Selling your property? The Draft Contract Pack is key! It includes vital forms (TA6, TA10) and draft contracts for the buyer's solicitor to review and raise enquiries.
The Draft Contract Pack covers information such as the contract terms that have been agreed with the buyer, details from the Title Deeds and Property Information forms. The contracts will be assessed by the buyer’s solicitors to review the information provided about your property and to raise any enquiries that they may have.You are required to complete a TA6 and a TA10 form and for this to be included in the Draft Contract Pack. From drainage and sewerage, through to planning permission, it’s all in there. These forms, as well as the rest of the Contract Pack, will be used by the buyer’s solicitor to raise enquiries.
Now that the draft contract pack has been sent to the buyer’s solicitors, your time with the New Instructions Team is now complete. It is our job to prepare your file to be handed over to your Legal Team. Once your file has been allocated to your Legal Team, they will work with the buyer’s solicitor to receive their enquiries as quickly and efficiently as possible.On average, it takes between 14-21 working days to receive the first enquiries from the buyer’s solicitor.
At this stage you are all caught up and will be notified when your file has been allocated to your Legal Team. Keep an eye out on your emails for a member of your Legal Team to introduce themselves and answer any questions that you might have.
The draft contract pack includes:
You can find out more about these documents in the previous guide.
Your buyer’s solicitor will use the information in the draft contract pack to order the property searches and proceed with the purchase. The buyer’s solicitor will also review the draft contract pack as a whole and may raise enquiries. These enquiries could be anything from whether the extension on a property has planning permission, through to any covenants that exist on the property.We will explain enquiries in our “Draft Contract Enquiries Received” blog.That’s everything you need to know about the Draft Contract Pack! Now, we will allocate your file to your Legal Team. We will explain their role and what happens next in the next guide.
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