Tips to speed up purchase?

JimmyTheWig

Basically, you just need to keep chasing everyone.
At all times you need to know from each of estate agent, solicitor and mortgage company what the next step in the process is, whose responsibility it is and when they expect it to be completed by. If it's your responsibility then obviously do it as soon as you can! If it's not then check up that it is done when they say it should have been and get them to tell you the next step.
I would use the phrase that the buyers are in a hurry to sell and you want to see if there's anything you can do to help speed things along.

jockosjungle

philw1985 wrote: »

We dont currently live together and we both dont get home from work till after 5 so i think finding the late pick-up postbox is a good idea I will look into that. Bank statements and payslips already out and waiting to go.

Cheers

It'll be written on your local post box, the last collection time and where there is a later collection (normally near a sorting office or other RM building)

R

Doozergirl

It might depend on your solicitor but we now do most things by email. I find if I have a query then i will get a quick reply when she has a second to reply rather than wait all day for a phonecall.

Now they scan everything from the other party's solicitors as well so even the queries I get from the solicitor on the same day they receive them. I can then email replies straight back. There are only a couple of things that need to have actual ink signatures.

timmyt

NyimaR wrote: »

Keep on top of everything. Regular calls to the EA and your solicitor to keep up to date with where you are so you can make sure where they are and that nobody is sitting on any paperwork. Don't worry about being annoying - you're paying for the privilege!

lawyers still time record and if their quote exceeds because you keep pointlessly calling they will stop work until you agree a higher fee.

you are not paying for the priv, you are paying for a routine transaction...which is how lawyers can offer a quote at the start.

they charge the least yet have no exclusion clauses, so keep them on your side...how cool to have a good relationship with your lawyer...for life

blackshirtuk

I wouldn't worry too much about what the EA says. Your offer was accepted by the seller on the EA's advice on who was the most "proceedable buyer." That means the buyer who in the EA mind was most likely to be quickest and to actually complete.

So the EA really just wants to make sure that their advice was correct by pushing you as fast as possible. The EA was also trying to scare you into using their in-house "specialists" to earn a bit more from the sale, nothing to worry about. It would probably have taken the same time, if not more, to use them.

You are the sellers' best proposition, so if it takes a few weeks longer than the seller would like that is the sellers problem, provided you do all that you can to keep the process going, like following eveyones' advice in the previous posts.

I would very much doubt the seller would start looking for another buyer unless it starts to drag on for months rather than weeks as they would have to start the whole process from the begining with another buyer.

jockosjungle

Just say to the solicitor we'd like the whole thing done as fast as possible, they are not inundated with properties to conveyance at the moment so I would not worry about them being slow. I generally found that a weekly call was enough to see how things were going, when they are waiting for the searches to come back there isn't much you can do to push them along

R

RB-Arc

philw1985 wrote: »

Now the EA were pushing us to use their mortgage advisor, solicitors and surveyors to speed the sale up and saying they've heard the co-op have been really slow and they don't want the vendor to get cold feet (think this may be pressure tactics to get us to use their services).

Please don't be fooled. The Estate Agents are only there to make money from the Vendor (and you, where they can).

I know of EAs that will try anything to get you to use their Solicitor; "Our Solicitors are really fast" or "Don't use those Solicitors as they are really slow, and really bad". This is because they will get a "Kick-Back" or referral fee paid to them by their Solicitors, if you instruct them. This is normally added onto the Solicitor fee.

In terms of speeding things up, I advice keeping in contact with the Solicitor Firm you instruct. Just keep badgering them.

Certainly the Estate Agent will also want the matter to complete fast too, but this is usually so they can get their commission from the Vendor, and in my experience they tend to tell people ANYTHING to try and complete, even if it causes more stress and hassle.

tux900

jockosjungle wrote: »

Just say to the solicitor we'd like the whole thing done as fast as possible, they are not inundated with properties to conveyance at the moment so I would not worry about them being slow.

It clearly must depend on where you live. Ours currently has around 60 on his books which, to me, sounds enough!

I agree regarding keeping on top of them. Squeeky wheel gets the oil and all that. Of course, give them enough time to actually do the work - there's no point if you're going to tie them up on the phone all the time - but a regular friendly enquiry can do wonders. Needless to say, your side of the dealings must also be prompt and do be mindful if the inevitable postage delays - far better to hand deliver documents if possible.

Mathew

philw1985

thanks for the advice guys. the mortgage application forms have been sent back next day delivery and the solicitor has been instructed to act on our behalf so the wheels are in motion. hopefully the snags will be at a minimum!!