Find a Hull Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Hull

I can't travel far from Hull. Please clarify why all Hull conveyancing practitioners are not on all mortgage company panels?

A decade ago most lenders demonstrated an approach to risk which is different than today. The FSA in 2010 instigated a thematic review into mortgage fraud which concluded: know the property lawyers on your panel. Accordingly, banks have subsequently requiredmore information from law firms about their processes and the staff employed by them and set certain criteria such as completing a minimum volume of transactions. Many law practices have been removed from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the minimum volume of transactions the mortgage companies set.

We are due to exchange buying a house in Hull but as a consequence of damage from the recent storms I have managed to agree compensation from the owner of six thousand pounds in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process however Bank of Ireland are not allowing this. Should they have been involved?

The conveyancing practitioner being on the Bank of Ireland conveyancing panel is required to inform Bank of Ireland of any changes to the sale price. If you were to refuse your conveyancer to report the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancer for your conveyancing in Hull.

I am mortgaging my flat in Hull, does my lawyer need to be on the Lloyds Conveyancing panel?

In theory, you could use a solicitor that is not on the Lloyds conveyancing panel, but Lloyds would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

I am purchasing my first flat in Hull with a mortgage from Coventry Building Society. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The property agent told me not to tell my lawyer about the side-deal as it would impact my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I previously informed by my bank that their panel lawyers work on no completion no fee basis for conveyancing in Hull. I had a purchase fall through nevertheless the conveyancers have invoiced for search fees! They are stating that the fees are seperate!

in offering "no completion no fee" Hull conveyancing firms are waiving their charges for any work carried out. We must stress this is not to be regarded as an insurance scheme. Disbursements aren’t covered – where the lawyer have to pay money out to third parties, for instance Hull local search fees

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