Ambitious exchange and completion deadlines achieved for our clients
Mr and Mrs D were concerned about the tight deadline imposed by the seller, and the fact that the property would remain on the market until exchange had taken place.
As the seller was under an obligation to accept the highest offer for the property, our clients wanted to exchange as quickly as possible to avoid any higher offers being made by a third party.
What we did
As soon as we were advised of the transaction and the deadlines imposed, the conveyancer contacted our clients to open our file. The file was then opened the same day and all instruction forms sent out to our client.
Conveyancer Elaine Seamark contacted the seller's solicitors and asked them to forward the contract papers in the post that night. She got the Home Information Pack direct from the estate agents.
The contracts were received by Elaine the following day, and she checked them and raised all necessary enquiries before reporting to Mr and Mrs D the same day. Elaine emailed additional enquiries to the seller's solicitors to ensure they were dealt with at the earliest opportunity.
She also telephoned the client to discuss the report being sent out to them and to explain exactly what documents the client would need to sign and return. Elaine also clearly explained to the clients when and how their funds should be sent to Access Legal from Shoosmiths.
How did it help?
By dealing with the seller's conveyancer by email and discussing the procedure with the client, the transaction was able to proceed as quickly and efficiently as possible.
We exchanged contracts and completed Mr and Mrs D's purchase simultaneously which was only seven days after we had been instructed by our clients. This meant we'd exchanged seven days before the exchange deadline, and 14 days before the completion deadline.
As we were proactive and discussed every stage with our client over the telephone, the transaction moved as swiftly as possible to ensure the exchange took place within the deadline and before any higher offers were made by a third party.
