If you are buying a property with a mortgage, you may have been told that you need to find a panel solicitor. This means you should use a solicitor who is approved by your lender and is on their conveyancing panel.
At Lockings Solicitors, we are on the panels of all major mortgage lenders and many less well-known lenders. This means we can represent the lender and you in your purchase for a smooth transaction. Using a solicitor who is not approved by the mortgage company is not recommended, as it is likely to cause delays and extra expense.
We have a reputation for excellence, and 98% of our clients surveyed say that they would recommend us to their friends and families. In addition, we hold the Law Society’s Conveyancing Quality Scheme accreditation. This is awarded to law firms that meet the required standard of legal knowledge and advice, client care, and risk management.
If you need to find a panel solicitor for your house purchase, call us today. We are panel solicitors for all main lenders, and we offer a FREE initial chat so that you can ask us any questions you may have about buying or selling a property.
Call us on 01482 300 200, email us at welcome@lockings.co.uk or fill in our Free Online Enquiry and we will call you back promptly. We have offices in Beverley, Hull and York and represent clients across the country in freehold sales and purchases. We also deal with leasehold sales and purchases and newbuild purchases for local properties.
A panel solicitor is one who has been approved by your mortgage lender. Once the approval process is complete, the solicitor is added to the lender’s panel of solicitors who can then represent them in the purchase process.
As panel solicitors, we are able to act for both you and your lender, making the purchase process as easy as possible. We will be able to deal directly with the lender, and they will send us your mortgage advance once we are ready to complete.
You need a panel solicitor because a conveyancer who is not approved by your lender will not be able to provide the lender with the confirmation they need relating to the property. They require extensive due diligence to be carried out, and official confirmation that the property is good security for their loan.
As approved solicitors, we can deal with this work alongside our work for you and sign the necessary certificate when the time comes.
A panel solicitor is required to confirm to the lender that all aspects of the property meet their requirements. This includes having a good legal title, checking search results, looking at the property information provided by the seller and their solicitor, and ensuring that all necessary consents are in place, such as easements, planning consents, and building regulations approval.
As we will do all of this work for you, we will also be able to provide the relevant information to your lender.
If your conveyancer is not approved to act for your lender, there are two potential options. Either you can switch to a different law firm, or your lender will instruct their own legal team, which you will need to pay for.
Either way, there is likely to be a delay. New solicitors will need to carry out duplicate work to get up to speed. If the lender uses their own solicitor, the work will usually be carried out when they get round to it, and not immediately. If they have a backlog, then you could be left waiting for them to reach your case.
At Lockings Solicitors, we always aim to deal with all correspondence and enquiries straightaway, to ensure that we are ready to exchange contracts as soon as possible.
We move you quickly – up to three weeks faster than the national average – we know you will want to reach the exchange of contracts promptly, and we take steps to avoid delays. By following up with other parties regularly and providing information as soon as it is requested, we are able to cut the length of time conveyancing takes.
We are approved by all major lenders – you are advised to choose a panel solicitor when buying a property with a mortgage. We can represent both you and your lender in your purchase, ensuring a smooth and seamless transaction.
We have the expertise to deal with difficulties – our team members are highly experienced, meaning they are familiar with all types of legal complications and understand how to resolve these effectively. By dealing with matters head-on, we avoid the sorts of delays that can seriously derail a transaction or even cause sellers to pull out.
We provide an outstanding client service – throughout your time with us, we will make sure that we are easy to contact, and we will always take the time to answer your questions as they arise and discuss any worries you may have. If you ask us to contact you, we will do so promptly, and we will also ensure that you have regular updates.
We have a secure online conveyancing portal and simple onboarding process – it couldn’t be easier to work with us, and we are always happy to deal with matters by way of email, phone, or in person at our offices, whichever is easiest for you. It is very straightforward to get set up, and we also offer a secure conveyancing portal so that you can let us have the documents we will need at your convenience.
Clear, jargon-free advice – our guidance will be in plain English, and we will ensure that you have the information you need to make the right decisions when buying your new home. We will give you clear explanations and go through complicated issues in detail so that you understand everything.
Our services are great value for money – with conveyancing provided by expert property solicitors and a reputation for fantastic client service, we offer great value for money. If you would like to discuss the figures, we can let you have a no-obligation quote that will include any extras, such as the Land Registry’s fee for registering your purchase.
We offer a free initial chat – if you have questions about the process and how to get started with a house purchase, we will be happy to talk you through what happens. Please call us now for a free chat, and we can answer your questions.
If you are buying a property and you want to find a panel solicitor, contact us today. We are approved by all main mortgage lenders and offer a prompt, efficient conveyancing service.
You can ring us for a FREE initial chat on 01482 300 200, email us at welcome@lockings.co.uk or fill in our Free Online Enquiry and we will call you back promptly. We have offices in Beverley, Hull and York and represent clients across the East Yorkshire and York area and beyond.
If you are a customer of Lockings Solicitors and we have contracted with you online you may be entitled to use the EU Online Dispute Resolution (ODR) Platform to assist in resolving any dispute with us. This service can be found at https://ec.europa.eu/odr.
Our email address is welcome@lockings.co.uk
Lockings Solicitors is a trading name of Lockings Legal Services Limited registered in England and Wales company registration number 09244568. Lockings Legal Services Limited is authorised and regulated by the Solicitors Regulation Authority (Main Office SRA ID number 626081). A list of our directors is available for inspection at all our offices. Use the following link https://www.sra.org.uk/solicitors/standards-regulations/
for online access to the current professional rules applicable to solicitors. All calls are recorded for training and quality purposes.
The content on this website is for information only and is not intended to provide specific legal advice to a particular case. Should you require legal advice in relation to your particular situation then please do not hesitate to contact us.
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