Have received an offer on house, what should happen next?

[Bakeoffcakes]

Hi, the title says it all really. Can anyone give me a list of things that should happen next with this process. We last moved 11 years ago and I cant remember what happened and who should be doing what.

TIA

Are you selling through an estate agent? Have you accepted the offer?

Do you have anywhere to go yet? Instruct a solicitor to expect paperwork from the purchaser's solicitor. They will probably send a surveyor around, essential for a mortgage, less so for a cash buyer. Eventually you will receive a pack of enquiries about your property. Might be worth having any guarantees, policies, permissions, service history for boiler etc handy. Once buyer's solicitor is happy with responses and has done searches , mortgage offer and so on you will get a contract of sale. If you are redeeming your mortgage you may need to give notice to the lender to avoid early redemption fees or to renegotiate a package for a new property if buying again.

Yes and yes

Let estate have details of your solicitor.

They should send you and all parties a memorandum of sale with the your buyers details, your details, and both sets of solicitors.

Everything will seem slow for a bit, but your buyers should be getting their surveyor round for mortgage purposes and their own peace of mind. The solicitors will be working towards getting a contact ready for signing, and will need to send you a list if questions you need to answer about the property.

Exciting!

Do you need to find a property to buy?

Oh thank you LIZS for all that info.

We are going to put an offer in on a house tomorrow. we want to take our mortgage with us, (It's a lifetime tracker of .29 above base rate) because its interest only we've been we will have to convert to repayment, which is fine by us, but we will need to go through the whole process as if we were new customers.