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I'm selling a boiler and the solicitor has asked for a building regulations certificate for when it was installed.
I don't have this, must have misplaced it.
They have sent me an email stating that I would need to take out an indemnity policy for £120, a request from the buyers solicitor. Am I happy to confirm that I will purchase this?
I did a quick google and found I could get a replacement certificate from the gas safe website for £6!!
I'm annoyed I wasn't told about this and expressed that it was worrying why I was not given the full options. Had I not googled, I would have had to fork out £120 based on professional advice! Worst thing is when I told the solicitor if I could do this, the response wasn't very empathetic or apologetic.
Interested to see if I am overreacting as it did really annoyed me. But this post should also act as advice for others as I think it may be a common thing to take out an indemnity policy for lack of paperwork!
Yes had this but slightly different way round! Buying a flat and my solicitor said they were waiting for this Certificate... before our phone conversation ended I had bought a replacement for £6 as you say, received the pdf in email and forwarded to my solicitor so told them to get on with it job done.
They are all useless.
Unbelievable! I guess a lot of of it comes down to having juniors deal with your case. They will do what is asked of them and don't really have the experience to advise on other solutions.
Solicitors, accountants, estate agents, mortgage brokers...... Every one of the above has made mistakes that could have cost me if I hadn't been on the ball. I've learned to treat them as subcontractors that require supervision.
Thanks Alison this is a very good way of looking at it! I guess you can never truly rely on anyone 100% regardless if they are a professional.
Yeah spot on. Half the time you feel like you know more than they do about their job...
to a degree we are all to blame for this. We all want legal advice for the lowest possible cost and shop around for the cheapest deal We only want to pay a few hundred quid for what could be a purchase from £100k to £1 million. It's mad when you think about it. We are prepared to pay hundreds of thousands of pounds for something, and spend as little as possible making sure we are legally covered.
The result is that solicitors have turned conveyancing into a low cost process. The minimum wage spotty kids get to tick all of the boxes with absolutely no legal knowledge, or any ability to critically scrutinise the sales contract for any anomalies. And only in the last ten minutes of the contract's journey to completion does the "fee earner" i.e. the qualified solicitor or conveyancer, get to see it.
They then cover their arse by sending you a letter, asking you to read the contract, and you to make sure you are happy with the content, and you to run any further checks that you may consider necessary, and providing you are happy with it, you sign it and you take the consequences. All of which in your mind, you have paid the "fee earner" to do on your behalf.
I've learned this lesson the hard way. So now I pay a couple of hundred quid more than the going rate to use a solicitor I trust who does all of the above on my behalf, and he brings to my attention things that may be problematic and we talk about how to sort them out.
Conveyancing on the cheap can come back and bite you on the ass when you least expect it. Get yourself a decent solicitor and pay them to do the job properly is my advice.
and one final thing, if you get a "free legals" offer on a mortgage don't take it. They really do use monkeys to do the work with not a single organ grinder in sight.
Fully agree with the sentiment Bob, and to be honest I did actually go with the cheaper option this time, so as you say I have myself to blame.
However things like this have happened in the past when I have paid more for what I believed to be more reliable solicitors, only to find they also use assistants and interns to manage my file, which lead to a lot of incompetencies.
I feel like I have tried both, expensive and cheap, and both are flawed. Maybe I should have gone with PT's very own Anthony Gold. I will try them next time and see how they fare.
the commission paid on such policies is high and therefore it is not in the interest of the solicitor to think around the problem
when I first started buying properties in the early 1980’s solicitors charged around £400. Today it’s not a lot more if you use the conveyancing farms and in real terms prices for conveyancibg has collapsed .
When spending hundreds of thousands of pounds on a property saving a few hundred on conveyancibg is dangerous particularly if you are buying properties which you feel may have an angle and needing professional advice is crucial