Find a Stanley Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Stanley

Me and my wife are purchasing property in Stanley. My Solicitor is not on the lender conveyancing list. Am I still permitted to retain my Stanley conveyancing solicitor notwithstanding that they are not on the bank panel?

You must use a solicitor to deal with the formalities if you take out a mortgage to purchase your home. They will carry out all the relevant legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage paperwork is dealt with. You may select a Stanley lawyer of your choosing. Nevertheless, if the lawyer appointed is not a member of the mortgage company approved list additional fees will arise as separate legal representation will be required by them. Lender panel applications can be submitted, so if your lawyer has not previously applied for membership they should take the opportunity to apply.

I have given 8 weeks notice to my current landlord and have to leave my rented property in Stanley by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 4 weeks as I wish to avoid having to move into temporary accommodation?

Generally one should not give notice on a rental until exchange of contracts has taken place. If you have not already done so, notify to your solicitor and request that they apply pressure on the owners side, try to an agreed time frame that everyone will aim to achieve

In what way does my ID and proof of funds have anything to do with my conveyancing in Stanley? Is this really necessary?

It is indeed that case that these requests have nothing to do with conveyancing in Stanley. However these days you will not be able to complete any conveyancing transaction without first handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are providing your driving licence as evidence of identification it must be both the paper section and photo card part, one is not sufficient without the other.

Proof of the source of funds is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Stanley conveyancing lawyer will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further questions regarding the source of funds.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Stanley. My lender is Nationwide Building Society

Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 27/9/2022, the requirements read as follows :

Are there frequently found problems that you witness in leases for Stanley properties?

Leasehold conveyancing in Stanley is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

    A duty to insure the building Repairing obligations to or maintain elements of the building

You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Norwich and Peterborough Building Society, and Alliance & Leicester all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to pull out.

Stanley Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing

    Are any of leasehold owners in arrears of their service charge liability? Is the freehold reversion owned jointly by the leaseholders? The answer will be useful as a) areas could result in problems in the block as the common areas may start to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the managing agents you will want to know about it

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