Buying is painfully slow!

ThePants999

It's normally part of what an EA does, Mark. Some Internet estate agencies, though, split things up so that you work with a sales agent prior to accepting an offer, and a progression agent afterwards. Guess it makes some sense for them as it lets their salesmen just focus on sales.

Sales progression is most commonly included, though yes, some agencies charge extra for it. (That's a good thing, though, lets you pay less if you don't need someone else to do the chasing on your behalf...)

marksoton

ThePants999 wrote: »

It's normally part of what an EA does, Mark. Some Internet estate agencies, though, split things up so that you work with a sales agent prior to accepting an offer, and a progression agent afterwards. Guess it makes some sense for them as it lets their salesmen just focus on sales.

Sales progression is most commonly included, though yes, some agencies charge extra for it. (That's a good thing, though, lets you pay less if you don't need someone else to do the chasing on your behalf...)

Ah i see. So effectively just still the EA.

Penelopa.Pitstop

Yes, it's just different agent doing chasing. However they didn't bother to tell me at first, that someone else is taking care of the transaction and I sent emails to sales agent who simply ignored it. Only learned when the other agent called me.

I just learned that my buyer needs to complete before stamp duty changes. Her solicitor said that it's very busy with stamp duty changes and they didn't have time to look into the documents yet. I think it's most ridiculous thing I heard today, considering that transaction was ongoing since December, and all documents were provided at the beginning of January. So as suspected, solicitors did totaly nothing.

Buyer is also unhappy because of that. It's probably big risk for her too, because now things may not be checked properly due to rush to complete on time.

So advice for other: chase your solicitors frequently and don't let them work in their own pace as it could take ages then.

always_sunny

My solicitor has finally received the contract from the seller's solicitor - mazel tov!
Though he asked me whether I was aware of the shortish lease on the property (I am aware) and whether I intend to proceed because he will need to let the lender know it's a shortish lease.

Given that the lender valuation report had the right amount of years left on the property - is it safe to assume that they are already aware and the offer shouldn't change?
The mortgage offer had no conditions on it! So confusing!!!

He also said he needs to approve the contract before sending it to - what does it mean??

always_sunny

Penelopa.Pitstop wrote: »

So advice for other: chase your solicitors frequently and don't let them work in their own pace as it could take ages then.

I have a project plan :eek:

marksoton

always_sunny wrote: »

He also said he needs to approve the contract before sending it to - what does it mean??

Presumably he's checking the contract to protect you and your lenders interests.

always_sunny

marksoton wrote: »

Presumably he's checking the contract to protect you and your lenders interests.

Thanks - so it's the usual legal stuff then - is it a long process (days? weeks? months?)
What about the lease? is it fair to assume the lender already knows given that it's in all documents so far, so it's just due diligence FYI?

SmlSave

Now your solicitor has the contract pack they should check the same and raise enquires. You should get sent the majority of the paperwork too, for you to raise any questions you have.

The Contract pack may not include the leasehold information pack which the freeholder/management company provides.

Thrugelmir

always_sunny wrote: »

Thanks - so it's the usual legal stuff then - is it a long process (days? weeks? months?)
What about the lease? is it fair to assume the lender already knows given that it's in all documents so far, so it's just due diligence FYI?

Solicitor works for the lender. You just happen to be footing the bill.

SmlSave

Oh, and has your local search been ordered? Different councils take different times!