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Find a Sandown Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Sandown

My wife and I are approaching an exchange on a flat in Sandown and my parents have sent the ten percent deposit to my property lawyer. I am now informed that as the deposit has been received from someone other than me my solicitor needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?

Your solicitor is legally required to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

Why is leasehold purchase conveyancing in Sandown costs more?

Sandown leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

is it true that all Sandown conveyancing solicitors on the Bank of Ireland conveyancing panel are regulated by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.

We have agreed to purchase a house in Sandown. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?

Given that you are obtaining a mortgage with Lloyds your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook includes minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Lloyds where a lease fails to comply with these conditions. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Sandown.

I am due to exchange contracts on my apartment. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, HSBC are being difficult. The Sandown solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are insisting on a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?

It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

How does conveyancing in Sandown differ for newly converted properties?

Most buyers of new build premises in Sandown contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Sandown usually acquire the site, 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 property lawyers 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 Sandown or who has acted in the same development.

How easy is it to swap solicitor as I have to retain one who is on the Barclays Direct conveyancing list. I instructed a local conveyancing solicitor in Sandown five minutes from me but he is not approved by Barclays Direct

We will our best to assist in finding you a conveyancing solicitor in Sandown on the Barclays Direct panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Sandown. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Sandown.

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