Lol!Biggest problem with buying and selling is 'SOLICITORS!'
£280 for searches? £160 from a solicitor well used in our family.
Really? Aren't they all online now? Every single document we have for our complete search pack has the same date on it, so it looks like they were all done at once, likely with just a press of a button.
Lol!
Are you a solicitor?
We have 2 titles on our property and buyers solicitor wants it updated and the 2 titles merged. My solicitor said it should not be a problem. Agree?
Not yet But I seem to know more than a lot of the qualified ones I deal with (and people in this thread deal with by the looks of it)!
It shouldn't be a problem but at the end of the day if the buyers request it and don't back down there's not a lot you can do. I suppose they could technically call it a title defect and if they want it fixed such is life.
Depends how it's laid out as to whether i'd call it a problem. Did on recently where the house was on one title and the garden on another which was fine, would still in an ideal world want it merged though.
You usually just go in to the solicitors to sign and send them the deposit payment (10%).
Done both of them already.
Nothing for you to do then (other than put insurance in place when its done), exchanging is a 30 sec phone call between solicitors.
Law Society telephone/telex exchange - Formula B (1986) (for use where each solicitor holds his or her own client's signed part of the contract):
A completion date of ................ is agreed. Each solicitor confirms to the other that he or she holds a part contract in the agreed form signed by the client(s) and will forthwith insert the agreed completion date.
Each solicitor undertakes to the other thenceforth to hold the signed part of the contract to the other's order, so that contracts are exchanged at that moment. Each solicitor further undertakes that day by first class post, or, where the other solicitor is a member of a document exchange (as to which the inclusion of a reference thereto in the solicitor's letterhead shall be conclusive evidence) by delivery to that or any other affiliated exchange, or by hand delivery direct to that solicitor's office, to send his or her signed part of the contract to the other together, in the case of a purchaser's solicitor, with a banker's draft or a solicitor's client account cheque for the deposit amounting to £..... .
Notes:
1. A memorandum should be prepared, after use of the formula, recording:
a) date and time of exchange;
b) the formula used and exact wording of agreed variations;
c) the completion date;
d) the (balance) deposit to be paid;
e) the identities of those involved in any conversation.
2. Those who are going to effect the exchange must first confirm the details in order to ensure that both parts are identical. This means in particular, that if either part of the contract has been amended since it was originally prepared, the solicitor who holds a part contract with the amendments must disclose them, so that it can be confirmed that the other part is similarly amended.
Exchange takes place as at the phone call (they are dated and timed as such) but they are swapped in the post afterwards. There are 3 protocols for that and (Law Society) Formula B is the only one really used in practice, which is moderately interesting
Buildings insurance is sorted too.
So sounds like all we need now is for the solicitors to do their job... oh god!
Anything like mine keep kicking their arse! lol
Can anyone recommend any decent solicitors in the Manchester area?
FTB here going through all this myself for the very first time. Decided on an area which suited us, we had a price range which was realistic and the search began. A few houses would pop up every now and again but if they were priced well they would be sold fairly quickly.
Anyway we found one which was slightly deceptive from the outside. The rooms inside were much bigger than we thought they'd be compared to other houses we'd viewed in the area, also this one had two decent sized reception rooms whereas most the others just had the one. Space in the drive for 2/3 cars and a decent sized garden in the back.
11.07.16 - offer put in (rejected)
14.07.16 - 'final/best' offer put in (rejected)
25.07.16 - a final final final offer put in (accepted)
01.08.16 - mortgage approved with Natwest
Now I need to find a decent solicitor, the estate agents and Natwest are waiting for me to send them the details...