Experiences with Medway Exchange Ltd

RHemmings

Does anyone have experience of using Medway Exchange Ltd as conveyancing solicitors? 

Note: I have not instructed them. They are my sellers' solicitors.

Grizebeck

I think your over thinking this whole process

RHemmings

Grizebeck said:

I think your over thinking this whole process

Maybe. But, we've had several threads recently mentioning conveyancing and a lot of comments about the solicitors involved. I thought it worth asking for opinions. 

eddddy

They seem to be Licences Conveyancers - not solicitors.

And they're part of the 'iamproperty' group - which includes 'iamsold', who were pretty much the first. and probably still the largest, "Modern Method of Auction" company.

And consequently, they say they specialise in conveyancing for auction properties.

But I've no experience of them.

Are you buying an auction property? Or a property that was previously put up for auction?

JustinTime19

As it's your seller using them - they probably won't appreciate being told who they should/shouldn't use, even if you did have a concern.

As part of a previous sale I had an overly thorough solicitor being used by the buyer. This delayed the sale, and caused headaches for both the buyer and also me the seller. My solicitor had challenged a number of inquiries as they weren't reasonable, and not a requirement. 

You get bad conveyancers, good conveyancers, and overly thorough conveyancers which can be a good/bad thing depending on how you look at it. 

Keep connected with your seller and check-in every so many weeks just to make sure things are moving along. 

RHemmings

JustinTime19 said:

As it's your seller using them - they probably won't appreciate being told who they should/shouldn't use, even if you did have a concern.

As part of a previous sale I had an overly thorough solicitor being used by the buyer. This delayed the sale, and caused headaches for both the buyer and also me the seller. My solicitor had challenged a number of inquiries as they weren't reasonable, and not a requirement. 

You get bad conveyancers, good conveyancers, and overly thorough conveyancers which can be a good/bad thing depending on how you look at it. 

Keep connected with your seller and check-in every so many weeks just to make sure things are moving along. 

I wouldn't dream of telling the seller who they should or shouldn't use. I just wanted to know if I could expect any problems and if so of what sort. Not because I would do anything, just so I would be forewarned. 

Grizebeck

RHemmings said:

JustinTime19 said:

As it's your seller using them - they probably won't appreciate being told who they should/shouldn't use, even if you did have a concern.

As part of a previous sale I had an overly thorough solicitor being used by the buyer. This delayed the sale, and caused headaches for both the buyer and also me the seller. My solicitor had challenged a number of inquiries as they weren't reasonable, and not a requirement. 

You get bad conveyancers, good conveyancers, and overly thorough conveyancers which can be a good/bad thing depending on how you look at it. 

Keep connected with your seller and check-in every so many weeks just to make sure things are moving along. 

I wouldn't dream of telling the seller who they should or shouldn't use. I just wanted to know if I could expect any problems and if so of what sort. Not because I would do anything, just so I would be forewarned. 

But knowing that doesn't help you and there's nothing you can do if you do know 

RHemmings

Grizebeck said:

RHemmings said:

I wouldn't dream of telling the seller who they should or shouldn't use. I just wanted to know if I could expect any problems and if so of what sort. Not because I would do anything, just so I would be forewarned. 

But knowing that doesn't help you and there's nothing you can do if you do know 

It would actually help me, because I can make make plans. Such as not giving notice for my current rented house if I think there's a significant chance that a completion date might get missed. 

eddddy

RHemmings said:

It would actually help me, because I can make make plans. Such as not giving notice for my current rented house if I think there's a significant chance that a completion date might get missed. 

It would be reckless to rely on a target completion for giving notice on a rental property. There are so many variables. Most people would say you should only give notice on your rental once you've exchanged contracts.

If, for example, you want to minimise the overlap of paying rent and making mortgage repayments at the same time - you could ask for 4 weeks between exchange and completion.

RHemmings

eddddy said:

RHemmings said:

It would actually help me, because I can make make plans. Such as not giving notice for my current rented house if I think there's a significant chance that a completion date might get missed. 

It would be reckless to rely on a target completion for giving notice on a rental property. There are so many variables. Most people would say you should only give notice on your rental once you've exchanged contracts.

If, for example, you want to minimise the overlap of paying rent and making mortgage repayments at the same time - you could ask for 4 weeks between exchange and completion.

Yes, that's what I plan to do. I'm on holiday at the end of the year and the overall plan is to complete in January after exchanging in December. However, I'm not staking my life on that happening. 

user1977

RHemmings said:

JustinTime19 said:

As it's your seller using them - they probably won't appreciate being told who they should/shouldn't use, even if you did have a concern.

As part of a previous sale I had an overly thorough solicitor being used by the buyer. This delayed the sale, and caused headaches for both the buyer and also me the seller. My solicitor had challenged a number of inquiries as they weren't reasonable, and not a requirement. 

You get bad conveyancers, good conveyancers, and overly thorough conveyancers which can be a good/bad thing depending on how you look at it. 

Keep connected with your seller and check-in every so many weeks just to make sure things are moving along. 

I just wanted to know if I could expect any problems and if so of what sort.

You should always expect problems, of all sorts.