lenderpanel

Find a Saltdean Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Saltdean

Is the fact that my conveyancer in Saltdean is not identified on my lender's solicitor panel that there is a problem with the quality of her conveyancing?

It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Saltdean conveyancing practice and ask them why they are no longer on the approved list for your bank.

My solicitor has identified a a legal deficiency with the lease for the flat we are purchasing in Saltdean. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that he must check that the lender is happy with this solution. Are we the client or is the lender?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.

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

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 Saltdean.

How simple is it to use the search facility to select a conveyancing lawyer in Saltdean on the panel for my mortgage?

1st select a lender such as Yorkshire Building Society, The Mortgage Works or TSB then specify your location for example Saltdean. Conveyancing firms in Saltdean and across England and Wales should be listed.

Having had my offer accepted I require leasehold conveyancing in Saltdean. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and most are in Saltdean - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I am the registered owner of a leasehold flat in Saltdean, conveyancing having been completed 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Saltdean with an extended lease are worth £180,000. The ground rent is £65 charged once a year. The lease ends on 21st October 2082

You have 58 years remaining on your lease the likely cost is going to be between £22,800 and £26,400 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

Last updated

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