I am in a contract race with another prospective purchaser for a property in Dunchurch. What can be done to expedite the conveyancing process?
First, If the seller is applying pressure to complete it is advisable to make sure that your lawyer is familiar with the area as they will benefit local relationships and insight. It is even conceivable that they would have conducted otherhomes in the same road. Therefore consider using a Dunchurch conveyancing firm. In addition, be sure that the lawyer is on the member panel. It is claimed that 18% of Dunchurch conveyancing deals are delayed or jeopardised after finding out that a purchaser’s conveyancer was not on their mortgage lender’s member panel. This can often result in the home move being delayed by almost 21 days. It is believed that this issue impacts approximately 100,000 home sales every year. Most Dunchurch conveyancing firms can not act for certain mortgage companies so do check as early as possible.
In what way does my ID and proof of funds have anything to do with my conveyancing in Dunchurch? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Dunchurch conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
In accordance with Money Laundering Regulations, property lawyers are required to check not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Dunchurch. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/6/2025, the requirements read as follows :
How does conveyancing in Dunchurch differ for new build properties?
Most buyers of new build or newly converted property in Dunchurch come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Dunchurch usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Dunchurch or who has acted in the same development.
I have been pointed in your direction by numerous selling agents in Dunchurch to select a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your site rather than a competitor’s?
We don’t give any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it best to go with a Dunchurch conveyancing solicitor based in the location that I am buying? I have an old university friend who can carry out the conveyancing however they are based a couple of hundredmiles away.
The primary upside of using a high street Dunchurch conveyancing practice is that you can attend the office to execute documents, deliver your identification documents and pester them where appropriate. Having local Dunchurch know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were impressed that should surpass using an unknown Dunchurch conveyancing solicitor just because they are round the corner.