Find a Eaglescliffe Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Eaglescliffe

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

Eaglescliffe conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).

Evidence of source of monies is also necessary in accordance with the money laundering regulations as lawyers are duty bound to investigate that the monies you are using to buy a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from an acceptable source (such as employment savings) and is not the fruits of criminal behaviour.

We wish to acquire a newly converted apartment in Eaglescliffe with a mortgage from Lloyds TSB Bank.We like our Eaglescliffe conveyancing lawyer but Lloyds TSB Bank advised that she’s not on their approved list of member firms. It seems we have little choice but to instruct a Lloyds TSB Bank panel lawyer or keep our high street solicitor and fork out for a Lloyds TSB Bank panel lawyer to represent them. This seems very unfair; Can we not simply insist that Lloyds TSB Bank use our lawyer?

Unfortunately,no. The mortgage offered to you contains various provisions, one of which will be that lawyers will be on the Lloyds TSB Bank approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Lloyds TSB Bank

Should our lawyer be making enquiries about flooding as part of the conveyancing in Eaglescliffe.

Flooding is a growing risk for solicitors dealing with homes in Eaglescliffe. There are those who acquire a property in Eaglescliffe, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.

Conveyancers are not qualified to give advice on flood risk, however there are a various checks that can be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Eaglescliffe. The standard information sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to find out if the property has suffered from flooding. If the premises has been flooded in past which is not revealed by the seller, then a buyer could issue a legal claim for losses resulting from an inaccurate answer. The buyer’s conveyancers should also conduct an environmental search. This should higlight whether there is a recorded flood risk. If so, more detailed inquiries should be initiated.

Are there restrictive covenants that are commonly identified as part of conveyancing in Eaglescliffe?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Eaglescliffe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

My husband and I are novice buyers - had an offer accepted, but the estate agent advised that the seller will only move forward if we appoint the agent's recommended solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a high street solicitor who is familiar with conveyancing in Eaglescliffe

We suspect that the owner is unaware of this ultimatum. If they require ‘a quick sale', taking such a hostile approach to a serious buyer is going to damage their objectives. Try to communicate with the sellers directly and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to instruct your own,trusted Eaglescliffe conveyancing solicitors - not the ones that will give their negotiator at the agency a kickback or hit his conveyancing thresholds set by head office.

Last updated

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