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Find a Hazlemere Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Hazlemere

I am progressing with the sale of my flat in Hazlemere and the estate agent has just telephoned to advise that the purchasers are changing their solicitor. The reason given is that the bank will only deal with property lawyers on their conveyancing panel. On what basis would a big named mortgage company only engage with certain law firms rather the firm that they want to choose for their conveyancing in Hazlemere ?

Lenders have always had panels of law firms that can represent them, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.

Mortgage companies point to the increase in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any sway in the decision.

We are acquiring a newly built flat in Hazlemere and my solicitor is advising me that she is duty bound to the lender to reveal incentives from the seller. I am nearing the developer’s deadline to exchange and I would rather not prolong the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

In what way does my ID and proof of funds have anything to do with my conveyancing in Hazlemere? What am I being asked for?

You are right in these requests have nothing to do with conveyancing in Hazlemere. However these days you can not proceed with any conveyancing transaction if you have not submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.

Verification of your origin of money is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on record. Your Hazlemere conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask additional questions concerning the origin of funds.

We are buying a property and the lawyer has mentioned Chancel Repair for which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in Hazlemere

Unless a prior purchase of the house completed post 12 October 2013 you may assume that solicitors conducting conveyancing in Hazlemere to remain encouraging a chancel search and or chancel repair liability policy.

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

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hazlemere. 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…’

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