I am selling my house in Magor and the EA has just called to advise that the purchasers are changing their solicitor. The reason given is that the lender will only work with solicitors on their conveyancing panel. On what basis would a major lender only deal with specific solicitors rather the firm that they want to select to handle their conveyancing in Magor ?
UK lenders have always had an approved set of law firms they are content to work with, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 25 years.
Lending institutions blame a rise in fraud as the reason for the cull – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any sway in the decision.
We are about to complete on the purchase of a property in Magor but as a consequence of wreckage from a small fire at the property I have was able negotiate recompense from the current proprietors of six thousand pounds taking the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement however Coventry BS are not allowing this. Should they have been informed?
Any conveyancer that is on the Coventry BS approved list is required to inform Coventry BS of any changes to the sale price. If you were to refuse your conveyancer to disclose the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new property lawyer for your conveyancing in Magor.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Magor. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/1/2026, the requirements read as follows :
I am assisting my step-mother sell her flat in Magor. Will the conveyancer arrange the energy performance certificate or it is for me to see to?
After the demise of Home Information Packs, energy assessments was kept a compulsory component of selling a house. An energy performance certificate should be commissioned prior to the property being advertised. This is not as aspect of the sale process that conveyancers normally arrange. Where you are using a Magor conveyancing practitioner they might be able to arrange energy performance certificates due to their relationships with reputable Magor energy assessors
is it true that all Magor conveyancing solicitors on the Nationwide conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. Many lenders do permit licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
Planning on purchasing a maisonette in Magor. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Magor lawyer is on the Aldermore conveyancing panel.
I opted to have a survey carried out on a property in Magor ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some banks may not grant a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Magor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Magor to see if the conveyancing will be more expensive.
I was pointed in your direction by a few selling agents in Magor to find a property lawyer using your seach tool. Is there a financial upside for Estate Agents to promote your site rather than another?
We refuse to make any financial incentive for pointing buyers and sellers our way. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.