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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#41
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House buying process
Scott Mills wrote: week 3 - chase lawyer (I did this on an almost daily basis), how are the searches doing, is everything ok? exchange contracts. And I bet your solicitor (I presume that you don't mean that you tried to use a barrister?) was glad to see the back of you. This is one of the primary reasons that my wife avoids doing any private client conveyancing work in the lower end of the market. (she is a solicitor primarily specializing in commercial work). Namely the private punter ringing up every minute asking what's happening? have you done this that or the other? when they have been told what she is waiting for, from whom, the timescale and that they the will be informed when she has some information. Private clients seem not to understand that the more unnecessary time she spends on the phone to them when she has no updates means less time chasing for the updates. On the other hand she does handle domestic conveyances in the £1 Mill + range because those clients seem to have a much better understanding of the 'business' aspects of the matter. Namely that they are paying someone to handle their affairs - why by a dog and bark yourself? Because she takes a business-like approach to it she and not her firm, is the solicitor of choice in our town for at least one of the firms of estate agents that specializes in the top end of the market. Rant Mode Off Richard |
#42
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House buying process
Neil Jones wrote: When I moved in 2001 I asked the estate agent who sold our flat to suggest a solictor who would answer my calls and do the work promptly and accurately. The guy he suggested did exactly that and the move was almost stress-free, contrasting wildly with the time in 1997 when I used the cheapest solicitor, and paid for it. Yes, it was more expensive to use this guy because he takes on fewer clients, but the extra was well worth it. The estate agents are dealing with solicitors constantly and so they should know who is good, who is sloppy and who plays golf in the office. Regards Neil Thank you Neil, I've been waiting for someone to hit that nail on the head. Domestic conveyancing is simply not cost effective for many solicitors, so to make any money (and I don't mean the lovely profit for doing sweet FA that estate agents do) they have to operate on very high volume using low paid staff. Don't expect that the senior partner will be handling your £200K purchase when you are being charged a few hundred quid for your purchase. You makes your choice, pays your money and gets what you pay for. Rgds Richard |
#43
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House buying process
Richard Savage wrote:
Namely that they are paying someone to handle their affairs - why by a dog and bark yourself? No doubt with those £1M 'bones' the dog in question gives it some attention (no offence to Mrs. S!). With a £500 conveyance fee for a more modest dwelling, a daily kick up the backside is the only way of making sure your own issues are the ones that are chased up first. -- Chris Game All generalizations are false, including this one. |
#44
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House buying process
In article , Chris Game
writes Richard Savage wrote: Namely that they are paying someone to handle their affairs - why by a dog and bark yourself? No doubt with those £1M 'bones' the dog in question gives it some attention (no offence to Mrs. S!). With a £500 conveyance fee for a more modest dwelling, a daily kick up the backside is the only way of making sure your own issues are the ones that are chased up first. Why does the soliciting profession "have" to be involved?. Cant another way be invented?.. -- Tony Sayer |
#45
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House buying process
Richard Savage said
Namely the private punter ringing up every minute asking what's happening? have you done this that or the other? when they have been told what she is waiting for, from whom, the timescale and that they the will be informed when she has some information. Private clients seem not to understand that the more unnecessary time she spends on the phone to them when she has no updates means less time chasing for the updates. While that may well be true from her perspective - what about the solicitor who is just waiting and waiting and waiting for some paperwork but doesn't bother to make a simple phone call to chase it until harassed by the client? I have found this to be the case on several occasions - so it cuts both ways. -- It’s a disaster. This is not what we were expecting. Ferrari were not supposed to go this fast." - Bernie Ecclestone - |
#46
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House buying process
In message , Freda
writes Richard Savage said Namely the private punter ringing up every minute asking what's happening? have you done this that or the other? when they have been told what she is waiting for, from whom, the timescale and that they the will be informed when she has some information. Private clients seem not to understand that the more unnecessary time she spends on the phone to them when she has no updates means less time chasing for the updates. While that may well be true from her perspective - what about the solicitor who is just waiting and waiting and waiting for some paperwork but doesn't bother to make a simple phone call to chase it until harassed by the client? I have found this to be the case on several occasions - so it cuts both ways. I find the same thing on many occasions. A sellers solicitor is waiting for something from a buyers solicitor, the buyers solicitor thinks they are waiting for something from the sellers solicitor, or vice versa - or one believes they have already answered a query as much as they need to, and the other doesnt. Often when we query it, they tend to respond by writing a letter. I cant understand why they dont pick the phone up to each other. Then we estate agents get the blame for any delays!!! g -- Richard Faulkner Faulkner & Faulkner Tel: 0161 881 6087 Fax: 0161 861 7636 web: www.estate.demon.co.uk |
#47
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House buying process
On Sat, 6 Mar 2004 17:03:46 +0000, Richard Faulkner
wrote: I find the same thing on many occasions. A sellers solicitor is waiting for something from a buyers solicitor, the buyers solicitor thinks they are waiting for something from the sellers solicitor, or vice versa - or one believes they have already answered a query as much as they need to, and the other doesnt. Often when we query it, they tend to respond by writing a letter. I cant understand why they dont pick the phone up to each other. Then we estate agents get the blame for any delays!!! g Two reasons. 1) Covering your backside is the first lecture of a law degree 2) They can charge for it at quite good margin ..andy To email, substitute .nospam with .gl |
