Buying a home and don't know how anything works

[hash tag]

Solicitor needs cleared funds in their possession prior to completion, which is usually after exchange unless both happen on same day

 

[kebabking]

Depends on what arrangements you've signed up to - but in your case they'll bill you within 14 days of completion.

So there is ONE remaining enquiry, that everyone apart from my solicitor insists has been dealt with. Once that's magically found, we can set a date. FFS.

I'm wondering what happens next. I have a costing thing from my solicitor. Is it just a case of going into the local branch of my bank and telling them to transfer that amount of money? I pay it all to the solicitor? Before or after exchange?

Apologies, wrong end of the stick.

Yes, as hash tag says, they'll want the cleared funds in their account at the very least the day before completion.

They will then, at some later stage, bill you for their services.

 

[prunus]

So there is ONE remaining enquiry, that everyone apart from my solicitor insists has been dealt with. Once that's magically found, we can set a date. FFS.

I'm wondering what happens next. I have a costing thing from my solicitor. Is it just a case of going into the local branch of my bank and telling them to transfer that amount of money? I pay it all to the solicitor? Before or after exchange?

What is it (the enquiry) do you know?

 

[sleaterkinney]

A classic from us, decided it would be good to give it a lick of paint before we moved in. All was good except for a wall in the bedroom where you could pick the plaster off with your little finger. We never noticed it because it was hidden by the bed.

So - give each wall a good knock if you’re buying a place.

 

[Winot]

I'm wondering what happens next. I have a costing thing from my solicitor. Is it just a case of going into the local branch of my bank and telling them to transfer that amount of money? I pay it all to the solicitor? Before or after exchange?

Funds normally sent to solicitors by CHAPS payment. You might want to set it up and send a test payment by BACs first to make sure you’ve got the right details.

 

[prunus]

So there is ONE remaining enquiry, that everyone apart from my solicitor insists has been dealt with. Once that's magically found, we can set a date. FFS.

I'm wondering what happens next. I have a costing thing from my solicitor. Is it just a case of going into the local branch of my bank and telling them to transfer that amount of money? I pay it all to the solicitor? Before or after exchange?

I am guessing that your costing thing is a completion statement, ie including the purchase price, stamp duty and so on?

Then yes you send all that to the solicitor’s client account before completion, and you do it by as you saying going into the bank and asking them to do it. Different banks (and probably different branches of the same bank) are differently difficult about this - it’s worth giving them a ring now and asking what hoops they’d like you to jump through (maybe don’t put it quite like that).

You can transfer the money now even without a completion date if you have it and have no other use for it - it will just sit in the solicitors client account ‘to your order’ (meaning they can only do what you tell them to with it) until needed, and if god forbid it all falls apart they’ll just send it to you. I would do this if I were you - delayed arrival of funds is probably the number one cause of completion delays, and as (I think?) you’re cash, you can take that out of the equation (though do let them know you’re doing that for good order .

E2a: have your solicitors done checks on the bank account you’ll be sending from yet? Ie have you given them a copy of a statement or similar so they know the details? They should have done that as part of the onboarding, but sometimes they only check the account you’ll be paying them from (which might not be the same one you’re sending the completion money from). If not I’d get onto them right away and find out what they need to do to accept money from that account, just in case.

 

[baldrick]

Double check the bank details of your solicitors, ring them not email, before you send any money.

I remember reading some cases where scammers have mimicked email chains from solicitors, builders, and suchlike. So many thousands of pounds are sent to the wrong bank.

 

[MBV]

Double check the bank details of your solicitors, ring them not email, before you send any money.

I remember reading some cases where scammers have mimicked email chains from solicitors, builders, and suchlike. So many thousands of pounds are sent to the wrong bank.

Good advice this. Quite a famous case of Dreamvar where this came to light:

Dreamvar revisited: the nightmare for solicitors and insurers continues…

On 15 May 2018, the Court of Appeal published its judgment in the joint appeals of the P&P Property and Dreamvar cases. Both cases focus on the liability of solicitors where the purported seller of a property is in fact an imposter. Elisabeth Ross considers the cases' impact. ...

communities.lawsociety.org.uk

 

[prunus]

Double check the bank details of your solicitors, ring them not email, before you send any money.

I remember reading some cases where scammers have mimicked email chains from solicitors, builders, and suchlike. So many thousands of pounds are sent to the wrong bank.

This is much harder to do nowadays because of automated account name checking. Still to be avoided of course, but shouldn’t be a source of anxiety.

 

[marty21]

All council tenancy agreement and leases say pets aren't allowed.

Those clauses are ignored by tenants and leaseholders alike, at least in Manchester they are.

In theory, people aren't allowed pets on my ex-council-turned-housing-association estate, but there's dozens of cats and dogs around the place. The housing officers turn a blind eye to cat flaps and cat ramps/ladders running up the side of buildings, obvious signs of pets.

