lenderpanel

Find a Littleport Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Littleport

AssumingI was to purchase a straightforward housein Littleport mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Littleport?

The only saving you would make on is the costs for searches. The property lawyer still be obliged to do everything else - money laundering, correspond with the sellers conveyancer, stamp duty submission, register the title etc. You might save a bit for them not needing to register a mortgage but it will not be meaningful.

As someone with no idea as to conveyancing in Littleport what’s your top tip you can impart concerning the home moving process in Littleport

Not many law firms or advisers will tell you this but conveyancing in Littleport or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of room for friction between you and other parties involved in the home moving process. E.g., the vendor, estate agent and on occasion a mortgage company. Appointing a lawyer for your conveyancing in Littleport is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to act in your legal interests and to protect you.

Every so often a potential adversary may try and convince you that it is in your interests to do things their way. As an example, the estate agent may claim to be assisting by claiming that your solicitor is dragging his heels. Or your mortgage broker may try to convince you to do take action that is contrary to your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.

I am buying a right to buy a flat in Littleport. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Littleport you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Littleport.

I'm buying a new build house in Littleport with a loan from Britannia. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my solicitor about this side-deal as it would jeopardize my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Why do I have to provide my lawyer with various items of ID before I can proceed with selling or buying a property in Littleport?

Littleport solicitors are duty bound by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering legislation to certify that the have checked the identity of their clients. It is also sometimes a requirement of your bank where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and DOB.

Last updated

Neighbouring Locations

Downham Market
Littleport
Ely
Soham

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