do it yourself conveyancing

haddock22

yes having done my own conveyancing a couple of times i recognised much that was there.very funny. i found it very satisfying carrying it out and you keep complete control where things are-usually delays are with other peoples solicitors etc.In fact last time i did it estate agent said it was a pleasure working with me and bought me a bottle of wine

Richard_Webster

I think the sellers should "do" their own conveyancing (assuming they have no mortgage to pay off). OP can "help" them.

Sellers would have to appear at buyer's solicitor's office to exchange and complete and prove their ID.

Alternatively buyers' solicitor will have to come to the sellers for this and that will greatly increase his clients' fees so that they will want a price reduction for the hassle caused to them. The hassle involved with that generally means that it is easier to use a solicitor/licensed conveyancer.

Barrister may have the knowledge but cannot give the professional undertakings that in practice simplify things.

Dan-Dan

Well , i think it`s important to know your limits with this , recognise within yourself , have you the time , have you the knowledge etc etc , i couldnt do it , i`m too busy at work but i appreciate theres some that take on things like thsi without batting an eye lid

Brian8888

demontfort wrote: »

Uh oh you’ve prepared all the paperwork quickly and you are going to send it off ASAP to the buyer’s solicitor. I’m afraid you’re doing this all very wrong.
If you want to process the sale as a skilled conveynacer would. Thes are the steps you need to follow:

· Demand £1000 from your parents up front
· Once paid ignore all their phonecalls and emails
· Contact them out the blue 4 weeks later asking for some random information.
· Lose that information and claim it went missing in the post
· Carry on ignoring all your parents phonecalls and emails
· When you receive the updated information sit on it for a few more weeks
· Get the office teaboy to fill out some forms incorrectly and then ask your parents for even more money for wire telgraphic disbursments or some other such pseudo-legal nonsense
· Send the forms off to your equally incompetent buyer’s solicitor and the take turns ignoring each others phone calls, emails and letters
· Pick some random dates 3 months ahead for exchange and completion. Explain to your parents that the process takes time.
· Finally exchange and complete after 6 months and try to bill your parents extra for the delays and some other made up costs

Hilarious!

rachelstephens

evening all,

thanks for your comments and replies

i thought i would update you with my situation for your interest and info!

- so far the process has cost me a grand total of £14.00 (yes - fourteen pounds..for the Office Copies of Register & Plan) plus some stamps to send stuff to other side.

- i have repeatedly asked my folks if they are sure they want me to do the conveyancing in case there is a problem etc but they have insisted they feel i can do a better job than someone getting paid £500

- buyers' sols have (reasonably) requested me to confirm in writing i am not getting paid; have asked me to sort out an ID1 Land Registry Form which they will need to see before they apply to change the Register after completion. One of these would have been needed anyway so that isn't too much hassle. They have also asked for the Transfer Deed (which has to then be signed by their clients) and they have also asked for written confirmation from parents that they are happy for me to do the conveyancing.

Also, they have asked me to agree to them holding the deposit "on trust" until completion which seems fair enough. I can see possible problems in a worst case scenario with that but feel it is unlikely (buyers sols is large, established firm with number of offices) and some of those problems cd happen if we had used conveyancer rather than DIY anyway. I have agreed to the last request on condition that they give the relevant undertakings as to the amount of the deposit their clients have paid and the fact that it is due to us etc.

so far, so good to be honest and i keep wondering if i am missing something but i am pretty sure i am not.

the estate agent is happy because they know i am top of it and am keeping them informed as to our progress.

as of next week (once i can get the relevant signatures from parents) i will have sent them everything they need (before they have even started doing any of the searches).

just to repeat - this has so far cost me £14 and i don't anticipate any particular further costs.

Interested to read the various comments. Impartial Advisor - to be honest I have seen plenty of litigants in person doing a brilliant job in court and outshining some of the more complacent members of the legal profession who roll up to court without having actually read the file and then make it up as they go along. i have also seen some pretty terrible litigants in person though so i understand why solicitors are reluctant to deal with diy conveyancers. However, maybe if they did a better job a lot of the time people might not feel so tempted to do it themselves!

thanks all, will let you know if it all goes well or all goes wrong.

haddock22

hows it going rachel?.have you found a solicitor to sign your id1 form cheaply.Ive been quoted £80 plus vat of course

nigem

Sounds like a good price for conveyancing! I have done the selling conveyancing twice so far, and apart from a bit of 'difficulty' with buyers solicitor being awkward, it was very straightforward.
I would do it again too when necessary. However I leave the purchasing conveyancing to the professionals!! Buyer beware and all that.

Propertyfan

DIY conveyancing sounds cool and avoids the hassle and cost of dealing with solicitors but what happens if you make a major mistake? You forget to do something or get it wrong!

"I didn't know you had to sign that form? I just threw it away! "

At least if the solicitors balls it up you know who to blame.

G_M

Propertyfan wrote: »

DIY conveyancing sounds cool and avoids the hassle and cost of dealing with solicitors but what happens if you make a major mistake? You forget to do something or get it wrong!

"I didn't know you had to sign that form? I just threw it away! "

At least if the solicitors balls it up you know who to blame.

The answer is - don't make mistakes.

Sounds trite, but actually, unless some unexpected issue arises, it is just a queation of tickingoff each step as you complete it.

Selling, of course, is much safer than buying.

The only critical part is making sure you receive the money before handing over the signed Transfer! And you'd have to be a right idiot to miss that step!

As a buyer you have more scope for error. You have to live with the property afterwards, so if you later find it is on the route of HS2, or has a public footpath through the garden, or a covenant prohibiting building an extension you plan, you are stuffed!

Mbday

I am doing the conveyancing on the sale my late mother's property. I have a grant of probate and am the sole executor (my brother having legally renounced his executorship). My brother and I are the main beneficiaries of my mother's estate. The purchaser's solicitors are being "difficult". In one of their first emails of 21 November 2013 they asked me if I was receiving any remuneration for doing the conveyancing. I confirmed I wasn't. They emailed again on the 12 December quoting Section 22 of the Solicitors Act 1974 and stating : "We will therefore require written evidence from you as soon as possible confirming the above, before we can proceed further." I emailed again confirming that I was not receiving any remuneration and asked them to clarify what "evidence" they required. They finally responded (after prompting from me) on 17 January, saying they would require a written and signed letter in the post confirming that I am not carrying out the Conveyancing for any gain and reward. So far we have communicated almost exclusively by email, but they are adamant that they now need something "in writing" (which I assumed email was!) I appreciate that it would be relatively easy to give them what they want, but this is but one example of the obstacles they are putting up. Any advise would be appreciated