I plan on buying a flat in Tooting Bec. My Solicitor has never been on on the lender conveyancing panel. Am I still permitted to continue with my Tooting Bec conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
Various options include
- Proceed with your chosen Tooting Bec lawyer but your mortgage company will need to appoint a solicitor on their approved panel. The net result is additional charges and potential frustration.
- Appoint a new conveyancing practitioner to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your property lawyer to pull out all the stops to get listed on the lender’s conveyancing panel
Please help. My Tooting Bec solicitor is informing me me that she is duty bound toconduct Tooting Bec conveyancing searches becausethe firm are on the Virgin Moneyapproved lawyer panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the CML Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Tooting Bec conveyancing searches.
Can you point me to a directory of Nottingham panel conveyancers in Tooting Bec on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of lenders make their panel listings open the public over the internet. Where you are seeking to appoint a Tooting Bec conveyancer on the Nottingham please make the most of our facility.
We are getting the release of further funds on our home loan from Nottingham as we intend to conduct improvements to our property in Tooting Bec. Are we obliged to choose a high street Tooting Bec solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham would not normally appoint a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
My offer was accepted on a property in Tooting Bec on 3/12/2025, valuation was booked 3 days after, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I purchased my apartment on 13 May and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Tooting Bec advises it should be concluded in less than a month. Are transfers in Tooting Bec uniquely lengthy to register?
There is nothing unique about conveyancing in Tooting Bec registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd parties. At present roughly 80% of submission are fully dealt with within two weeks but some can be subject to longer hold-ups. Registration occurs once the new owner is living at the property thus an expedited registration is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
I have been on the look out for a flat up to £195,000 and found one round the corner in Tooting Bec I like with open areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Tooting Bec for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
How can the Landlord & Tenant Act 1954 impact my business property in Tooting Bec and how can your lawyers assist?
The 1954 Act provides a safeguard to business lessees, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Tooting Bec