Find a Wool Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Wool

We are purchasing a brand new duplex in Wool and my lawyer is telling me that she is duty bound to the bank to reveal incentives from the developer. The Estate Agents are hassling me to sign contracts and I would rather not prolong matters. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

As someone not used to conveyancing in Wool what is the number one tip you can give me concerning the house moving process in Wool

Not many law firms shout this from the rooftops but conveyancing in Wool or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the house moving process. E.g., the seller, estate agent and even potentially a mortgage company. Choosing a law firm for your conveyancing in Wool should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to act in your legal interests and to protect you.

Every so often a potential adversary will try and convince you that you should follow their advice. For example, the estate agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may advise you to do something that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.

I am assisting my niece sell her house in Wool. Will the conveyancing solicitor arrange an EPC or should I organise this?

Following the abolition of Home Packs, EPC’s became a required element of selling a property. An EPC needs to be to hand in advance of the property being advertised. This is not as aspect of the sale process that law firms ordinarily arrange. Where you are instructing a Wool conveyancing practitioner they might be willing to arrange energy assessments due to their relationships with long established local energy assessors

I am being advised by my conveyancer that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Wool?

The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Chelsea Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.

After months of negotiation I have agreed a price on an apartment in Wool. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £225. A couple of days later, the conveyancing practitioner contacted me to say that they were not on the Principality 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 Principality 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.

I'm purchasing my first flat in Wool with the aid of help to buy. The developers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not disclose to my lawyer about this deal as it could jeopardize my loan with the bank. Is this normal?.

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.

My brother mentioned that when choosing a conveyancing firm they need approved by your mortgage company. I am a FTB but I have an AIP via Virgin Money and I already have a family conveyancing lawyer in Wool in place. Can Halifax insist on an approved lawyer to be used? If so, where can I find that list for my conveyancing in Wool?

You need to choose a solicitor that is on the Halifax panel. The simplest thing to do is call your chosen Wool conveyancing solicitor and ask if they are on the Halifax panel. If they are not on the panel you have numerous options available to you here:

  • Complete the purchase with your chosen Wool conveyancing practitioner but Halifax will no doubt use a conveyancing practitioner from their approved list. This will result in additional fees and likely delay.
  • Choose a new lawyer to conduct the conveyancing, ensuring that they are on the Halifax conveyancing panel.
  • Convince your lawyer to do everything possible to get listed on the Halifax conveyancing panel.

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