Seller Guide
Congratulations! You've accepted an offer on your property but what next? In the guide below we cover everything you need to know.
Next you'll be granted access to our Sales progression system - Hoowla. Our team will be bringing you regular updates via hoowla and you'll receive a notification every time they have a solicitor update.
Sometimes there are shortened down abbreviations from Solicitors if they have updated the system. Here are the meanings....
AIP - Agreement in Principle - this is the initial enquiry your buyer will have made with a mortgage lender. The mortgage lender is agreeing in principle to lend them the money required to buy your property. At this stage the lender hasn't seen payslips or bank statements so its all based on the applicant telling the truth. They usually do a soft search credit check at this stage. We insist on seeing this AIP before someone can make an offer on any of our Vendors properties.
MO - Mortgage Offer - This is what the buyer will get after applying for the mortgage and the lender has fully underwritten the case. This means they have checked all the applicants bank statements, Wage slips, done full credit check and fully approved the application.
MOS - Memorandum of Sale - This is drawn up by Keystone right after you accept an offer. It's a document that lays out who everyone is - Buyer, seller and the two solicitors representing them. It also confirms the address of the property being sold and the agreed price.
Everything else is explained in the guide but we'll be with you every step of the way so please feel free to call us any time for updates.
Not into technology and prefer a good old fashioned phone call to update you? Absolutely no problem - give your dedicated consultant a call and let them know you would prefer updates via a phone call.