lenderpanel

Find a Bishopston Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Bishopston

Why do I have to pay up front for conveyancing in Bishopston?

If you are buying a property in Bishopston your solicitor will ask you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the purchase price then this should be required immediately in advance of exchange of contracts. Any further balance that is due will be payable a few days prior to the day of completion.

We're in Bishopston, FTBs buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I have a 4 bedroom Victorian property in Bishopston. Conveyancing lawyer acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??

You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bishopston and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the work.

I need to retain a conveyancing solicitor for freehold conveyancing in Bishopston. I have chance upon a site which appears to be the ideal solution If there is a chance to get all this stuff completed via phone that would be ideal. Should I be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

My wife and I are acquiring a 2 bedroom flat in Bishopston. When we first instructed conveyancer, we were told they were on all major UK bank panels. Our mortgage broker called yesterday to say that they don't seem to be on the Nationwide approved list. Were it to be true, what should we do? Should we just pick a different conveyancer that is on their approved list or should we pay for separate representation, with Nationwide selecting their own approved lawyer.

If you are purchasing a property with the assistance of a mortgage it is usual for the purchaser’s lawyers to also represent the mortgage company. In order to act for a bank or building society a conveyancer has to be on that lender's list of approved lawyers. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to meet. Some mortgage companies now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact Nationwide to discover 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 Nationwide's conveyancing panel and you may continue to use your own Bishopston solicitors, in which case it will likely add costs, and it may delay matters as you are adding another property lawyer into the equation.

Last updated

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