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Find a Woodingdean Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Woodingdean

I am in the process of selling my home in Woodingdean and the EA has just text me to advise that the purchasers are switching law firm. The excuse is that the lender will only work with property lawyers on their approved list. On what basis would a major lender only deal with certain solicitors rather the firm that they want to select for their conveyancing in Woodingdean ?

Lenders have always had an approved set of law firms they are willing to work with, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.

Lenders attribute this action to a rise in fraud as the reason for the pruning – criteria have been narrowed as a smaller panel is easier to monitor. 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. Some 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. The buyers are not going to have any sway in the decision.

My wife and I are due to complete on the purchase of a property in Woodingdean but as a result of wreckage from some water damage at the property I have was able negotiate recompense from the seller of three thousand pounds by way of a reduction in the price. This was going to be addressed as part of amending the contract however Nottingham will not agree to this. Should they have been approached?

Your conveyancing practitioner being on the Nottingham approved list is required to inform Nottingham of any amendments to the sale price. If you were to refuse your conveyancer to disclose the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new conveyancer for your conveyancing in Woodingdean.

It has been three months since my purchase conveyancing in Woodingdean completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Woodingdean differ for new build properties?

Most buyers of new build property in Woodingdean come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Woodingdean tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Woodingdean or who has acted in the same development.

My husband and I are FTB’s - agreed a price, but the selling agent has warned us that the owners will only proceed if we instruct their preferred conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Woodingdean

We suspect that the owner is not behind this requirement. If they require ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Woodingdean conveyancing firm - rather thanthe ones that will provide their estate agent a kickback or hit his conveyancing thresholds pre-set by corporate headquarters.

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