Find a Ely Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Ely

Unfortunately I am unable to travel far from Ely. Is there a reason why all Ely property lawyers aren't included on all lender panels?

Mortgage Companies tend to impose restrictions on either the nature or the number of conveyancing solicitors on their panel. A common example of such criteria being that the practice is required to have at least two partners. As well as restricting the nature of firm, some lenders decided to limit the size of their panel they permit to represent them. It is worth noting that banks have no liability for the quality of service provided by any Ely lawyer on their panel. Property fraud was the key driver in the reduction of solicitor panels from 2008 notwithstanding that there are opposing views concerning the extent of solicitor involvement in some of that fraud. Data from HMLR exposes that thousands of conveyancing organisations only conduct one or two conveyances annually. Those vindicating conveyancing panel consolidation ask why conveyancing firms should have the right to remain on a conveyancing panel when clearly conveyancing is not their speciality?

What does my ID and proof of funds have anything to do with my conveyancing in Ely? Why is this being asked of me?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Ely. However these days you can not proceed with any conveyancing process in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper part as well as the photo card part, one is not sufficient without the other.

Proof of your source of monies is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to retain this information on record. Your Ely conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask additional queries regarding the origin of funds.

My brother-in-law has suggested I instruct a conveyancing solicitor in Ely. I need to find out whether they are accepted on the Aldermore approved list of lawyers. Can you help?

The first thing you should do is e-mail the conveyancer and ask them if they are on the lender panel. Alternatively please call Aldermore who may be able to confirm.

Am I right to be suspicious about estate agents that I am dealing with are recommending a web based conveyancing firm rather than a High Street Ely conveyancing firm?

As is the case with lots of service providers, often input from connections can be extremely useful or valuable. Nevertheless there are numerous people with a keen interest in a conveyancing transaction; estate agents, financial adviser and lenders might all put forward solicitors to select. Sometimes the solicitors might be known to one of the organisations as one of the best in their field, but occasionally there exists a commercial relationship behind the endorsement. You have the right to appoint your preferred lawyer. However, bear in mind that many lenders specify a panel list of solicitors you have to use for the lender aspect of your conveyancing.

Living abroad it is not practicable to travel my Ely conveyancing practitioners office to sign documents connected to my conveyancing in Ely – will this be problematic?

Not a problem. Ely conveyancing solicitors can deal with conveyancing transactions for clients nationwide. You are unlikely to be required to visit a Ely conveyancers office. They can handle everything remotely from their Ely premises.

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