Problems with expedited conveyancing

eddddy

realitybites said:

Thanks for the input, very helpful. Yes that is the company. They have asked me to refer to sections 8 and 9. 

If that's literally all they said, that sounds like a lazy cop-out.

Maybe ask them to be more specific, for example, say...

• You have read sections 8 and 9, and you believe that a refund is due. 

• If they disagree, can they be more specific about which condition in sections 8 and 9 they are relying on to refuse a refund.

Based on what you say, it does sound like they're trying to fob you off.

HarryCopper

I came on to this thread to find out about expedited conveyancing and I am none the wiser as to why I might need it or in what circumstances it would arise. I am currently selling a house (not buying anywhere) although my buyer is in a chain. The conveyancers have added a charge to my account, which I queried in the case they need to expedite the sale to completion in three days. I have been asking why this is a charge, why it has been added post agreement, under what circumstances it would arise etc. and they emailed me to say: "We can sometimes not get the required timescale between exchange and completion as the buyers delay in exchanging for whatever reason for the agreed completion date."
But I don't need the sale to be expedited. I am not dependent on it happening on a certain date. It can go ahead whenever. 
I don't know what this email even means. They rang me and I asked again on the phone and the lady said it's to pay for the extra two days they have to work. It all sounded very fabulous and pie in the sky. So I said I don't understand, and she terminated the call and announced her boss would be ringing me and he would try to explain it to me in a way I could understand. I have a PhD lady, I am not completely daft. 
Can anyone shed any light on what is happening here? :-(

HarryCopper

Sorry, queried should have a comma after it 

user1977

Why don't you just discuss it with them when they call back? We can't see the terms you signed up to.

eddddy

HarryCopper said:

I came on to this thread to find out about expedited conveyancing and I am none the wiser as to why I might need it or in what circumstances it would arise. I am currently selling a house (not buying anywhere) although my buyer is in a chain. The conveyancers have added a charge to my account, which I queried in the case they need to expedite the sale to completion in three days. I have been asking why this is a charge, why it has been added post agreement, under what circumstances it would arise etc. and they emailed me to say: "We can sometimes not get the required timescale between exchange and completion as the buyers delay in exchanging for: whatever reason for the agreed completion date."
But I don't need the sale to be expedited. I am not dependent on it happening on a certain date. It can go ahead whenever. 
I don't know what this email even means. They rang me and I asked again on the phone and the lady said it's to pay for the extra two days they have to work. It all sounded very fabulous and pie in the sky. So I said I don't understand, and she terminated the call and announced her boss would be ringing me and he would try to explain it to me in a way I could understand. I have a PhD lady, I am not completely daft. 
Can anyone shed any light on what is happening here? 

It sounds to me like they are saying they charge an extra fee, if you want 3 days (or less) between exchange of contracts and completion. (I guess you know what 'exchange of contracts' and 'completion' are.)


I'd guess that the background is that everyone in the chain wants to complete on a specific day - and the solicitors are all "racing" to exchange contracts before that day.

• If all the solicitors are all ready to exchange contracts 4 or more days before that completion date - you don't have to pay the 'expedited conveyancing fee' (So that fee will be refunded to you).

• But if they can't exchange until 3 days or less before that completion date - you have to pay the 'expedited conveyancing fee'.

Or you can avoid the 'expedited conveyancing fee' by insisting that the completion date is delayed - to allow 4 or more days between exchange of contracts and completion.  But obviously, everyone in the chain would need to agree to that.


But as I say, I'm guessing about the background.

saajan_12

HarryCopper said:

..
The conveyancers have added a charge to my account, which I queried in the case they need to expedite the sale to completion in three days. I have been asking why this is a charge, why it has been added post agreement, under what circumstances it would arise etc. and they emailed me to say: "We can sometimes not get the required timescale between exchange and completion as the buyers delay in exchanging for whatever reason for the agreed completion date."
But I don't need the sale to be expedited. I am not dependent on it happening on a certain date. It can go ahead whenever. 
I don't know what this email even means. They rang me and I asked again on the phone and the lady said it's to pay for the extra two days they have to work. It all sounded very fabulous and pie in the sky. So I said I don't understand, and she terminated the call and announced her boss would be ringing me and he would try to explain it to me in a way I could understand. I have a PhD lady, I am not completely daft. 
Can anyone shed any light on what is happening here? :-(

Do you have your original engagement letter / T&Cs from the solicitor? It'll likely be there as one of the charges which apply in certain circumstances.
Otherwise ask them which circumstances it would and would not apply. 

Once you figure out the closest terms / dates that avoid the charge, then you can either ask the rest of the chain to conform to that, or ask that they cover the cost for you if they can't be flexible. Its all a negotiation.