Find a Bilston Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Bilston conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Bilston

It is a dozen years since I acquired my property in Bilston. Conveyancing lawyers have just been instructed on the sale but I can't find the title documents. Will this cause complications?

Don’t worry too much. First the deeds may be kept by your mortgage company or they may be archived with the conveyancers who handled your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Bilston relates to registered property but in the unlikely event that your home is not registered it is more tricky but is resolvable.

My lender has suggested solicitors on their panel based in Bilston but I would rather choose a conveyancing lawyer in Bilston or nearer to where I live. Are you able to help?

The minority of Bilston conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Use the above find an approved solicitor tool to identify a Bilston conveyancing firm on the on the bank panel.

It has been 4 months following my purchase conveyancing in Bilston concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Bilston differ for newly converted properties?

Most buyers of new build or newly converted property in Bilston contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Bilston usually acquire the land, 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 accustomed to new build conveyancing in Bilston or who has acted in the same development.

My nephew is about to join the property ladder, he had his mortgage in principle. When the seller agreed the offer on the flat we called the lender to move forward with his. I was very surprised to hear that mortgage companies do not accept all solicitor, they need to be on their approved list, is this correct?

Banks ordinarily restrict either the type or the number of conveyancing practices on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Bilston lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.

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