lenderpanel

Find a Sandy Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Sandy

Me and my partner are planning to buy a 2 bedroom flat in Sandy with a mortgage. We would like to retain our Sandy conveyancer, but the bank advise she’s not on their "panel". It appears that we have little option but to appoint one of the lender panel firms or continue with our Sandy solicitor as well as pay for one of their panel ones to represent them. This seems very unfair; can we not require that the bank use our Sandy conveyancing practitioner ?

Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Sandy conveyancing lawyer to apply to be on the conveyancing panel.

I am thinking of remortgaging my home in Sandy, does my lawyer need to be on the Bank of Ireland Conveyancing panel?

There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.

How does conveyancing in Sandy differ for new build properties?

Most buyers of new build or newly converted property in Sandy come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Sandy tend to buy 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 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 accustomed to new build conveyancing in Sandy or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Sandy is where the house is located. Can you shed any light on this issue?

Flying freeholds in Sandy are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sandy you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sandy 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 property.

How simple is it to swap solicitor as I have to find one who is on the TSB conveyancing panel. I was using a high street conveyancing solicitor in Sandy round the corner but the firm is not approved by TSB

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

Last updated

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