lenderpanel

Find a Waolstenholme Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Waolstenholme

I am nearing exchange of contracts for my home in Waolstenholme and the EA has just text me to advise that the purchasers are swapping solicitor. I am told that this is due to the fact that the bank will only engage with property lawyers on their conveyancing panel. Why would a major mortgage company only deal with specific solicitors rather the firm that they want to appoint for their conveyancing in Waolstenholme ?

UK lenders have always had panels of law firms that can represent them, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.

Lending institutions point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to keep an eye on. Banks tend not to disclose 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 are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.

My Waolstenholme conveyancer has discovered a difference between the assumptions in the valuation report and what is in the legal papers for the property. My solicitor informs me that he must ensure that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach right?

Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

What is the difference between a licensed conveyancer and conveyancing solicitor in Waolstenholme

There are two types of lawyers who can conduct conveyancing in Waolstenholme namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or acquisition of property. Both are duty bound to carry out Waolstenholme conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly conducted and that all necessary procedures will be appropriately adhered to.

After weeks of negotiation I have agreed a price on an apartment in Waolstenholme. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. Soon after, the lawyer called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

My offer was accepted on an apartment in Waolstenholme on 6/2/2024, valuation was booked 4 days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to RBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the RBS conveyancing panel. Are RBS entitled to hold back the Mortgage pending the lawyer being on the approved list?

A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.

About to purchase a new build flat in Waolstenholme. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Waolstenholme

    Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

I am looking for a flat up to £195,000 and found one round the corner in Waolstenholme I like with a park and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Waolstenholme for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a home loan the shortness of the lease may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.

Last updated

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