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Find a Slade Green Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Slade Green

I am 4 weeks into the sale of my home in Slade Green and the estate agent has just telephoned to say that the buyers are switching property lawyer. I am told that this is due to the fact that the lender will only deal with solicitors on their conveyancing panel. Why would a leading mortgage company only work with certain lawyers rather the firm that they want to appoint to handle their conveyancing in Slade Green ?

UK lenders have always had an approved set of law firms that can represent them, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.

Lenders point to the increase in fraud by way of justification for the pruning – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to reveal 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 unlikely to have any sway in the decision.

My husband and I are purchasing a newly built flat in Slade Green and my solicitor is informing me that she is duty bound to the bank to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and my preference is not to prolong matters. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

Completed the sale of my flat in Slade Green last April but our buyer keeps telephoning daily to moan that their lawyer needs to hear from mine. What should my lawyer have done following completion?

Following your house sale your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where appropriate, your solicitor must also confirm that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion procedures specific conveyancing in Slade Green.

What is the difference between a licensed conveyancer and conveyancing solicitor in Slade Green

There are many registered licenced Conveyancers in Slade Green and Solicitor partnerships in Slade Green to choose from We would stress that both are regulated professionals specialising in the legal aspects of the home buying process. Both can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

I happen to be the only recipient of my late grandmother’s estate and I have everything in my name alone, including the my former home in Slade Green. The Slade Green property was put into my name in February. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership could be considered the same way as if I'd bought the property in February. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Some mortgage companies would take a practical view as this clause is primarily there to capture subsales or the flipping of properties.

I am expecting a OIP from HSBC this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Slade Green solicitors on the HSBC conveyancing panel, or is it better to go independently?

You will need to appoint Slade Green solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.

It has been 3 months since my purchase conveyancing in Slade Green completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

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Neighbouring Locations

Barnehurst
Colyers
Erith
Slade Green
North End
Crayford
Barnes Cray
Dartford

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