts
  • Organise and book removals
  • Prepare money
  • Organise transfer of utilities
  • Notify change of address - consider post office redirection
  • Moving day - sort out own cleaning in old and new house
  • Take meter readings and report to utilities

The details published on this site are intended for information only and should not be construed as advice under the Financial Services Act 1986. You are advised to take appropriate professional and legal advice before entering into any binding contracts.
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