Any advice now I can’t do DIY conveyancing anymore?

Any advice now I can’t do DIY conveyancing anymore?

0:03 AM, 20th March 2024, About 8 months ago 3

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Hi, I’m a niche landlord with a small portfolio of garages. These are mostly small properties able to house a single vehicle, each (a garage, not a vehicle) priced in the £20-30K range. All freeholds, all owned by my company outright, most bought off auctions with me doing my own conveyancing.

When I bought my first garage I was lucky enough to use a conveyancing firm so bad that I invested in a “House Buying, Selling and Conveyancing” book and have represented myself ever since. There were a couple of hiccups over the ten years and forty something properties, but nothing I couldn’t fix. What I found is that I am a lot more effective than my conveyancer counterparties with my normal reply timescales of 2-3 hours vs their 2-3 weeks. At one point, I completed a purchase in one day acting for both myself and the seller, meeting him at the Land Registry Croydon office to submit a complete application pack the day after we shook hands on the price.

I had arrangements with HMRC to submit SDLT returns and Land Registry’s ID Facility letter allowing me to do everything myself from the comfort of my home office. When I needed something signed with more official capacity I used to pay a lady who was a registered conveyancer for one-off services like certifying true copies, but she’s now retired. Unfortunately more and more solicitors are plainly refusing to communicate with unrepresented parties, the Land Registry is now requiring annual solicitor-signed ID2 form to renew the facility letter and their offices that closed to public during Covid are now permanently shut, so identity verification by LR officers is no longer an option.

With the above in mind, I’m now slowly selling off my properties with one agreed right now for £26,000. Very simple freehold, no mortgage, no charges, no tenant in situ, no nothing but a few forms for the seller to fill out and I have them all ready with a full set of Office Copies, but the buyer’s solicitors are asking for me to be represented citing indemnity and AML issues I could not resolve myself without a licence.

I know exactly what the work of the solicitor will involve and it’s two hours of billable time at most if they include the coffee and nose picking breaks. Asking for a quote direct never results in less than a thousand pounds in legal fees often plus VAT on top. Comparison sites will quote ~£500-£700 on supposedly “no completion – no fee” basis, but in reality will ask for £150 upfront which are effectively lost if the solicitors never complete due to their fault (i.e. the replies take so long the buyer walks away) or for whatever other reason.

Now, when my rant is over, has anyone got any good advice on finding cost-effective conveyancing as the conventional routes will be disproportionately expensive given the sale price? I’m happy to pay ~£500 inclusive of VAT on completion plus disbursements at cost and all I’m expecting is an email reply taking five minutes to write within two days of a question.

Or am I being too greedy and asking too much for too little?

Thank you,

Marek


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Judith Wordsworth

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10:57 AM, 20th March 2024, About 8 months ago

Nothing to do with being greedy. I have for 50+ years done my own conveyancing. The law allows you to do this.

I first started when solicitors fees were 1% for selling and 2% for buying and equated to fully carpeting and curtaining the property being purchased. Also I did a more thorough job than most solicitors - all this before getting a first LLB(Hons) in 2011.

Yes I've had to argue the toss with solicitors, some who don't even know of the existence of HMLR ID forms for non-conveyancers.
Many do not know that the prohibitions under s14-16 LSA 2007 do not apply if you are the Vendor, or Purchaser without mortgage, and also are exempt if an individual who carries on the activity otherwise than for, or in expectation of, any fee, gain or reward. (Schedule 3 s3(10) ).

Some mortgage lenders have snuck in to the Mortgage Lenders handbook that they will not entertain Vendors doing their own conveyancing. Yet are quite happy to allow incompetent conveyancing companies to remain on their panels.

Last sale I came up against this at literally the 11th hour. Purchasers conveyancers hadn't realised that their lender client had a T&C that precluded a vendor acting for themselves. Wouldn't have minded but I had done all the work including the lease extension and submitted the completion statement. Even had to explain to their conveyancer what ID3 and ID2 were!

Try suetaylor@wspsolicitors.com PM me if you you need my name as reference

fairwood789

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12:18 PM, 20th March 2024, About 8 months ago

I too, did all my own conveyancing for several years. I was super efficient and spent most of my time correcting the seller's/buyers conveyancer's errors, which annoyed them even more. They prefer the old pals act where the clients don't even realize what is going on or why the delays occur.

The ID1 forms verification is becoming more and more difficult to have verified or solicitor's chance their arm and request a totally immoral fee for doing so. Then you get the closed shop operation to keep us out of the way so that ridiculous fees can be charged for the work involved. This is possibly to make enough money to meet their Professional Indemnity cover premiums,because of the extent of conveyancers claims records. Not once did any solicitor have any reason to complain of any errors or delays created by me.

Fortunately I stumbled across a superb, old school, caring and well read solicitor, who has very fair fees as I have been able to feed him a lot of Freehold Reversion transfers where he is able to charge normal fees. He trusts me and I trust him but this business relationship occurred quite by chance. The need for continual ID1 forms is stupid. HMRC can easily link to HM Land Registry and provide identity verification through the HMRC income tax assessment portal which is linked to DVLA. With such a link the buyer/seller identity can be easily verified which would eliminate one obstacle.

Solicitors/Conveyancers should be prevented from obstructing Landlords from carrying out work that they are legally entitled to do, or fined accordingly.

Pete Judd

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15:21 PM, 23rd March 2024, About 8 months ago

I am just doing my first conveyancing for myself and have come up against a real stumbling block. THE HMRC have run out of SDLT1 forms!!
I applied for the forms which aren't available online on 27th Feb and am still waiting. It is now well out of the 2 week time limit before being fined for late payment. I phoned the stationary office only to be told by a somewhat weary chap that they were waiting for the forms from the printers and didn't know when they would come because the printers were not replying to them! I then spent 40 minutes in a phone queue to the Tax office only to be told that there were a lot of people ringing them about this and all I could do would be to write a letter to appeal about any fine that might be levied on me.

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