Mary Monson Solicitors is a firm specialising in conveyancing for investors. They are a family firm that have been around since 1979 and they have an office on Fleet Street serving their London clients.
They’re proud to be rated by the independent review site Trustpilot as the best solicitors' firm in the UK and the second best provider of legal services of any kind. Most importantly, they care about service, and about making sure that their clients get to exchange and completion as quickly and painlessly as possible, for a manageable legal fee.
But what can you as an investor do to ensure that a conveyancing transaction goes to plan in this currently peculiar market?
Here are Founder, Joseph Kotrie Monson’s top five tips to make sure that the deal does not go astray:
1. Recognise that delay can be fatal
In the first two weeks make being in excellent communication with your lawyers, the agent, and any finance provider a priority.
2. Equip yourself for fast communication
Make it clear that's what you expect. Make sure you know what they need from you, how to get it to them, and what turnaround you can expect. Which personnel do you speak to if the broker or agent is not around? What is the best time of day to contact them? A proactive party is more likely to get over the line without problems.
3. Pick a proactive lawyer who will take personal responsibility
There's only so much you can do to make things happen, and a conveyor belt type outfit can be as bad as a laid back high street lawyer
4. Educate yourself about the likely timescale
In Kensington & Chelsea, the very necessary local searches take a week to come back. In Clapham it can be more like three weeks. Transactions with lender funding can take longer. Knowing more about exactly what type of transaction you are dealing with enables you to know the point at which you should be getting impatient if you haven't completed.
5. Don't just trust it will all go to plan without your attention
A conveyance is a process which requires lots of parties to cooperate. A good lawyer and estate agent should be on top of it, but you can't control what type of lawyer the other side has. Get involved. Clients who engage fully are more likely to get the outcome they want.
If you have further questions, call the friendly team on 0207 936 1967. They’re always on hand with advice, and speak most European and Slavonic languages.