lenderpanel

Find a Wimborne Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Wimborne

I am in a contract race with another buyer for a property in Wimborne. What can I do to expedite matters?

First, If the seller is applying time constraints to complete it is highly recommended that your solicitor is familiar with the area as they will have local connections and insight. It is even conceivable that they would have conducted previoushomes in the same neighbourhood. You would be best advised to use a Wimborne conveyancing solicitor. In addition, be sure that the conveyancing firm is on the member panel. It is said that 18% of Wimborne conveyancing transactions are delayed or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal process being held up by an average of 21 days. It is understood that this issue affects approximately one hundred thousand home moves every year. Most Wimborne conveyancing practices can not act for certain lenders so do check at the outset.

I am purchasing a new build flat in Wimborne. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Wimborne you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wimborne.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Wimborne?

There are many recorded licenced Conveyancers in Wimborne and Solicitor partnerships in Wimborne to choose from We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

Intending to buy a flat in Wimborne. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Wimborne conveyancer is on the Principality conveyancing panel.

Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Wimborne solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?

Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Wimborne surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

Is it necessary to take out insurance to cover chancel repairs when acquiring a residence in Wimborne?

Unless a prior acquisition of the house completed after 12 October 2013 you can take it that solicitors conducting conveyancing in Wimborne to continue to propose a a chancel search and or insurance against a claim.

Am I right to be concerned by estate agents that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a High Street Wimborne conveyancing practice?

As is the case with lots of service providers, often input from connections can be extremely useful or valuable. Yet there are numerous parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and banks might all recommend conveyancers to use. On occasion these conveyancers might be known to one of the organisations as being good in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to appoint your preferred lawyer. You need to be aware that most banks operate an approved list of conveyancers you are obliged to use for the mortgage aspect of your house move.

Last updated

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