#48
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House buying process
Andy Hall wrote: Two reasons. 2) They can charge for it at quite good margin Not with fixed-price conveyancing they can't. How many of you shopped around for the cheapest quote? Richard |
#49
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House buying process
Chris Game wrote: Richard Savage wrote: Namely that they are paying someone to handle their affairs - why by a dog and bark yourself? No doubt with those £1M 'bones' the dog in question gives it some attention (no offence to Mrs. S!). With a £500 conveyance fee for a more modest dwelling, a daily kick up the backside is the only way of making sure your own issues are the ones that are chased up first. None taken. Just trying add a little bias from her point of view. Liz finds it most frustrating dealing with the solicitors instructed, or more often employed, by building firms |
#50
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House buying process
tony sayer wrote: Why does the soliciting profession "have" to be involved?. Cant another way be invented?.. One of the things that you are paying for is someone that your lender will give your mortgage advance with only their word as security. Think about it; your lender will not give you the money to buy your house without some form of security in return. A typical security for a mortgage to buy a house is the house itself! You demonstrate that it is securitty for a loan by placing a charge against the property. You can't do that until you own the property (without the consent of the existing owners!). A chicken and egg problem. The lenders trust the solicitor to hold your mortgage advance with no security against an undertaking that they will register the charge against the property at the same time as transferring it into your name. The above applies to licensed conveyancers as well, Of course, if you are buying without a loan you don't need that aspect of a solicitors service. |
#51
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House buying process
In message , Andy Hall
writes On Sat, 6 Mar 2004 17:03:46 +0000, Richard Faulkner wrote: I find the same thing on many occasions. A sellers solicitor is waiting for something from a buyers solicitor, the buyers solicitor thinks they are waiting for something from the sellers solicitor, or vice versa - or one believes they have already answered a query as much as they need to, and the other doesnt. Often when we query it, they tend to respond by writing a letter. I cant understand why they dont pick the phone up to each other. Then we estate agents get the blame for any delays!!! g Two reasons. 1) Covering your backside is the first lecture of a law degree 2) They can charge for it at quite good margin .andy To email, substitute .nospam with .gl Agreed on the CYA, but most of our transactions involve fixed fee conveyancing. -- Richard Faulkner Faulkner & Faulkner Tel: 0161 881 6087 Fax: 0161 861 7636 web: www.estate.demon.co.uk |
#52
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House buying process
In article , Richard Faulkner
writes In message , Freda writes Richard Savage said Namely the private punter ringing up every minute asking what's happening? have you done this that or the other? when they have been told what she is waiting for, from whom, the timescale and that they the will be informed when she has some information. Private clients seem not to understand that the more unnecessary time she spends on the phone to them when she has no updates means less time chasing for the updates. While that may well be true from her perspective - what about the solicitor who is just waiting and waiting and waiting for some paperwork but doesn't bother to make a simple phone call to chase it until harassed by the client? I have found this to be the case on several occasions - so it cuts both ways. I find the same thing on many occasions. A sellers solicitor is waiting for something from a buyers solicitor, the buyers solicitor thinks they are waiting for something from the sellers solicitor, or vice versa - or one believes they have already answered a query as much as they need to, and the other doesnt. Often when we query it, they tend to respond by writing a letter. I cant understand why they dont pick the phone up to each other. Yes the legal profession is one that needs an almighty kick up their arses, which they wont get because too many of me 'learned friends are in the houses of parleyment. The one that I use won't accept any communication by e-mail!. Wasn't all that long ago that they weren't allowed to advertise. Do they really *have* to be involved at all?, clearly some other system has to be invented. - Then we estate agents get the blame for any delays!!! g Quite... -- Tony Sayer |
#53
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House buying process
"jah_aaa" wrote in message om... Hi, not sure if the right group, but here goes anyway: We are first time buyers and have had an offer accepted on a house, and both ourselves and the vendor are after a "quick" sale. Both are chain free. My question is this: What sort of timetable would be a quick sale? When should I start hassling solicitors and surveyers and the vendors? Anyone with a rough timescale for the next few weeks?? thanks, J The whole process is a farce to be honest from what I have been told. Friends of ours were buying a property and needed to sell theirs. Eventually found a buyer and waited for their vendors to move. The vendors could not find another property and had to take theirs off the market. So my friends lost about £800 in survey fees and mortgage / solicitor fees. So my friends had to find another property. They could not find one they could afford as property prices had shot up in the few months they were waiting to move and so they had to reluctantly pull out of the chain too. Very reluctant they were as they really needed the extra space. That would have been the end of the story but the people buying theirs made severe threats that either my friends moved or refunded them their costs too, "or else....". So my friends had to report their buyers, a Mr BRC and a Miss KW, to the police. Police made a note but could do nothing as only a verbal threat had been made. If these people view your property, all I can say is beware. Especially if you are vulnerable / old. Disgusting story really. Bang out of order. Anyway all local estate agents were advised of the nature of BRC and KW, so hopefully they won't move near my friends. |
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