Find a Chellaston Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Chellaston

Due to move into my new home in Chellaston next Monday. My property lawyer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the lender expect the insurance to cover?

All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These obligations are not unique to conveyancing in Chellaston.

In what way does my ID and proof of funds have anything to do with my conveyancing in Chellaston? Why is this being asked of me?

It is indeed that case that these requests have nothing to do with conveyancing in Chellaston. However these days you will not be able to complete any conveyancing transaction if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper element and photo card part, one is not sufficient without the other.

Verification of your source of money is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must retain this information on file. Your Chellaston conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask additional queries concerning the source of monies.

I am assisting my sister sell her house in Chellaston. Will the conveyancer order an energy assessment or it is for the seller to see to?

Following the demise of HIPs, energy assessments was maintained a required element of selling a property. An EPC must be commissioned in advance of the property being advertised. This is not a task that conveyancers ordinarily organise. Where you are instructing a Chellaston conveyancing practitioner they might be willing to arrange EPC’s due to their contacts with long established local energy assessors

I had a mortgage agreed in principle with Co-operative. Chellaston conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from Co-operative?

There is no definitive answer here. Have Co-operative completed the survey? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

My offer was accepted on an apartment in Chellaston on 29/4/2024, valuation was booked 3 days after, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.

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. Chellaston is where the house is located. What do you suggest?

Flying freeholds in Chellaston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chellaston you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chellaston may determine 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.

Am I best advised to choose a Chellaston conveyancing practitioner who is local to the property I am purchasing? An old friend can carry out the conveyancing however his firm is located 200miles drive away.

The benefit of a high street Chellaston conveyancing practice is that you can drop in to sign paperwork, present your ID and pester them if necessary. Having local Chellaston know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and they were impressed that must outweigh using an unfamiliar Chellaston conveyancing lawyer solely due to them being local.

Last updated

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