Sellers Pack

Marky4040

Hello All, 

Please would someone be kind enough to look at the list below and advise on what the buyers solicitor would definatley require me to provide from the Management Company Premier Estates who want to charge £420 for the seller pack. 

I have already paid for the Land lord seller pack which IS required to transfer the property, £175

PE say on their website that their seller pack is not required to transfer the property but may be asked for by the buyer solicitor and the advantage is, all the info is together in a logical pack etc.

I bought my apartment in 2022, all service charges and ground rent fully paid upto date and i can access this infomation via my online account with PE and with the Landlord. Apartment was built in 2010, no major worked planned, well maintained by PE. 

The Management Pack contains various documents relating to the property and the Service Charge payable as well as a completed LPE1/FME1 form. 

The documentation provided includes:
Completed LPE1/FME1 form
Additional Notes
Service Charge and/or Ground Rent Statement
Copy Service Charges Accounts (three years supplied where available)
Current and Previous Service Charge Estimate
Copy Insurance Certificate
Health and Safety Fire Risk Assessment
Specimen Deed of Covenant (Where applicable and where a specimen is available)
Transfer/Post Completion Requirements.
Asbestos Survey (Where applicable)
Any additional rules or regulations (Where applicable)

Thanks All

Tiglet2

Unfortunately, your buyer's solicitor will probably insist that you pay for the Management Pack, regardless of how many documents you can supply yourself.  It is extremely unlikely that the buyer's solicitor will accept anything provided by you (as paperwork could be doctored or purposely 'missing' by you (not saying you would, of course!).  They will not risk being sued by the buyer after completion if the information provided by you turns out to be false.  

The buyer's solicitor will also only accept written confirmation that no major works are planned by the Management Company - they cannot accept your word (written or otherwise) for it.

AskAsk

It is necessary to get the management pack.

Marky4040

Tiglet2 said:

Unfortunately, your buyer's solicitor will probably insist that you pay for the Management Pack, regardless of how many documents you can supply yourself.  It is extremely unlikely that the buyer's solicitor will accept anything provided by you (as paperwork could be doctored or purposely 'missing' by you (not saying you would, of course!).  They will not risk being sued by the buyer after completion if the information provided by you turns out to be false.  

The buyer's solicitor will also only accept written confirmation that no major works are planned by the Management Company - they cannot accept your word (written or otherwise) for it.

Hi There

Yes thanks, i've just been looking the the Management Pack that i was provided with when i bought the apartment and it looks like the MC has to change a few details on a few documents to reflect me as the owner, provide updated fire cert, insurance, end of year accounts etc. Bit of a rip off but yes, a decent solicitor is unlikley to accept a 3 year old managament pack .....oh well its back on OF i go to earn some cash haha.

Tiglet2

Marky4040 said:

Tiglet2 said:

Unfortunately, your buyer's solicitor will probably insist that you pay for the Management Pack, regardless of how many documents you can supply yourself.  It is extremely unlikely that the buyer's solicitor will accept anything provided by you (as paperwork could be doctored or purposely 'missing' by you (not saying you would, of course!).  They will not risk being sued by the buyer after completion if the information provided by you turns out to be false.  

The buyer's solicitor will also only accept written confirmation that no major works are planned by the Management Company - they cannot accept your word (written or otherwise) for it.

Hi There

Yes thanks, i've just been looking the the Management Pack that i was provided with when i bought the apartment and it looks like the MC has to change a few details on a few documents to reflect me as the owner, provide updated fire cert, insurance, end of year accounts etc. Bit of a rip off but yes, a decent solicitor is unlikley to accept a 3 year old managament pack .....oh well its back on OF i go to earn some cash haha.

Management Packs have to be up to date - if your conveyancing drags on, be warned if the pack gets to six months old, you lose your buyer for one reason or another and the transaction starts again, you'll be asked to get another pack....!!

Neil49

Tiglet2 said:

Marky4040 said:

Tiglet2 said:

Unfortunately, your buyer's solicitor will probably insist that you pay for the Management Pack, regardless of how many documents you can supply yourself.  It is extremely unlikely that the buyer's solicitor will accept anything provided by you (as paperwork could be doctored or purposely 'missing' by you (not saying you would, of course!).  They will not risk being sued by the buyer after completion if the information provided by you turns out to be false.  

The buyer's solicitor will also only accept written confirmation that no major works are planned by the Management Company - they cannot accept your word (written or otherwise) for it.

Hi There

Yes thanks, i've just been looking the the Management Pack that i was provided with when i bought the apartment and it looks like the MC has to change a few details on a few documents to reflect me as the owner, provide updated fire cert, insurance, end of year accounts etc. Bit of a rip off but yes, a decent solicitor is unlikley to accept a 3 year old managament pack .....oh well its back on OF i go to earn some cash haha.

Management Packs have to be up to date - if your conveyancing drags on, be warned if the pack gets to six months old, you lose your buyer for one reason or another and the transaction starts again, you'll be asked to get another pack....!!

Make that 3 months! Hold on as long as you can before parting with your hard earned money to obtain this. We had a sale fall through recently and our solicitor confirmed that the pack was now out of date. Our estate agent said that they always advise sellers to hold on as long as possible before obtaining this information 

Unfortunately in our case the buyer pulled out just before exchange of contracts. 

Marky4040

Neil49 said:

Tiglet2 said:

Marky4040 said:

Tiglet2 said:

Unfortunately, your buyer's solicitor will probably insist that you pay for the Management Pack, regardless of how many documents you can supply yourself.  It is extremely unlikely that the buyer's solicitor will accept anything provided by you (as paperwork could be doctored or purposely 'missing' by you (not saying you would, of course!).  They will not risk being sued by the buyer after completion if the information provided by you turns out to be false.  

The buyer's solicitor will also only accept written confirmation that no major works are planned by the Management Company - they cannot accept your word (written or otherwise) for it.

Hi There

Yes thanks, i've just been looking the the Management Pack that i was provided with when i bought the apartment and it looks like the MC has to change a few details on a few documents to reflect me as the owner, provide updated fire cert, insurance, end of year accounts etc. Bit of a rip off but yes, a decent solicitor is unlikley to accept a 3 year old managament pack .....oh well its back on OF i go to earn some cash haha.

Management Packs have to be up to date - if your conveyancing drags on, be warned if the pack gets to six months old, you lose your buyer for one reason or another and the transaction starts again, you'll be asked to get another pack....!!

Make that 3 months! Hold on as long as you can before parting with your hard earned money to obtain this. We had a sale fall through recently and our solicitor confirmed that the pack was now out of date. Our estate agent said that they always advise sellers to hold on as long as possible before obtaining this information 

Unfortunately in our case the buyer pulled out just before exchange of contracts. 

Thanks for this, hopefully the conveyancing won't take 3+ months, it's a chain free, straight forward sale. fingers crossed.