Selling your Property
When an owner is selling their property, their Solicitor should notify us of the date of sale and identify the successor to the ownership. Upon this, we as the factor will issue a final account and make any refunds necessary.
A deposit is charged to all new incoming owners. This sum will be repaid to the owner, net of any outstanding charges owing to us when the property is sold, and the incoming owner has deposited their float with us.
It is important that we receive this information prior to the sale otherwise you may still be liable for any charges.
A fee will be charged to lending authorities requesting copies of key documents in relation to renovation works e.g., building warrant, completion certificate.
The undernoted charges (subject to annual review) will be applied to the seller’s final factoring invoice to reflect the additional administration involved in this process and corresponding with the seller’s Solicitors.
- £80 – More than 28 days notice of the date of entry
- £120 – Less than 28 days’ notice of the date of entry
- £25 – Admin fee for issuing amended accounts due to a change of the date of entry