Seat68 Posted January 22, 2021 Share Posted January 22, 2021 4 minutes ago, Genie said: Yes, vast majority of the time you complete and move on the same day. Obviously you don’t have to move in right away (for example if you want to have work done first) and you can stay where you are for a bit longer. Not usually possible if you’ve sold the house you’re in. The day of completion the solicitors will be talking to each other and moving the money to where it needs to be. If there’s a long chain it will take several hours to get the thumbs up from everybody. Once the money is all in place for everyone in the chain then solicitor will call you to let you know. They’ll usually call the estate agent too who will release the keys. Cheers Genie. I appreciate that, going back to a solicitor and asking them to clarify something eats into time. Thanks. Link to comment Share on other sites More sharing options...
Genie Posted January 22, 2021 Share Posted January 22, 2021 6 minutes ago, Seat68 said: Cheers Genie. I appreciate that, going back to a solicitor and asking them to clarify something eats into time. Thanks. No worries, I’ve bought and sold a few houses over the years so have been through the process several times. 2 Link to comment Share on other sites More sharing options...
AlwaysAVFC Posted January 22, 2021 Share Posted January 22, 2021 Half expected it the way it's been stuttering in the final stages but we didn't exchange today Hopefully won't change the expected completion date, which was due to be the 29th but changed to 1st but frustrating nonetheless. In the words of Paul Lambert, We go again. 2 Link to comment Share on other sites More sharing options...
hogso Posted January 23, 2021 Share Posted January 23, 2021 What's the reason that Natwest won't deal with all Solicitors? Was a little surprised to be told by a local solicitor who had been recommended to me for my upcoming sale / purchase that they won't (can't?) work with them. Link to comment Share on other sites More sharing options...
Seat68 Posted January 23, 2021 Share Posted January 23, 2021 15 minutes ago, hogso said: What's the reason that Natwest won't deal with all Solicitors? Was a little surprised to be told by a local solicitor who had been recommended to me for my upcoming sale / purchase that they won't (can't?) work with them. I believe its the same with Halifax. They have a list of recommended. We were considering a mortgage with them in Stafford but the solicitor was in Lichfield. We decided against them but for other reasons. Link to comment Share on other sites More sharing options...
Demitri_C Posted January 23, 2021 Share Posted January 23, 2021 My solictor had problems with hsbc and she was so fed up she just told me to get my broker to deal with the problem. I think its because most solictors cant be bothered to be on hold for 20-30 mins Link to comment Share on other sites More sharing options...
Mandy Lifeboats Posted January 23, 2021 Share Posted January 23, 2021 (edited) On 23/01/2021 at 10:54, hogso said: What's the reason that Natwest won't deal with all Solicitors? Was a little surprised to be told by a local solicitor who had been recommended to me for my upcoming sale / purchase that they won't (can't?) work with them. Welcome to the murky world of bankers and solicitors. Lenders set up panels for many reasons. They set a number of criteria which they feel make the solicitor competent to deal with THEIR money. Its easier for the lender, they can have efficiencies by dealing with multiple transactions with the same solicitor. There may also be a financial benefit to them. But you are unlikely to find that out. What can you do about it? Very little at this stage. In retrospect you need to ask bluntly if they are on the panel of your prospective lender. It's a frustrating loop hole that needs to be fixed. Edited January 24, 2021 by Mandy Lifeboats Speeling mishsteaks Link to comment Share on other sites More sharing options...
AlwaysAVFC Posted January 25, 2021 Share Posted January 25, 2021 On 22/01/2021 at 17:12, AlwaysAVFC said: Half expected it the way it's been stuttering in the final stages but we didn't exchange today Hopefully won't change the expected completion date, which was due to be the 29th but changed to 1st but frustrating nonetheless. In the words of Paul Lambert, We go again. So we are trying again today, but our solicitor is sceptical that the issue on Friday for the top of the chain will have been resolved, so not holding our breath. 1 Link to comment Share on other sites More sharing options...
rjw63 Posted January 25, 2021 Share Posted January 25, 2021 Just had our estate agents round to take pics and video. They are pretty sure we should sell easily, but I'm ever the pessimist. 1 Link to comment Share on other sites More sharing options...
