Find a Yateley Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in Yateley

Me and my wife are purchasing property in Yateley. My lawyer is not on the lender approved panel. Can I still retain my Yateley conveyancing solicitor even though they are excluded from the mortgage company approved list?

One will need to instruct a conveyancing practitioner to deal with the formalities if you require a mortgage to purchase your property. They will conduct all the appropriate investigations on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. One could instruct a Yateley property lawyer of your choice. Nevertheless, where the conveyancing practitioner appointed is not on the mortgage company approved list supplemental costs will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your conveyancer has not historically sought membership they should take the chance to apply.

I am under pressure from the executor of a property in Yateley to complete within four weeks. What can I do to speed up matters?

In a situation where the seller is applying time constraints to sign contracts it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local relationships and know-how. It is even conceivable that they would have transacted otherproperties in the same neighbourhood. Therefore consider using a Yateley conveyancing firm. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Yateley conveyancing transactions are delayed or derailed after finding out that a purchaser’s conveyancer was not on their banks member panel. In many cases this discovery resulted in the transaction being frustrated by almost three weeks. It is understood that this issue impacts in the region of one hundred thousand home sales annually. Most Yateley conveyancing firms can not act for certain mortgage companies so do check as early as possible.

Can you clarify what the consequences are if my solicitor is removed from the Coventry BS Conveyancing panel ahead of completing my conveyancing in Yateley?

First, this is a very rare occurrence. 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.

How does conveyancing in Yateley differ for new build properties?

Most buyers of new build or newly converted property in Yateley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Yateley tend to purchase the site, 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 Yateley or who has acted in the same development.

I have been recommended by two or three local estate agents in Yateley to select a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to market your lawyers rather than a competitor’s?

We refuse to make any financial incentive for directing people our way. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

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