lenderpanel

Find a Cambridgeshire Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Cambridgeshire

My wife and I are planning to buy a property in Cambridgeshire and have appointed a Cambridgeshire conveyancing firm. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Platform Home Loans Ltd have this morning contacted us to advise us that there is now an issue as our Cambridgeshire solicitor is not on their approved list of lawyers. Please explain?

When purchasing a property with the benefit of a mortgage it is standard for the purchasers' solicitors 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 Accreditation Scheme. Your solicitor 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 lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Cambridgeshire solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

My Conveyancer in Cambridgeshire has never been on on the TSB Conveyancing Panel. Can I still continue with my family solicitor even though they are not on the TSB panel?

The limited options open to you here include:

  1. Complete the purchase with your preferred Cambridgeshire solicitors but TSB will need to instruct a conveyancer on their panel. This will result in additional overall conveyancing charges and result in delays.
  2. Choose an alternative lawyer to act in the purchase, not forgetting to check they are Convince your lawyer to use their best endeavours to join the TSB conveyancing panel

How does conveyancing in Cambridgeshire differ for new build properties?

Most buyers of new build residence in Cambridgeshire contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Cambridgeshire typically 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 Cambridgeshire or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Cambridgeshire is the location of the property. Can you shed any light on this issue?

Flying freeholds in Cambridgeshire are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cambridgeshire you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambridgeshire 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.

What makes your site different to other online quote calculators for conveyancing in Cambridgeshire?

At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Cambridgeshire. As opposed to estate agents and brokerage sites we do not have commission arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the most kickback, as opposed to the best value conveyancing in Cambridgeshire

Last updated

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