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Find a Sawston Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Sawston

My husband and I are buying a 2 bedroom flat in Sawston with a mortgage. We have a Sawston conveyancer, however the bank advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Sawston solicitor as well as pay for one of their panel ones to represent them. We consider that this is unjust; is there anything we can do?

Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Sawston conveyancing lawyer to apply to be on the conveyancing panel.

What is the difference between a licensed conveyancer and conveyancing solicitor in Sawston

There are two types of lawyers who can do conveyancing in Sawston namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the sale or acquisition of property. They are both duty bound to conduct Sawston conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that the requisite steps should be accurately adhered to.

We have a mortgage agreed in principle with Kent Reliance. Sawston conveyancing practitioners have been selected. How long does it take for Kent Reliance to send the offer to the conveyancer?

There is no definitive answer here. Have Kent Reliance done the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

I have finally had an offer on a flat in Sawston agreed to, but there is a chain. The vendors have offered on a property, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have chosen a high street conveyancing solicitor in Sawston. What do I do now? When should I get the mortgage application with Leeds Building Society going?

It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Sawston conveyancing search fees, etc). First, you must ensure that your lawyer is on the Leeds Building Society approved list. Concerning the next phase this very much dictated by the circumstances of your case, motivation for the property and on the state of the market. In a buoyant market the majority of buyers would apply for the mortgage with Leeds Building Society and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with the conveyancing in Sawston.

Should my conveyancer be asking questions concerning flooding as part of the conveyancing in Sawston.

Flooding is a growing risk for solicitors carrying out conveyancing in Sawston. Plenty of people will purchase a house in Sawston, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.

Conveyancers are not qualified to impart advice on flood risk, however there are a various checks that may be initiated by the purchaser or by their conveyancers which can figure out the risks in Sawston. The conventional set of property information forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the owner to find out whether the property has suffered from flooding. If the residence has been flooded in past which is not notified by the owner, then a buyer may issue a legal claim for losses resulting from an misleading response. A buyer’s solicitors should also commission an enviro search. This should higlight if there is a recorded flood risk. If so, further inquiries should be carried out.

Are there restrictive covenants that are commonly picked up during conveyancing in Sawston?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Sawston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Sawston I like with a park and station nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Sawston in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

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