If the decision is to approve your application, your Property Manager will advise you in writing and instruct the Council’s Surveyor.
We will ask for a plan of the land to be drawn up by the Councils Land Surveyor. It will show the measurements of the site and any constraints (i.e. public services).
The Surveyor will not normally contact you until these plans have been completed.
The Surveyor will normally wait until the Land Surveyors plans have been received and then prepare a valuation of the land/property.
The Surveyor may also make a site visit in the course of this preparation work.
The Surveyor will then make contact with you to agree to the terms and conditions of the sale.
Once all of the terms and conditions have been agreed with you, the Council’s Solicitors will be instructed to prepare the legal documents.
At this stage, you should think about contacting your own Solicitor.
Next, your Solicitor will send a set of Preliminary Enquiries to the Council. This is a set of questions covering matters such as, who is responsible for the boundaries and what fixtures and fittings are included in the sale price.
Once the contract terms are agreed and your Solicitor has received satisfactory replies to all of the Preliminary Enquiries, Contracts for Sale can be signed and formally exchanged. It is at this point that the transaction becomes “binding”.
The signed contract will include a completion date. This is the date when the land/property becomes yours.
At the point of exchange of contracts you are likely to have to pay a deposit to the Council through your Solicitor, usually, this is 10% of the sale price.