Do the Building Society Association intend to launch a online directory to list practices on the conveyancing panel for example in Barking?
We are not aware of any intention on the part of the BSA to promote such a tool.
I acquired my apartment on 13 April and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Barking said it should be concluded in less than a month. Are transfers in Barking uniquely lengthy to register?
As far as conveyancing in Barking is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. As of today roughly 80% of submission are fully dealt with within two weeks but occasionally there can be extensive delays. Historically registration is effected after the buyer is living at the property therefore 'speed' is not always top priority yet if there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
How does conveyancing in Barking differ for newly converted properties?
Most buyers of new build premises in Barking approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because builders in Barking tend to buy 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 accustomed to new build conveyancing in Barking or who has acted in the same development.