My fiance and I are planning to purchase a property in Dartmouth Park and have appointed a Dartmouth Park conveyancing firm. Within the past 48 hours our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Aldermore have this evening contacted us to inform me that they have now hit a problem as our Dartmouth Park conveyancer is not on their approved list of lawyers. What do we do from here?
If you are buying a property with the assistance of a mortgage it is standard for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Dartmouth Park solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Can conveyancing in Dartmouth Park to be done within a month?
In the event that the seller is applying a tight deadline to complete it is advisable to make sure that your solicitor is familiar with the location as they will have local contacts and knowledge. It is even conceivable that they could have transacted previousproperties in the same road. Therefore consider using a Dartmouth Park conveyancing solicitor. Second, be sure that the conveyancing firm is on the lender panel. It is understood that nearly one in five of Dartmouth Park conveyancing deals are held up or jeopardised after discovering a buyer’s solicitor was not on their banks member panel. In many cases this discovery resulted in the buying process being held up by as much as three weeks. It is estimated that this issue impacts in the region of 100,000 home moves annually. Many Dartmouth Park conveyancing firms can not represent certain lenders so do check as early as possible.
Completed the sale of my flat in Dartmouth Park last August but the buyer keeps calling every few hours to say his solicitor is waiting to hear from myconveyancer. What should have happened now that I have sold?
Post completion of your house sale your conveyancer should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where relevant, your lawyer must also evidence that the mortgage has been repaid to the buyers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Dartmouth Park.
I completed on my home on 2 May and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Dartmouth Park expressed confidence that it will be registered inside ten days. Are transfers in Dartmouth Park particularly slow to register?
As far as conveyancing in Dartmouth Park is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. As of today roughly three quarters of such applications are fully addressed within two weeks but some can be subject to extensive delays. Historically registration takes place after the buyer is living at the property so 'speed' is not usually top priority yet where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
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