In every secondary market transaction involving a mortgage, two professionals play vital, complementary roles: the Mortgage Advisor and the Conveyancer. While each has a clear and distinct responsibility, their coordination is what drives a successful and legally compliant property transfer.
At fäm Conveyancing, we work closely with Mortgage Advisors to ensure buyers and sellers are supported through every stage of the process—from pre-approval and valuation to transfer and post-registration. Here’s how both roles work together to serve the client and the transaction.
The Mortgage Advisor: Securing Finance for the Buyer
The Mortgage Advisor is the buyer’s go-to expert for everything related to financing the property. Their core responsibilities include:
- Pre-Approval & Buyer Qualification
Before a buyer signs a Contract F, the Mortgage Advisor evaluates their financial position and secures bank pre-approval to confirm their eligibility.
- Valuation Process
Once the buyer submits the signed Contract F, the Mortgage Advisor triggers the valuation request with the bank.
- Loan Application & Final Offer Letter (FOL)
They follow up on document requirements, monitor progress, and ensure the buyer receives the FOL, which outlines the bank’s loan contribution, typically within 10–15 days post-valuation.
Buyers should always rely on their Mortgage Advisor for anything related to the bank, including loan status, rate negotiations, document submissions, and banking timelines.
The Conveyancer: Managing the Full Transaction Lifecycle
The Conveyancer serves as the central point of coordination between all parties involved—buyer, seller, agents, developer, trustee office, and mortgage advisor.
Key responsibilities include:
- Liaising with Buyer & Seller
Once the valuation is requested, the Conveyancer contacts the seller to coordinate access and responds to any document requests made by the Mortgage Advisor or the bank on the buyer’s behalf. They relay information in both directions to ensure nothing is missed.
- NOC Application & Developer Coordination
The Conveyancer applies for the No Objection Certificate (NOC) from the developer, ensures any service charge refunds are reconciled, and handles communication until the NOC is approved.
- Transfer Process at Trustee Office
They coordinate the signing date and attend the transfer and mortgage registration appointment at the trustee office, ensuring all documentation is complete and legally valid.
- Post-Transfer Formalities
After ownership is officially transferred, the Conveyancer finalizes the process by updating the buyer’s ownership records with the developer, a crucial compliance step.
- Financial Breakdown & Contractual Compliance
They issue the payment breakdown to the buyer (including bank and buyer contributions, service charges, trustee fees, etc.), ensure all timelines are met per the contract, and monitor any outstanding obligations.
We Work Better Together
Although the Mortgage Advisor and Conveyancer focus on different aspects of the deal, their combined effort is essential. One cannot replace the other—and they shouldn’t.
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Role
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Mortgage Advisor
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Conveyancer
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Focus
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Bank Financing
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Legal & Transaction Execution
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Client
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Buyer only
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Buyer & Seller
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Works With
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Bank
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Developer, Trustee, Agents, Buyer & Seller
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Core Milestones
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Pre-Approval, Valuation, Final Offer Letter
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Contractual Timeline, NOC, Transfer, Mortgage Registration
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Communication
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With Buyer & Bank
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With Buyer, Seller, Developer, Mortgage Advisor
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Advice for Industry Professionals: Strengthen the Link
To every Mortgage Advisor and Conveyancer:
Transparent communication and respect for contractual deadlines are the key to success.
- Share valuation timing and document needs early
- Confirm FOL receipt and update the conveyancer without delay
- Align on the transfer schedule well in advance
- Support each other by escalating delays when needed
At fäm Conveyancing, We Deliver with Precision and Partnership
Our job doesn’t end at the signing table. We’re with you from the first coordination email to the final ownership update; ensuring buyers and sellers receive a seamless and trusted experience.
For case-specific advice or collaboration opportunities, reach out to our experienced team.
📞 +971 58 822 9107 | +971 52 128 9592
📧 [email protected]
🌐 www.famconveyancing.com