My wife and I are planning to purchase a property in Shenfield and have instructed a Shenfield conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Bank of Scotland have this afternoon contacted us to advise us that there is now an issue as our Shenfield solicitor is not on their approved list of lawyers. What do we do from here?
If you are buying a property with the assistance of a mortgage it is normal for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Shenfield solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
We were just about to exchange contracts for a ground floor flat in Shenfield. We encountered a problem. Our mortgage offer with Nottingham Building Society runs out on 20/4/2026 but the owners are insisting on a completion date of 22/4/2026. Can one prolong the loan offer?
The best person to deal with your concern is your conveyancer who is in a position to assess whether they better off negotiating with the bank, seller’s conveyancers, selling agents or possibly all parties based on the history of your transaction to date.
How do I find out if the solicitor handling my conveyancing in Shenfield is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £187.00 plus VAT in further conveyancing invoice.
Please do take advantage of the search tool on this web page. Pick the lender and type ‘Shenfield’ or your location and you will be presented with numerous solicitors based in Shenfield or nearest you.
I'm purchasing a new build house in Shenfield with a mortgage from Clydesdale. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent advised me not reveal to my conveyancer about this extras as it may adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Shenfield is the location of the property. Can you shed any light on this issue?
Flying freeholds in Shenfield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shenfield you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenfield may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Are there any apps to help locate a Shenfield solicitor on the Barclays conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the solicitor.
You can use the facility on this website. Please select a bank and your location and you will see a number of Shenfield conveyancing lawyers locally. We have detailed some Shenfield conveyancing firms at the bottom of this page and you can contact them to verify if they are on the Barclays panel