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Ready to buy a new home? Failing to check that a lawyer is on the Landbay list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Landbay Partners Ltd Conveyancing Panel? How can my firm be reinstated onto the Landbay Partners Ltd Conveyancing Panel?Find an Approved Solicitor on the Landbay Partners Ltd Conveyancing Panel
FAQs for the Landbay Partners Conveyancing Panel
My property lawyer has never been on on the Landbay Partners Approved Panel. Can I still retain my family solicitor even though they are not on the Landbay Partners panel?
You have a number of options available to you here:
- Carry on with your preferred solicitors but Landbay Partners will need to instruct a lawyer on the Landbay Partners conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Landbay Partners conveyancing panel.
- Urge your lawyer to apply to join the Landbay Partners lender panel
My partner and I intend to remortgage our flat with Landbay Partners. We have a son approaching twenty who lives with us. The solicitor on the Landbay Partners conveyancing panel has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Landbay Partners conveyancing panel as he never had to sign this form when we remortgaged 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Landbay Partners conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Landbay Partners .This is solely used to protect the Landbay Partners if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Landbay Partners had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I need to find a Landbay Partners panel solicitor in Stirling. Can you assist?
It is not clear why you need a Landbay Partners panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Landbay Partners to find out which solicitors in Landbay Partners are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I was due to move into my dream home last Friday. My lawyer’s firm is on the Landbay Partners conveyancing panel but has changed address in the past couple of months and had not advised Landbay Partners of their new address. Landbay Partners is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Landbay Partners branch or your mortgage broker to see if they can assist.
Is there a list of Landbay Partners panel conveyancers on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Landbay Partners. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Landbay Partners involved you will need to appoint a solicitor on the Landbay Partners conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Landbay Partners. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Landbay Partners conveyancing panel.
For 5 years I had a mortgage with Landbay Partners. My uncle has just retired and wants to pay off the mortgage left on the property. After Landbay Partners is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Landbay Partners conveyancing panel? I do not intend to live at the property once the Landbay Partners mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Landbay Partners panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Other Topics
Transfer of Equity for Landbay PartnersPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors