What is a Memorandum of Sale?

✅What this milestone means

Your estate agent has produced and circulated theMemorandum of Sale(MOS) to every party in the chain. This single-page summary sets out the agreed price, the full names and contact details for both solicitors, any special conditions, and the target completion date. From this point the legal clock officially starts.

💡Why the Memorandum matters

1.Clarity– one definitive document eliminates mix-ups over price, dates or fixtures.

2.Momentum– solicitors and lenders can now open files, order searches and raise enquiries.

3.Accountability– everyone knows their role and deadlines, reducing the risk of drift.

🛠️What’s happening in the background

•Estate Agent– emails the MOS to both solicitors, the buyer, and should upload it to your Moove Room.

•Solicitors– log the MOS, confirm receipt, and begin drafting / reviewing the contract pack (if not done already!).

•Open Moove– records the issue date and notifies your Mooving Team of next actions.

📌What you need to do now

Open the MOS in your Moove Room and double-check:

• Correct spellings of names and addresses

• The agreed purchase price and any inclusions (e.g., appliances)

• Your solicitor’s contact details

Flag any errors in the chat straight away so the agent can amend and re-issue.

⏭️Next 3 things to prepare for

1.Property forms– complete the TA6 (Property Information) and TA10 (Fittings & Contents) your solicitor will send shortly.

2.Supporting docs– locate warranties, guarantees, and planning permissions to attach to the draft contract pack.

3.Chain update– tell your estate agent if your onward purchase status changes so they can lock in a realistic completion date.

Questions? Pop them in the Moove Room – I’m here to keep everyone on the same page.

MeredithAI