I wouldn't worry about it.

Also, iirc, there's a proposal to change the law so people aren't banned from keeping pets in tenanted properties. And if that goes through, it would be an anomaly to still preclude leaseholders from keeping pets. (Or the proposed law might already cover leaseholders, I haven't checked details.)

As a housing officer, we tend to ignore pets until they are an issue

 

[equationgirl]

Double check the bank details of your solicitors, ring them not email, before you send any money.

I remember reading some cases where scammers have mimicked email chains from solicitors, builders, and suchlike. So many thousands of pounds are sent to the wrong bank.

My solicitor wouldn't give me bank details unless I went in to their office. Fortunately they were just across the road from me.

 

[bellaozzydog]

My solicitor wouldn't give me bank details unless I went in to their office. Fortunately they were just across the road from me.

I popped in to mine to get the details they supplied a nice handout with their banking details and their reference for me so I was fully reassured it was going to the right place

 

[Puddy_Tat]

As a housing officer, we tend to ignore pets until they are an issue

 

[Puddy_Tat]

I popped in to mine to get the details they supplied a nice handout with their banking details and their reference for me so I was fully reassured it was going to the right place

it's still worth transferring ten quid or something like that and confirming it's arrived, just in case you mis-type something...

 

[hash tag]

Just checking back for news on MisseyD but not really expecting any until Friday and to post this. I know it's not
directly related but it's certainly a house buying story. Young couple went to but a run down flat in Glasgow at auction
and bid on the wrong place and ended up with a derelict wreck! What Have We Dunoon?

BBC World Service - Outlook, We bought the wrong house at auction

Cal and Claire tried to buy a flat, but ended up with a wrecked manor in rural Scotland

www.bbc.co.uk

 

[miss direct]

£10,000, that's amazing!

I had decided not to chase anyone today, as there should be three parties chasing whatever it is, and I also don't feel well.

Estate agent got in touch, with this gem:
I have spoken with the vendors solicitor today and it seems there has been a huge lack of communication. See the below response:

The outstanding enquiries relate to the charges on the property, and we cannot provide any undertakings until we have received final figures from the relevant lenders. We cannot request final figures until we have confirmation from the solicitors that all other enquiries are satisfied.

I have asked your solicitor to contact them directly to confirm they are satisfied with the answers to enquiries and to also set the exchange date. The vendor is happy for as soon as possible.

So I've been waiting just because solicitors fail to communicate properly with each other?

 

[hash tag]

Now they have identified what's missing still, I would hope that things might well fly from here on in.

 

[miss direct]

Just off the phone with the solicitors, who said "good news" All enquiries done, I've asked for the 30th as completion date and they're going to get back to me asap with confirmation.

 

[hash tag]

Crossing everything for you.

 

[miss direct]

Guessing I won't hear anything else today. I like to be negative as then I can only be pleased with any outcome. 30th would be great though. I can get my ticket to go back to Sheffield early next week and pack! Hopefully I could get internet set up in a week? Otherwise not sure where/how I can work.

 

[Winot]

Hopefully I could get internet set up in a week? Otherwise not sure where/how I can work.

Get one of these and buy an unlocked 4G data SIM to go in it. If you rely on internet for work then you should have a backup cos your internet will go down at some point.

TP-Link TL-MR6400 300 Mbps 4G Mobile Wi-Fi Router, SIM Slot Unlocked, No Configuration Required, Removable External Wi-Fi Antennas, UK Plug, Black https://www.amazon.co.uk/dp/B016ZWX...abc_XT3CCW20Q6PZSMQS1G4G?_encoding=UTF8&psc=1

 

[miss direct]

Well twiddling my thumbs here. Not quite sure why it takes so long to confirm or reject my request for completion next week. Will distract myself for a few hours.

 

[miss direct]

And still nothing. Am I still supposed to be chasing everyone?

 

[hash tag]

And still nothing. Am I still supposed to be chasing everyone?

Up to you.

 

[kalidarkone]

I'd chase.

 

[miss direct]

The solicitor did say they would have to work out apportionments or something on annual charges and something about buildings insurance and they would be back in touch once that was sorted, so I'll give them till midday tomorrow before I contact them again.

 

[cybershot]

You essentially have 4 days a week to chase and get traction. Fridays are a write off because of everyone’s fascination of doing completions. Chase tomorrow morning. Not midday. Half the day is lost before a Friday of not being important enough to care about.

 

[miss direct]

Ok.
I feel like someone harassing the person who dumped them. Goes against my every nature. But will get on with it tomorrow.

 

[miss direct]

Sellers solicitors not responding. So I've now been on at my solicitor, the estate agent, (and via the EA, the sellers) to hound them, as I can't do that myself.

 

[miss direct]

Estate agent is chasing. Just have a sinking feeling that my life is going to go on like this forever. Certainly don't feel like I'll know by the end of tomorrow whether I'll be moving next week