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Find a Stansted Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Stansted

I am progressing with the sale of my ground floor flat in Stansted and the estate agent has just text me to warn that the buyers are swapping conveyancer. The excuse is that the bank will only work with property lawyers on their approved list. On what basis would a leading lender only deal with specific law firms rather the firm that they want to choose to handle their conveyancing in Stansted ?

Mortgage companies have always had panels of law firms that can represent them, but in recent years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.

Lending institutions justify this action to a rise in fraud as the reason for the reduction – criteria have been narrowed as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any sway in the decision.

Last February we completed a house move in Stansted. We have since encountered a number of problems with the property which we believe were overlooked in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Stansted?

It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Stansted. Conveyancing searches and due diligence initiated during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a seller completes a document called a SPIF. If the information ends up being inaccurate, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Stansted.

I'm buying a new build house in Stansted with the aid of help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my lawyer about the side-deal as it may affect my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Stansted I like with open areas and railway links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Stansted in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.

How easy is it to use your search facility to get a quote from a conveyancing solicitor in Stansted on the authorised to act for my mortgage?

Step one is to select a bank such as Accord Mortgages Ltd, Norwich and Peterborough Building Society or Clydesdale then type in your preferred area e.g. Stansted. Conveyancing firms in Stansted and beyond should be identified.

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