lenderpanel

Find a Peterborough Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Peterborough

I am one month into the sale of my flat in Peterborough and the estate agent has just e-mailed to advise that the purchasers are switching law firm. The reason given is that the bank will only work with property lawyers on their approved list. Why would a leading mortgage company only deal with certain law firms rather the firm that they want to select for their conveyancing in Peterborough ?

Lenders have always had panels of law firms they are content to work with, but in the last few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.

Banks point to the increase in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that 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 not going to have any impact on this.

We see that you have a post code search directory identifying firms on the Co-operative conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Peterborough?

We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Peterborough.

We're in Peterborough, FTBs buying with a mortgage (lender is Santander , and our lawyer is on the Santander conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I used Arc property Solicitors several years past for my conveyancing in Peterborough. I now require my file however the law firm has closed. What do I do?

Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Peterborough of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

Due to the encouragement of my in-laws I had a survey completed on a property in Peterborough in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders may not issue a mortgage on a flying freehold home.

It varies from the lender to lender. HSBC has different requirements from Halifax. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Peterborough. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Peterborough to see if the conveyancing will be more expensive.

Last updated

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