All new vendors where there is an opportunity to provide conveyancing.
Vendor New On Market
Definition
When
As soon as the vendor is asked to sign your Terms of Business
Before the property is listed For Sale
Preparation
Tell the client that we will be calling to carry out compliance checks.
Warm up the client and explain that being legally prepared can help the client move 3 weeks sooner and that using Lifetime Legal and a panel solicitor will make their move smoother with less risk of problems.
Provide a note to us with the referral, tell us what the client is doing, why they are moving – anything that will help us build rapport quickly.
AML
Yes
Quote
Yes
Fee
£36
Vendor Sold
Definition
Any vendor who has received/accepted an offer but that was not referred when first instructing.
When
As soon as an offer is submitted to the vendor
Preparation
Tell the client that we will be calling to explain our services and that using Lifetime Legal and a panel solicitor will make their move smoother with less risk of problems.
Provide a note to us with the referral, tell us what the client is doing, why they are moving – anything that will help us build rapport quickly.
AML
No
Quote
Yes
Fee
£0
Purchaser Offer Accepted
Definition
A purchaser that has made an offer that has been accepted by the vendor.
When
As soon as the offer has been accepted, the sooner the referral is passed the better our conversion will be
Preparation
Tell the offeror that we will be calling to carry out compliance checks and that a fee will be charged.
Provide the client with the approved leaflet that sets out the process and gives details of the benefits.
Lifetime Legal manage a panel of expert solicitors that can help their move go more quickly.
If the vendor has instructed Lifetime Legal explain how both panel solicitors will work together to move the client more quickly.
Provide a note to us with the referral, tell us what the client is doing, why they are moving – anything that will help us build rapport quickly.
AML
Yes
Quote
Yes
Fee
£36
Purchaser Offer Made
Definition
A potential purchaser that has made an offer that has not yet been accepted.
When
As soon as the offer has been made, before it has been submitted to the vendor
Preparation
Tell the offeror that we will be calling to carry out compliance checks and that a fee will be charged by Lifetime Legal.
Provide the client with the approved leaflet that sets out the process and gives details of the benefits.
Explain that Lifetime Legal manage a panel of expert solicitors that can help their move go more quickly.
If the vendor has instructed Lifetime Legal explain how both panel solicitors will work together to move the client more quickly.
Provide a note to us with the referral, tell us what the client is doing, why they are moving – anything that will help us build rapport quickly.
AML
No
Quote
Yes
Fee
£0
Vendor Compliance Membership
Definition
If the client is an Asset Manager, Part Exchange Sale, Solicitor e.g. Probate sale, Lender selling a repossession or similar.
When
As soon as the vendor is asked to sign your Terms of Business
Before the property is listed For Sale
Preparation
Tell the client that we will be calling to carry out compliance checks.
Add a note with any special instructions that will help us build rapport with the client quickly
AML
Yes
Quote
No
Fee
£36
Purchaser Compliance Membership
Definition
If the purchaser has already instructed a solicitor, signed their terms of business and paid initial fees on account.
When
As soon as the offer made has been accepted by the vendor
Preparation
Tell the client that we will be calling to carry out compliance checks.
Add a note with any special instructions that will help us build rapport with the client quickly
AML
Yes
Quote
No
Fee
£36