Positive time lines on house buying?!

Kyresa

SmashedAvacado wrote: »

Your solicitor did not need to wait for the draft contract to come through to undertake the searches. Many will do as a way of slowing the deal down, but actually there is absolutely no reason why searches cannot be instigated pretty much immediately - once you have confirmed the property you are buying by reference to the title (which costs £6 to get hold of)

Similarly on enquiries - these could have been issued on day one (albeit that follow up enquiries are typically needed to address particular concerns following a review of the title).

Overall your solicitor could work faster - but you should be pressing the agent to check that your seller is also working towards that date and that they have told their solicitor to make this happen also.

A solicitor has no interest in "slowing a deal down".

The seller is obliged to provide the proof of title under the terms of the contract you can't rely on the title when you obtain it yourself.

As for "raising enquiries on day 1" when we are now in the age of pile it high sell it cheap with everyone constantly needing to check for updates, sometimes "day 1" just isn't possible any more!

SmashedAvacado

Kyresa wrote: »

A solicitor has no interest in "slowing a deal down".

The seller is obliged to provide the proof of title under the terms of the contract you can't rely on the title when you obtain it yourself.

As for "raising enquiries on day 1" when we are now in the age of pile it high sell it cheap with everyone constantly needing to check for updates, sometimes "day 1" just isn't possible any more!

They do when they have too much work on.
You can rely on the official copy of the title for issuing searches. What you're talking about is the Official Copy used for the pre-exchange and pre-completion search to get LR priority. That's not one of the initial searches - and is called a priority search and undertaken at the last moment

There's a difference between day 1, and using not having the contract in as an excuse for not having done it. You've said it yourself, if you pile it high and sell it cheap expectations are not managed - and the only way to control workloads is to not give each client the service that they probably expect

PasturesNew

You'll be unlucky if you're not in well before Xmas.

Skaty87

I complete my purchase on Tuesday from start to finish it will have been 8 weeks

Kyresa

SmashedAvacado wrote: »

They do when they have too much work on.
You can rely on the official copy of the title for issuing searches. What you're talking about is the Official Copy used for the pre-exchange and pre-completion search to get LR priority. That's not one of the initial searches - and is called a priority search and undertaken at the last moment

There's a difference between day 1, and using not having the contract in as an excuse for not having done it. You've said it yourself, if you pile it high and sell it cheap expectations are not managed - and the only way to control workloads is to not give each client the service that they probably expect

No, I am talking about the Land Registry office copy entries. That's the Register, Title Plan, occasionally a Transfer document or old conveyance. I'll refer you to point 4.1 of the standard conditions of sale 5th edition. It is the SELLER's duty to provide proof of title at no cost to the buyer.

ciderboy2009

OP - have you checked to see when your vendors are looking to move?

It might be that they don't want to do until after Christmas....

SmashedAvacado

Kyresa wrote: »

No, I am talking about the Land Registry office copy entries. That's the Register, Title Plan, occasionally a Transfer document or old conveyance. I'll refer you to point 4.1 of the standard conditions of sale 5th edition. It is the SELLER's duty to provide proof of title at no cost to the buyer.

They used to be called Office Copy Entries in the 90's - they have been referred to as Official Copies for at least 15 years. The standard conditions of sale are not mandatory - they are a set of conditions open to buyers and sellers to agree to follow. But in any event, my point is that you need the Official Copies in time for exchange but not for getting the searches that actually slow deals down. To get the that take time (ie the water search, local search and highways search) you dont actually need to wait for the official copy from the seller if you are clear on what you are buying. Let's be clear that many solicitors blindly take the slowest path because they are pressed to do so by piling their desks high as a result of selling their services cheaply.

Piiiinksocks

We were told the vendor wanted to be in his new place ASAP and before Christmas.

Yesterday was the estate agents “allotted day to chase” which he duly did. The vendors solicitor only yesterday informed the vendor of our enquiries - a full 2 weeks after they were sent. The vendors solicitors only sent enquiries for his onward purchase yesterday. The estate agent is expecting 7-8 days for these to turn around, but says it’s unlikely now that we’ll be in before Christmas.

Our solicitor hasn’t sent us anything in terms of what enquiries she’s raised, results of searches, not even fixtures and fittings - she sends this as a single pack once all received. I’m really worried there’s something there which the estate agent knows could cause a delay, or it’s the fact my husband called them and has relayed an incorrect account of what the agent told him yesterday...

I feel so deflated. It’s like we were so close, and now we are nowhere near. And it is entirely beyond our control to do ANYTHING.

AmyNS

Purchase
We had our offer accepted on 14/08/2019 and we exchanged this Monday 18/11/2019 and complete tomorrow!
Sale
House on the market 08/08/2019
Sold 13/08/2019 - sale fell through on 29/08/2019
Sold again 30/08/2019
Complete tomorrow!

So all in all around 14 weeks.

Mkaa

Hi

May I ask why you are buying so soon? I mean are you selling that property you bought last year or is it an additional property?

Bought my first property, got keys a week tomorrow, cash saved up for many many years. But I just don't feel the happiness or any accomplishment. Iv bought it more expensive than I wanted, leaving very little for extension that it needs. But on top of that really didn't realise it was so dated that I'd have to totally redo what's already there!

Wish I could put it on sale again right now!

Wonder if that has actually happened where you sell soon after you bought a property!?!