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Katherine Bunting
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I am an experienced property Solicitor dealing mostly with commercial and agricultural property but some residential conveyancing for established clients. One of my clients instructed me at the beginning of November last year in connection with the cash purchase of a flat in our local town. He did not want to carry out any searches but obviously did want to check that the leasehold situation was correct and that the leasehold setup was being properly managed. He told me he had a tenant lined up and would like to complete before Christmas. The estate agents recommended the Seller to their own tame conveyancing service in a factory. It took 6 weeks for the contract to be issued and this was eventually sent without the LPE1 or the LPE 2 or any suggestion that any attempt had been made to get these filled in by the management company, even though this is a standard requirement on any leasehold sale. After a considerable amount of chasing on my part we have eventually now got the documentation that we need and we are set up for simultaneous exchange and completion today but I am still awaiting confirmation from the Seller's conveyancers they have signed paperwork ready to proceed and with a mortgage undertaking in an acceptable form which I have requested at least twice. This has been as straightforward a leasehold transaction as it is possible to be and yet it has taken almost 4 months, due to a combination of delays by the seller himself and a lack of any proactivity on the part of the seller’s conveyancers. The sales progresser for the estate agent concerned has privately admitted to me that if she had the choice she would never recommend the factory conveyancers that she in fact has to use because they are the chosen vehicle for recommendation to all their seller clients. I rest my case.
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Katherine Bunting
25 February 2016 09:27 AM
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From: Katherine Bunting
25 February 2016 09:27 AM