lenderpanel

Find a Silverstone Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Silverstone? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Silverstone transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Silverstone conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Silverstone

If you had a top tip for choosing a conveyancing solicitor in Silverstone what would it be?

Do not opt for the lowest Silverstone conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.

I had a mortgage agreed in principle with Santander. Silverstone conveyancing practitioners have been chosen. How long does it take for Santander to send the offer to the property lawyer?

Some lenders take longer than others. Have Santander done the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Silverstone conveyancer on the Coventry BS panel to discharge the mortgage at the Land Registry. Am I right?

If you have finished paying off your Coventry BS 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 Coventry BS mortgage from the register. Coventry BS, 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:

  1. but are not moving to another property
  2. where Coventry BS has sent the Land Registry the discharge electronically, and
  3. Coventry BS has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Coventry BS mortgage has been paid off.

Will commercial conveyancing searches reveal impending roadworks that could impact a commercial estate in Silverstone?

Many commercial conveyancing solicitors in Silverstone will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Silverstone. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Silverstone.

For every commercial conveyancing transaction in Silverstone it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Silverstone commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Silverstone.

I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Silverstone for a purchase of a freehold house 18 months ago. How can I establish that my home is in my name in the name of the former proprietor?

The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Silverstone conveyancing specialists.

I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Silverstone is where the house is located. What do you suggest?

Flying freeholds in Silverstone are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Silverstone you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Silverstone may determine 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.

Our lender agreed in principle to issue us a mortgage. We are using a long established conveyancer in Silverstone last week. Today, our broker contacted us saying that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the lender had some control over our choice Is this usual?

You are permitted to select any lawyer you prefer to appoint for your conveyancing in Silverstone however if your lender aren't happy with them you will have to incur an extra fee so the mortgage company can appoint their own solicitors as well to protect their interest. It may be possible your preferred conveyancing firm to get added to the lender panel. Do make the most of internet search facilities such as lenderpanel.com to find a conveyancing solcitor in Silverstone on the mortgage company panel. You can go into your high street bank branch in Silverstone. They will know some good conveyancing solicitors in Silverstone on the panel for your mortgage company.

Last updated

Find out more about how flying freehold can affect your the value of a property.