I have just started taking steps with a view to porting my domestic loan to a Buy to Let Virgin Money mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I had a chat my past Dagenham conveyancing practitioner who who conducted the conveyancing when I first acquired the property. The costs estimate issued of £550 is surprising as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The costs illustration is slightly on the high side. If you you were to look around you could shave off some of the expense by as much as a hundred pounds. That being said, providing that you were content with the assistance the firm offered you couldlive to regret opting for an an untested lawyer. Don't forget to enquire that the firm can also act for Virgin Money. Do utilise our search tool to find a Dagenham conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Dagenham.
What does my ID and proof of funds have anything to do with my conveyancing in Dagenham? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Dagenham conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.
Under Money Laundering Regulations, conveyancers are required to ascertain not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer cancelling their relationship 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 make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Two weeks ago we had a mortgage agreed in principle with Coventry BS. Dagenham conveyancing practitioners have been chosen. How long does it take for Coventry BS to send the offer to the solicitor?
Some lenders take longer than others. Have Coventry BS done the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Dagenham building society branch on a couple of occasions and was informed it wasn't a problem and they will lend. My Dagenham conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they would not lend in accordance with their specific requirements. I have no idea who is right.
The lawyer has to comply with the CML Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
My offer was accepted on an apartment in Dagenham on 30/12/2025, valuation was booked five days later, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Are Santander entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Dagenham differ for newly converted properties?
Most buyers of new build premises in Dagenham contact 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 Dagenham typically 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 conveyancers 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 Dagenham or who has acted in the same development.
I am looking into buying my first house which is in Dagenham and I am already nervous. I couldn't find anything specific about Dagenham. Conveyancing will be needed in due course but do you know about the Dagenham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dagenham. In the meantime here are some basic statistics that we found
I am due to review estimates for conveyancing in Dagenham from numerous conveyancing practitioner and appoint one. Should I instruct them to hold tight until I have found somewhere to acquire.
We would recommend that you wait to ask your conveyancing practitioner to start work and order searches after the sales memorandum has been sent by the estate agent particularly as Dagenham conveyancing searches are costly.