We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Am I entitled l?

2

Comments

  • subjecttocontract
    subjecttocontract Posts: 3,009 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 20 September at 9:00PM
    Conveyancing has become very competitive on cost. Firms have to cut prices to undercut their competition in order to get work. They take on more than they should and load their people with more than they can handle. The person dealing with your property may well be juggling another 20 or 30 at the same time. Once you are 4 months in to the process it's probably not worth changing conveyancer. I had one leasehold sale that took 7 months, hopefully yours will complete very soon. Good luck.
  • jonnydeppiwish!
    jonnydeppiwish! Posts: 1,458 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Your conveyancer is waiting for answers to enquiries - the vendors are not ready to exchange.
    2006 LBM £28,000+ in debt.
    2021 mortgage and debt free, working part time and living the dream
  • Blotto17
    Blotto17 Posts: 83 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    It’s weird that they take on so many jobs and then provide an inadequate service. If I’m asked to recommend them when everything is over there is no way I could in good faith give them a good review. The level of communication is just so poor. 
  • As the majority of people need property conveyancing once every say, 7 years, I suspect the firm's aren't to worried about providing a poor service. Their customers will be unhappy about the service and the time taken but elated when their sale/purchase actually completes. Estate agents will know which firms are good or bad as they will be liasing with them regularly. 
  • GrubbyGirl_2
    GrubbyGirl_2 Posts: 1,029 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    This is the reason why, after 10 house purchases in my lifetime, I always pick a local conveyancer.  That way you can always turn up to their office - hard to ignore you when you're standing there
  • Blotto17
    Blotto17 Posts: 83 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    I would show up as it is local but I’d just feel like they’ll just give me the - “no current updates” line and where do I go from there? 
  • anselld
    anselld Posts: 8,688 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 21 September at 8:39AM
    Blotto17 said:
    I would show up as it is local but I’d just feel like they’ll just give me the - “no current updates” line and where do I go from there? 
    You go...  
        What is the list of outstanding matters prior to exchange?
        Who is providing each matter?
        When was each matter requested?
        When was each matter expedited?
        When will any matter with your own Solicitor be addressed?
    Then you go to the Vendor or whoever else is holding things and say "Matters x, y, z, are outstanding from your Solicitor, please confirm and expedite".
    Rinse and repeat every few days until exchange.

  • Tiglet2
    Tiglet2 Posts: 2,691 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    4 months for conveyancing is pretty normal these days.  Leasehold average is 6-7 months, freehold with management company average around 5-6 months, freehold average 3-4 months.  These estimates are for those purchases without any particular issues/problems. 

    However, I do wonder if the house you are buying and the house your sellers are buying are both freehold but with a Managing Agent (to manage the communal areas/roads/lighting etc), for which there are related ongoing fees.

    Although freehold purchases, the addition of a Managing Agent will slow things down as the solicitor will be requiring additional information from them, such as the likely cost of their service charges, together with details of their accounts, whether the roads are going to be adopted by the Council etc. 

    Most new builds (that includes new builds from the last 10 years or more) have some sort of Managing Agent contract attached to the estate.  Managing Agents don't usually respond very quickly to enquiries either so that adds more time to the transaction.

    It would be preferable if your solicitor could let you know exactly what they are waiting for in order to proceed, but when they say there is no further update, that generally means that the position they were in last week hasn't changed and the transaction hasn't moved forward at that time.

    Maybe get the Estate Agent for the seller to do some chasing - they can speak to all parties, though you can't always rely on the accuracy of what they say.


  • Blotto17
    Blotto17 Posts: 83 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    That advice is really helpful actually. You assumed right. There is a management company as there is an annual fee for the kind of work done that you mentioned. I didn’t think it would slow things down to this degree though.
    I’m still just exasperated by how long the whole thing is taking.
  • BungalowBel
    BungalowBel Posts: 421 Forumite
    100 Posts Second Anniversary Name Dropper
    We sold a leasehold flat last year.  No chain (just us and our buyer, we were not buying anything, it was a flat we rented out and the tenants had left, buyer had nothing to sell).  It took just over six months.  Leasehold, so slightly longer than freehold.  But I don't think your four months is particularly long these days, especially as you have a managing agent.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.