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Landbay Partners Conveyancing Panel : Questions and Answers
My IFA has says he needs my lawyer’ panel reference for the Landbay Partners conveyancing panel. How do I obtain this. I have called my local Landbay Partners branch but they have not responded to me.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Landbay Partners panel reference.
I am due to complete my purchase next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Landbay Partners. What does the insurance need to cover?
All property lawyers on the Landbay Partners conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Landbay Partners’s Part 2 requirements of the CML Handbook (last updated on Landbay Partners). Being on the Landbay Partners conveyancing panel your lawyer is expect to follow these requirements.
Whilst your website is a good idea there are many lawyers listed near Chelsea on the Landbay Partners conveyancing panel. Can you recommend a specific firm on the Landbay Partners approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am considering remortgaging my home does my lawyer have to be on the Landbay Partners Solicitor panel?
There is nothing to stop you using your solicitor but Landbay Partners will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My fiance and I are in the process of viewing flats and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan with Landbay Partners
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Landbay Partners , make sure you remember to check that your lawyer is on the Landbay Partners conveyancing panel.
I have today made my last payment due on mortgage with Landbay Partners. I assume I don't need a solicitor on the Landbay Partners panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Landbay Partners mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Landbay Partners mortgage from the register. Landbay Partners,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Landbay Partners has sent the Land Registry the discharge electronically, and
the Landbay Partners has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Landbay Partners mortgage has been paid off.
It is not clear whether my mortgage offer requires a lease extension . I have called Landbay Partners on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Landbay Partners conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Landbay Partners panel she or he must comply with the CML Handbook requirements for Landbay Partners. Unless your lawyer obtains specific confirmation in writing that Landbay Partners will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Landbay Partners to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
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Transfer of Equity for Landbay PartnersPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors