I am purchasing a flat in Dunston. My property lawyer is not on the bank conveyancing list. Am I still permitted to continue with my Dunston conveyancing solicitor even though they are not on the mortgage company panel?

You have a couple of options open to you here

• Complete the deal with your preferred Dunston property lawyer but your bank will undoubtedly instruct a solicitor on their approved list. This will result in additional cost together with likely delay.
• Choose a new conveyancer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
• Convince your solicitor to do everything possible to get accepted on the mortgage company conveyancing panel

How do I check that the solicitor handling my conveyancing in Dunston is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus paying £192.00 in additional conveyancing bill.

You should take advantage of the find a lender approved solicitor tool on this web page. Please choose the lender and type ‘Dunston’ or your location and you will be presented with numerous solicitors offices in Dunston or near you.

I have been told that property searches are the main reason for hinderance in Dunston conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Dunston.

How does conveyancing in Dunston differ for newly converted properties?

Most buyers of new build property in Dunston approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Dunston usually buy the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Dunston or who has acted in the same development.

How do I use the search tool to select a conveyancing practitioner in Dunston on the panel for my mortgage?

First select a mortgage company such as Accord Mortgages Ltd, Leeds Building Society or TSB then choose your location for example Dunston. Conveyancing practices in Dunston and nationally should be identified.