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Find a Alston Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Alston? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Alston conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Alston

My partner and I are looking to acquire a property in Alston and have instructed a Alston conveyancing practice. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Yorkshire Building Society have this afternoon contacted us to inform me that there is now an issue as our Alston lawyer is not on their approved list of lawyers. What do we do from here?

When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Alston solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.

What does my ID and proof of funds have anything to do with my conveyancing in Alston? Why is this being asked of me?

It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Alston. Nowadays you can not complete any conveyancing process if you have not supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper section and photo card part, one is not acceptable without the other.

Evidence of the origin of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Alston conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask further queries regarding the source of funds.

Do the Building Society Association intend to launch a searchable register to to identify practices on the Melton Mowbray Building Society conveyancing panel for example in Alston?

Lexsure has not been advised of any plans on the part of the BSA to develop such a tool.

I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Alston is where the house is located. Is there any guidance you can impart?

Flying freeholds in Alston are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Alston you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Alston may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I am a fortnight into a freehold purchase having been directed to conveyancers by the selling agent to do our conveyancing in Alston. I am am very frustrated with the quality of service. Can you help me find new conveyancers?

They would have to be really bad to suggest replacing them. Has the mortgage been generated? If so you must advise them of the new contact details and get the offer are re-sent. Your new solicitor ideally needs to be on the banks panel to avoid added fees and complications. That should be your starting point. Our search tool can help you find a lender approved solicitor for your conveyancing in Alston

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Neighbouring Locations

Haltwhistle
Alston

Find out more about how flying freehold can affect your the value of a property.