Whether you are acting for a vendor or a Purchaser, clicktopurchase® makes your job easy.
Selling
When your client is wishing to offer a property for sale using clicktopurchase®, your client’s agent and the vendor is able to react to the market and use the platform to close a sale by exchanging contracts immediately online by private treaty or “best offers”.
The contract of sale and legal package
Completion of the legal package will enable your client and their agent to exchange online with verified bidders should an acceptable clicktopurchase® offer to treat be submitted, as well as run binding “best offers”.
The agent is able to provide administration access for a vendor’s solicitor to execute the exchanges online. Contact the agent should you require such access.
Contract Suite
As a vendor’s solicitor, you will need to complete the contract suite by completing the Special Conditions of Sale.
Property Contract Suite:
Please refer to these documents when you supply the completed Special Conditions of Sale.
Legal Package
When you provide the documentation, we recommend that you supply as “PDFs” numbered and labelled in accordance with your Document Index.
The faster you can supply the complete package, the faster a property can be offered with clicktopurchase®. Therefore, we recommend you collate the appropriate information as quickly as possible. We advise that premium search provider services are used.
We provide an ability for the vendor’s solicitor to upload the legal documentation directly. Should you wish to have this ability, the selling agent can provide access by sending you an appropriate confidential link generated by the platform.
We recommend the specific documentation for each sale to include:
SPECIFIC DOCUMENTATION FOR EVERY SALE
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Completed “Amended Conditions”
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All documents listed in Document Schedule as contained in Amended Conditions
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Energy Performance Certificate
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BER certificate with advisory report
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Land Registry approved map
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Vendor’s tax number
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Vendor’s tax type
Vendor’s Solicitor’s Details
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Name of firm
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Address of firm
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Telephone number of firm
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Name of solicitor dealing
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Email of solicitor dealing
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Solicitor’s reference
clicktopurchase® is not responsible for completion of the legal package. We recommend that you, as the vendor’s solicitor, confirm that you are happy with the legal package before clicktopurchase® is activated for a property.
Client Account Information
You will need to supply the selling agent with your client account information for entry into the clicktopurchase® system. This information is automatically sent to a successful Purchaser and their solicitor but is not made public:
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Account name: XXX
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Bank name and address: XXX
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Account number: XXX
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Sort Code: XXX
Formation of a contract of sale
If a clicktopurchase® offer is accepted by the agent on behalf of the vendor, an instant online contract exchange occurs. You will receive email notification automatically along with a copy of the Memorandum of Agreement.
The Purchaser and their solicitor will receive an email advising where the contract deposit is to be sent.
Figure: Email showing an accepted offer
Figure: Memorandum of Agreement
Contract Amendments
Contract amendments, if required and agreed, can be fast and easy by either amendments to the Special Conditions of Sale, or by way of an Addendum of Sale. Typically, clicktopurchase® sales do not require any contract amendments.
Buying
If you are advising a prospective purchaser, you will be able to view and download the legal package relating to the property in question. You will be able to contact the vendor’s solicitor if you have any queries.
Verification Process
You will also be required to complete a Money Laundering Form to confirm the identity of your purchasing client. You will receive an email notification when the bidder completes the online verification form relating to the property in question.
Should the seller or agent require, the verification email may also attach a further specific form seeking additional information as part of the verification process.
Figure: The email showing that a verification form has been completed
Figure: The Money Laundering Certificate sent to the solicitor
Formation of a contract of sale
If your client’s clicktopurchase® offer is accepted by the agent on behalf of the vendor, an instant online contract exchange occurs. You will receive email notification automatically along with a copy of the Memorandum of Agreement.
Figure: Email showing an accepted offer
Figure: Memorandum of Agreement
You must now abide by the terms of the contract and send the Deposit.
Contract amendments
Contract amendments, if required and agreed, can be fast and easy by either amendments to the Special Conditions of Sale, or by way of an Addendum of Sale. Typically, clicktopurchase® sales do not require any contract amendments.
