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Find a Seaham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Seaham

Unfortunately I am unable to travel far from Seaham. Please explain the reason why all Seaham conveyancing practitioners aren't included on all lender panels?

As inequitable as it may appear for banks to limit who can represent them, from the public’s or conveyancer’s point of view, the the contrary view is that mortgage companies are becoming ever more anxious and regard it vital to defend themselves from illegal activities. As a result of this concern lenders are limiting their conveyancing panel to a manageable size.

My grandson is buying a house that has just been built in Seaham with a home loan from Leeds Building Society. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

What does my ID and proof of funds have anything to do with my conveyancing in Seaham? Why is this being asked of me?

Seaham conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).

Evidence of source of funds is also necessary in accordance with the money laundering statutes as lawyers are obliged to ensure that the funds you are utilising to buy a property (be it the exchange deposit or the full purchase amount if you are a cash purchaser) has originated from an acceptable source (such as an inheritance) and is not the fruits of criminal behaviour.

I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Seaham. My lender is Virgin

Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/4/2024, the requirements read as follows :

Are there restrictive covenants that are commonly identified as part of conveyancing in Seaham?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Seaham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

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