Genie Posted January 25, 2021 Share Posted January 25, 2021 2 hours ago, rjw63 said: Just had our estate agents round to take pics and video. They are pretty sure we should sell easily, but I'm ever the pessimist. Good luck. 1 Link to comment Share on other sites More sharing options...
rjw63 Posted January 25, 2021 Share Posted January 25, 2021 6 minutes ago, Genie said: Good luck. Cheers mate 1 Link to comment Share on other sites More sharing options...
mottaloo Posted January 25, 2021 Share Posted January 25, 2021 4 hours ago, rjw63 said: Just had our estate agents round to take pics and video. They are pretty sure we should sell easily, but I'm ever the pessimist. Hope when you do get viewers your mongy neighbours will be.....well, less mongy, or out 1 Link to comment Share on other sites More sharing options...
rjw63 Posted January 25, 2021 Share Posted January 25, 2021 46 minutes ago, mottaloo said: Hope when you do get viewers your mongy neighbours will be.....well, less mongy, or out Yes indeed. Although a lot of their noise is what most would class as normal, dogs barking, kids whining. It's the nob who thinks Alexa is his girlfriend I'd like to string up. 2 Link to comment Share on other sites More sharing options...
cheltenham_villa Posted January 25, 2021 Share Posted January 25, 2021 On 23/01/2021 at 10:54, hogso said: What's the reason that Natwest won't deal with all Solicitors? Was a little surprised to be told by a local solicitor who had been recommended to me for my upcoming sale / purchase that they won't (can't?) work with them. The official reason it fraud. Lots of lenders tightened the pool of solicitors they would work with to try and reduce fraud losses. The theory being that less solicitors would mean they could tighten systems and policies. If the bank wont work with the solicitor, it doesn't mean they have been guilty of fraudulent activity, it more likely means they arent a big enough organisation to adhere to the banks additional policies. Tends to be enforced by the larger lenders. Link to comment Share on other sites More sharing options...
Rds1983 Posted January 25, 2021 VT Supporter Share Posted January 25, 2021 14 minutes ago, cheltenham_villa said: The official reason it fraud. Lots of lenders tightened the pool of solicitors they would work with to try and reduce fraud losses. The theory being that less solicitors would mean they could tighten systems and policies. If the bank wont work with the solicitor, it doesn't mean they have been guilty of fraudulent activity, it more likely means they arent a big enough organisation to adhere to the banks additional policies. Tends to be enforced by the larger lenders. With the larger solicitor firms within the pool then being audited for compliance to those policies. Link to comment Share on other sites More sharing options...
hogso Posted January 26, 2021 Share Posted January 26, 2021 20 hours ago, cheltenham_villa said: The official reason it fraud. Lots of lenders tightened the pool of solicitors they would work with to try and reduce fraud losses. The theory being that less solicitors would mean they could tighten systems and policies. If the bank wont work with the solicitor, it doesn't mean they have been guilty of fraudulent activity, it more likely means they arent a big enough organisation to adhere to the banks additional policies. Tends to be enforced by the larger lenders. I don't really get why the sols don't advertise who they're on the panel for. Are they not allowed to? I've had quotes from a whole bunch and many of them haven't even asked who our mortgage is with. Our broker is keen to get things moving with the mortgage application though, which is good, no reason to dilly dally after all - but I still haven't settled on one and need to asap. From what I can gather it's simply a case of phoning them and saying 'are you on the panel for x', and ignoring the quote altogether. Dumb. Link to comment Share on other sites More sharing options...
Seat68 Posted January 26, 2021 Share Posted January 26, 2021 Its been a shit show but I am moving out of my house, all being well, on the 12th. To where god knows. Certainly not anywhere long term. Is there a way of stopping my post, not redirecting but stopping it and being able to collect it when I choose? Link to comment Share on other sites More sharing options...
AlwaysAVFC Posted January 26, 2021 Share Posted January 26, 2021 54 minutes ago, Seat68 said: Its been a shit show but I am moving out of my house, all being well, on the 12th. To where god knows. Certainly not anywhere long term. Is there a way of stopping my post, not redirecting but stopping it and being able to collect it when I choose? I'm not sure, you can certainly get Royal Mail to hold your mail and collect from the office. I'm not sure whether it will be an issue if your not actually at the address its being delivered to and someone else is though. The local delivery office might be able to help and do it for you, otherwise could you redirect to someone you know for a short term solution? 1 Link to comment Share on other sites More sharing options...
Seat68 Posted January 26, 2021 Share Posted January 26, 2021 37 minutes ago, AlwaysAVFC said: I'm not sure, you can certainly get Royal Mail to hold your mail and collect from the office. I'm not sure whether it will be an issue if your not actually at the address its being delivered to and someone else is though. The local delivery office might be able to help and do it for you, otherwise could you redirect to someone you know for a short term solution? Thats a good idea. I have people I can redirect to. Link to comment Share on other sites More sharing options...
Rds1983 Posted January 26, 2021 VT Supporter Share Posted January 26, 2021 The house were trying to buy is on a new build estate from about 20 years ago and we've just found out that there's loads of weird covenants in place set by the developers. For instance, a ban on work vehicles parked on the drive, no caravans (not an issue), no pets except dogs or cats, no plants in the front garden, the lawn must be kept mowed etc. Has anyone got experience of living with these covenants and know of a developer actually chasing it through to try and enforce? Link to comment Share on other sites More sharing options...
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