I have just been advised by my lender that my Penley property lawyer is not on the lender Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Penley lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they may recommend you to a Penley conveyancing practice that is on the conveyancing panel for your mortgage company.
Finally the sale completed on my house in Penley last April yet the purchaser is whats apping daily complaining that her solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. Where relevant, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion requirements specific conveyancing in Penley.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Penley. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/2/2025, the requirements read as follows :
When it comes to mortgage companies such as Coventry BS, do Penley property lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
The formalities of my purchase has taken place for my property in Penley. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I was told four weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in Penley is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm purchasing a new build house in Penley with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not disclose to my lawyer about the side-deal as it could adversely affect my loan with TSB. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Penley I like with open areas and station nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Penley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.