Avoid Conveyancing Delays
The legal process to exchange and complete a housing transaction is outdated and needs a review. However, there are a number of ways to assist the process and speed up transaction time. Below is a fix list of 12 current problems that our service avoids.
Solicitor Instruction
When an offer is accepted the client begins research to select the solicitor, which can take days to decide.
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Fixed!
LegalsReady has already been instructed on listing
Leasehold Management
Memo, articles of association and accounts required over the past 3 years. This can take weeks to obtain after a sale has been agreed
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Fixed!
LegalsReady contacts management company upon instruction and includes leasehold information within the pack - Ready for the sale!
Planning Permissions
There is a duty to ensure that all necessary planning permissions and building regulation approvals have been obtained.
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Fixed!
LegalsReady will obtain all relevant documentation and deal with any issues at the outset obtaining an indemnity policy if need be
Gifted Deposits
If the house deposit is a gift, most will require a signature from the source confirming that the money does not need to be repaid.
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Fixed!
Legalsready will advise the buyer of the importance of declaring where ALL deposit monies are coming from upon case setup.
Local Searches
Who owns or is responsible for roads or sewers and any road-widening proposals. These can take two days up to eight weeks.
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Fixed!
LegalsReady take payment for searches upon instruction from the buyer and place the searches in hand immediately
FENSA Certificates
Purchaser’s solicitors will ask for evidence that any replacement glazing installed since April 2002 complies with Building Regulations.
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Fixed!
LegalsReady will discuss this with the client upon instruction and include in the LegalsReady pack when applicable
Gas & Electric Certificates
Most buyers wish to see gas/electricity safety certificates. Ordering these after a sale is agreed creates a delay.
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Fixed!
LegalsReady will discuss this with the client upon instruction and include in the pack when applicable
Loss of Title Deeds
Land Registry’s records are now digital. However, if the property is not on their digital register, we need to apply for first registration
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Fixed!
This will be detected upon instruction by the LegalsReady team and actioned to avoid delays once a buyer is found
Chain Collapse
Should any of the parties involved pull out of the process, the entire chain can collapse. This happens early in the conveyancing process
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Fixed!
By providing all info at the start and getting the buyer to pay for searches earlier, the likelihood of an aborted sale lessens considerably.
Slow Responses
Having different conveyancers on each side of a sale creates poor communication, and slows down the process.
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Fixed!
LegalsReady is approved to act on both sides of the transaction. No delays - the other side..is us!
Signed Documents
Legal documentation and ensuring that all paperwork is signed and delivered on time is key to problem free processing.
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Fixed!
All vendor documents will be signed and stored within the pack prior to an offer being placed on the property.
Holiday Issues
At certain times of year it’s likely that one of the solicitors in a conveyancing chain will be on holiday, causing slower service.
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Fixed!
LegalsReady have a 3 tiered legal team acting on behalf of every client. With over 60 teams in operation working with minimal case loads