Find a Stockwood Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Stockwood

Me and my partner are buying residence in Stockwood. My property lawyer is not on the lender solicitor list. Can I still retain my Stockwood conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?

You must have a property lawyer to deal with the formalities if you take out a mortgage to purchase your property. The conveyancing practitioner will conduct all the appropriate due diligence on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in place. You can instruct a Stockwood conveyancer of your choosing. Nevertheless, if the conveyancing practitioner appointed is not on the mortgage company approved list additional fees will be levied as separate legal representation will be required by them. Bank panel applications can be submitted, so where your solicitor has not in the past applied for membership they should do so.

We have very brash sellers who has recommended a exclusivity agreement with a deposit 6,000. Are such agreements sensible?

This type of agreement isn't common in Stockwood, conveyancers will often encourage clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. Secondly, there is no guarantee that just because the seller has entered into an exclusivity contract they will complete the sale with you. They may breach the contract if they are offered a large enough financial inducement to do so because an aggrieved party with the benefit of a lockoutcontract will still be duty bound to show losses as a consequence of the breach and these may not equalise the financial benefit that the owner may gain by reneging on the agreement, no matter how morally condemnable the behaviour is.

We're in Stockwood, First timers purchasing with a mortgage (lender is Kent Reliance , and our solicitor is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I am buying a new build house in Stockwood with the aid of help to buy. The developers refused to reduce the amount so I negotiated £7000 of extras instead. The estate agent told me not inform my conveyancer about this side-deal as it would jeopardize my loan with the bank. Do I keep my lawyer in the dark?.

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.

A couple of weeks ago I was advised by my bank that their approved solicitors work on no move no fee basis for conveyancing in Stockwood. I had a purchase abort yet the conveyancers want search fees! They say the fees are independent!

Stockwood conveyancing search fees are separate expenses not solicitors fees as these are due to a third party.

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