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The Property Podcast

TPP395: Why is the conveyancing process such a nightmare? A solicitor responds

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.82K Ratings

🗓️ 8 October 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Solicitors. Can’t work with them, can’t work without them Believe it or not, solicitors are incredibly important to the success of your property investment journey.  So this week we thought we’d get a solicitor onto The Property Podcast to discuss what makes a great one.  You’ll also gain an insight into what actually happens during the conveyancing process and what you can do to make it go smoother. The Robs will also be discussing how you can make your investment journey a lot easier.  Here’s what to expect on this week’s property podcast episode The process of making a property purchase isn’t exactly the easiest or most glamorous of processes.  The conveyancing process can be long, frustrating, confusing and sometimes even leave you feeling like you’re going to lose out on your deal.  Solicitors quite often get a bashing in their line of work. And we’re holding our hands up, in the past we’ve said some uncomplementary things.  So this week on The Property Podcast we’ve got solicitor Afsheen Nasr who is a partner at Ronald Fletcher Baker to come and defend solicitors everywhere.  This episode is to give you a clearer understanding of what goes on during the conveyancing process and why it can take so long.  There’s actually some pointers for what you can do as a proeprty investor to speed up the process from your end.  As you’ll be aware, being able to complete on a property quickly can be a huge bargaining chip when negotiating.  Is a rapid conveyancing process even possible?  Tune in to find out.    In the news  It’s that time again, August’s Hometrack report has been released. As The Robs predicted at the beginning of the year, Manchester and Nottingham are at the top with an incredible 4% year-on-year increase.  Considering the year we’ve had, the data is actually telling us that it hasn’t been too bad. It definitely could have been a lot worse! It’ll be interesting to see what happens in the last quarter of the year.   Hub Extra This week’s Hub Extra tool might be something that you’re already using or something you’ve never even heard of. It’s IOS Shortcuts.  If there are certain things that you use all the time on a daily basis, instead of scrolling through to find the app, you can just click on the shortcut.  It’s incredibly handy and really time efficient.  And if any Android users thought they were getting left behind, Rob D has found you a similar tool to implement if you watch tutorials on YouTube.    Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Conveinted in Salisters. Can't work with them? Well actually it turns out you can't work without them. You actually need them.

0:09.0

So in this episode because Salisters are so important to the success of your property investment journey,

0:14.8

we thought we better get one on the show and understand what makes a great solicitor and

0:18.5

how you can make your investment journey a lot easier. Welcome to the Property Podcast where every Thursday morning property investors come to

0:31.1

be informed and inspired. You are going to

0:33.2

to listen closely to this week's show because we're talking to a solicitor

0:37.0

who's going to give you so much more insight into the conveancing process and teach

0:40.9

you what you can do to make the process go smoother as well.

0:44.0

And make sure you stick around to the end for Hub Extra where we're going to save you a little bit of time

0:48.5

every time you touch your phone.

0:50.0

So let's kick off with our new story and this week we've got some lovely data to work with.

0:56.0

We've got the latest information from Home Track.

0:58.4

This is their report for August 2020 and the Home Track Index gives us a breakdown of all the major cities in the UK and how they're performing or at least their property prices are performing.

1:08.5

And over the last 12 months, we're not surprised by who's at the top, but maybe surprised by how well the cities at the top are actually doing.

1:17.6

Yeah, there are one or two big things that we didn't predict would happen this year, but one thing we did predict was that

1:23.9

Nottingham and Manchester would do really well in terms of price growth and some other

1:27.5

cities that are up there as well but those are the top two both of them growing at

1:30.8

more than 4% year on year

1:33.2

4.2% for Manchester 4.7% for Nostingham

1:36.6

which is really quite astonishing

1:38.0

both of them way outperforming the UK average

1:41.1

but what is 2.6% but, even the 2.6% average is so much better than we thought

...

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