Why can't solicitors do things simultaneously ?

jamminjamaica

your vendors sounds like he isnt very organised. hopefully things will pick up for you. good luck

rjm2k1

http://www.landregistry.gov.uk/

arnie&caseysma!

I hate Solicitors.

I am meant to be moving next Friday and I am the middle link in the chain. None of the contracts are in place because apparently my buyer hasn't given her Solicitors instructions to complete on her sale. HELLOOOOO! What do we pay these money grabbers for??? They seem to forget that they are meant to advise their clients so why aren't they letting her know what needs done next?? We are totally burst, I am buying off my sister and the chain is about to fall apart because the solicitors acting for the bottom of the chain are not bothered about getting things done.

I keep getting told it will all come together in the end. I am giving my instructions tomorrow morning - get all contracts done by Friday afternoon or exchange will not be happening until after Christmas, and I will be taking my business to a company that wil return my calls and act at a half decent speed!

izoomzoom

Have to say that I am not unhappy with my sol, they may not call me, but have always spoken to me or returned my call promptly when I have called !

Fingers crossed again for today, please please please ....

izoomzoom

MegS wrote:

Until the solicitor has a date for completion he cannot ask for a redemption statement from the lender. Some lenders charge for redemption statements so the vendor will not want to pay for one until necessary. The vendor must surely have an idea of what he owes to the bank (surely he knows how much he borrowed?) in which case he must surely have known this when he started the transaction?. We ask for a redemption statement everytime we request the title deeds and never get one. Most lenders will only provide a redemption statement a couple of weeks in advance (a month at most) of a specific date given. You must remember that solicitors only have knowledge of certain things from what their clients tell them. They are not mind readers and his solicitor will not have known how much is owing until either the vendor tells him (roughly) or he gets the redemption statement. If his client chose not to tell him (and I don't believe he didn't know roughly how much he borrowed on his mortgage) then the solicitor will only have known when he requested the redemption statement once a completion date was known.

How long may it take to get this redemption statement ?

lynzpower

ill be crossin everything for you today zoom

goldbyron

Any luck Izoom with exchange today?

MegS

Depending on which lender redemption statements usually take about a week, some can fax it straight to you (such as Abbey), some take a lot longer (such as iGroup who also insist on you ringing on the day to confirm the redemption statement they have provided) and some from the HSBC, NatWest or Barclays don't turn up at all until you have rang at least 3 times, faxed twice, written twice and had the client ring up to give them grief.

Arnieandcaseysma! if the buyer hasn't given instructions to her solicitor to complete then the solicitor will not complete. It would be like your solicitor ringing you and saying you're completing tomorrow just because I feel like it to hell if its not convenient. We can advise clients all we like but if they don't give instructions (especially on something this important) then we can't do anything. It is your buyer that is at fault not their solicitors. On top of that if all the legal stuff isn' up together on her purchase (and sale if she has one) then they are going to advise her not to exchange. Remember you only get one side of the story.

MegS

Oh an also arnieandcaseysma! don't make threats (no exchange until after Christmas if its not exchanged by Friday you said) if you don't intend to see it through. We get thoroughly sick of clients making idle threats then just carrying on huffing and puffing rather than doing what they've said they will do. If the bottom of the chain aren't ready they aren't ready no amount of threatening is going to change that and it doesn't help the rest of the chain when people threaten to pull out if they don't get their own way. It just causes stress to everyone else.

izoomzoom

MegS wrote:

Depending on which lender redemption statements usually take about a week, some can fax it straight to you (such as Abbey), some take a lot longer (such as iGroup who also insist on you ringing on the day to confirm the redemption statement they have provided) and some from the HSBC, NatWest or Barclays don't turn up at all until you have rang at least 3 times, faxed twice, written twice and had the client ring up to give them grief.

Thanks for that, and unfortunately I have no idea who the vendor's lender is, but from my way of thinking, the vendor solicitor was aware from at least Thurs / Friday last week that we were ready to exchange so fingers crossed that they asked then and it will be forthcoming shortly.