lenderpanel

Find a Littleover Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Littleover

The Littleover conveyancing firm handling our Littleover conveyancing has identified a difference when comparing the surveyor’s assumptions in the home valuation survey and what is in the conveyancing documents. My solicitor says that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach legitimate?

Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

In what way does my ID and proof of funds have anything to do with my conveyancing in Littleover? Is this really necessary?

It is indeed that case that these requests have nothing to do with conveyancing in Littleover. However these days you will not be able to complete any conveyancing process without first submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not acceptable without the other.

Verification of the origin of money is required under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on record. Your Littleover conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the origin of funds.

I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather instruct a Littleover based conveyancing firm?

You should check but the the probability is that allocate you one of their panel conveyancers if you accept the "fee-free" deal. Contact the mortgage company to ask if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Littleover.

I am buying a new build apartment in Littleover. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Littleover

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision.

My husband and I are disposing of a Littleover bungalow we inherited 8 years ago in 2010. I have over a decades worth of conveyancing knowledge and, now retired, see no reason not to undertake the legal work. The buyer's solicitor has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be passed via a solicitor's bank account.

Lending requirements to lawyers from all mainstream lenders specify that If the seller is not legally represented the purchaser’s lawyers should check whether the lender needs to be told so that a decision can be made if they are willing to proceed.

Last updated

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