lenderpanel

Find a Somersham Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Somersham

Recently been in touch with my conveyancing lawyer in Somersham who acted for me 18 months ago requesting a conveyancing quote based on an identical type of home move (a leasehold residence and a freehold premises) of similar values with a mortgage from Lloyds TSB Bank. It looks as though am now being quoted double. Am I right to be tempted to shop around for a cheaper online property lawyer?

The estimate does seem a tad steep. Where you are happy to spend time scrutinising quotes you might trim some of the cost by as much as a hundred pounds. That being said, providing that you were content with the legal work the firm offered you maylive to rue opting for an a cheaper lawyer. Don't forget to be sure that the firm can represent Lloyds TSB Bank. Do make use of our search tool to get a quote a Somersham conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Somersham.

We are planning to acquire a house and need a conveyancing solicitor in Somersham who is on the Yorkshire BS conveyancing panel. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Somersham.

Forgive me if this question is silly but I am wet behind the ears as a 1st time buyer of a ground floor flat in Somersham. Do I collect the keys to the house on the completion date from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Somersham?

There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be called to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.

My wife and I are at the point of viewing flats in Somersham and I am now considering a potential offer. Should I already have a lawyer in place at this point? I intend to finance via a mortgage with Nationwide.

It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.

It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Somersham building society branch on numerous occasions and was informed it wasn't an issue and they will lend. My Somersham conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

Provided that the conveyancing practitioner is on the mortgage company approved list, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

4 months have elapsed since my purchase conveyancing in Somersham concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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.

Am in the process of purchasing my 1st home in Somersham. Conveyancing solicitor has been appointed. The broker advised that a survey is not needed as the property is only 20 yrs old.

At the very least you should have a Home Buyer's Report. Given the property was constructed more than a decade ago the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report may suffice. They will highlight any apparent problems and recommend further investigation if relevant. Where there are any indications of material issues get a full Building Survey from the beginning.

Last updated

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