Find a Stotfold Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Stotfold

Do lawyers ask for money up-front when it comes to conveyancing in Stotfold?

If you are buying a property in Stotfold your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the total price then this should be asked for immediately before contracts are exchanged. The final balance that is needed will be payable shortly before completion.

Please explain the implications if my lawyer’s firm is removed from the Virgin Money Conveyancing panel ahead of completing my conveyancing in Stotfold?

First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

I am assisting my aunt sell her house in Stotfold. Does the conveyancing solicitor order an energy assessment or do I organise this?

After the demise of Home Packs, energy assessments remained a mandatory part of moving house. An energy assessment needs to be commissioned in advance of the property being placed on the market. This is not a task that law firms normally organise. Where you are instructing a Stotfold conveyancing solicitor they may help arrange energy assessments given their contacts with long established Stotfold accredited person

Is it the case that all Stotfold CQS (Conveyancing Quality Scheme) solicitors are on the Bank of Ireland conveyancing panel?

It is true that some banks and building societies now utilise CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.

We have agreed to purchase a house in Stotfold. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?

Given that you are obtaining a mortgage with HSBC your lawyer must comply with the formal instructions set out in Section two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease does not meet these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Stotfold.

Will commercial conveyancing searches reveal impending roadworks that may affect a commercial estate in Stotfold?

Its becoming the norm that commercial conveyancing solicitors in Stotfold will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Stotfold. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Stotfold.

For every commercial conveyancing transaction in Stotfold it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Stotfold commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Stotfold.

My husband and I are 17 days into a freehold purchase having been referred to conveyancers by the high street agent to do our conveyancing in Stotfold. I am am starting to be dissatisfied with the quality of service. Can you help me find new conveyancers?

They would have to be really poor in order to consider changing them. Has your mortgage been issued? If so you need to advise them of the replacement solicitor and get the offer are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid escalating charges and delays. That should be your starting point. The find a solicitor tool can help you find a bank approved conveyancer for your conveyancing in Stotfold

Last updated

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