lenderpanel

Find a Rowen Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Rowen

I am progressing with the sale of my ground floor flat in Rowen and the estate agent has just text me to advise that the buyers are changing their law firm. I am told that this is due to the fact that the lender will only work with property lawyers on their approved list. Why would a big named mortgage company only engage with specific lawyers rather the firm that they want to appoint for their conveyancing in Rowen ?

Banks have always had panels of law firms they are content to work with, 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 represented them for many years.

Lenders point to the increase in fraud as the reason for the reduction – criteria have been narrowed 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 says it is being contacted daily by practices 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. The buyers are not going to have any impact on this.

How does conveyancing in Rowen differ for newly converted properties?

Most buyers of new build premises in Rowen approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Rowen typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rowen or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Rowen is where the house is located. Can you offer any advice?

Flying freeholds in Rowen are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rowen you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rowen may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What makes your site different to other online quote calculators for conveyancing in Rowen?

At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Rowen. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Rowen

Should I stop my mortgage payments with Clydesdale as soon as a completion date for my home sale in Rowen has been agreed?

You would be well advised to continue paying any mortgage payments to Clydesdale pending the mortgage being redeemed out of the proceeds of sale as part of your Rowen conveyancing.

Last updated

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