How To Check If Solicitor Is On Lenders Panel

When you buy a property with a mortgage, you need to use a solicitor approved by your mortgage company. We look at how to check if a solicitor is on a lender’s panel of approved conveyancers and why this is so important.

At Lockings Solicitors, we are on the approved panel of all major mortgage lenders. This means we can represent you and your lender in your property purchase. If you were to choose a conveyancer who is not approved by your lender, you might have to switch to a new conveyancer partway through the transaction, which is likely to cause delays. Alternatively, your lender could require you to pay for them to instruct their own legal team.

Our property solicitors are highly experienced and have the legal expertise to deal with a house move promptly, even where legal complications arise. We always work to move transactions along effectively, avoiding hold-ups and aiming to reach the exchange of contracts as soon as possible.

If you need to know how to check if a solicitor is on lenders panel or you are looking for conveyancing solicitors approved by your lender, call us today. We offer a FREE initial chat so that you can ask us any questions you may have about buying 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.

How to check if a solicitor is on a lender’s panel

To check if a solicitor is on a lender’s panel, you can ask the solicitor or speak to the lender. It may be tricky to get through to someone at the lender’s offices, so the easiest option is often to ask your solicitor. At Lockings Solicitors, we are on the approved lending panel of all major high street lenders. If you would like to double-check that we can act for both you and your lender, give us a call, and we will be happy to let you know.

What happens if your solicitor is not approved by your lender?

Your lender needs a solicitor to represent their interests in your property purchase in the same way that you need legal representation. The lender will want confirmation that the legal title is in order, search results are satisfactory, and that all necessary questions have been asked and answered.

When it is time for your mortgage advance to be ordered, the lender will need the solicitor to sign a certificate of title confirming that the property has a good and marketable title, including all necessary rights, and that there are no covenants that impose excessive restrictions. The solicitor will confirm that the property meets the requirements of the UK Finance Mortgage Lenders’ Handbook. If it does not, the solicitor will draw the lender’s attention to any discrepancies and seek their written confirmation that they are still prepared to lend.

If your conveyancer is not on your lender’s panel of approved solicitors, the lender will have to engage their own legal team to carry out this due diligence work. This could cause hold-ups and will generally be an extra expense.

Using Lockings Solicitors approved lender panel solicitors

At Lockings Solicitors, we can represent both you and your lender. We will carry out the required work to establish that the property has a sound legal title and check all relevant property information, including carrying out the required searches.

When we have all of the documentation we need, we can report to you on the property. Once contracts are exchanged, we will also be able to report to your lender and order the mortgage advance in readiness for completion.

Choosing experienced conveyancing solicitors means that both you and your lender can have confidence that the legal work will be carried out promptly and with diligence.

We have the experience to resolve difficulties and will find solutions that minimise delays wherever possible.

Why choose Lockings Solicitors for your property purchase?

Independent accreditation – we have the Law Society’s Conveyancing Quality Scheme award. This recognises high standards in the provision of legal advice, managing risk and client care.

Rated as Excellent – we hold in excess of 800 Google reviews, and our clients rate us as Excellent. We are regularly referred to our clients’ friends and families, and have clients who return to us every time they move.

We are on the lenders panel of approved solicitors for all high street lenders – if you are looking for solicitors approved by a lender, you can be sure that we will be able to act for you. We are on the panel of all major lenders, meaning we are authorised to represent them in conveyancing transactions.

Great value for money – our experienced property solicitors represent great value for money. If you would like a conveyancing quote, call us today and we can go through all of the figures with you, including extras such as Stamp Duty and search fees.

We move you quickly – we always work proactively to ensure a transaction progresses. We do this by keeping in close touch with the other parties involved, including your seller’s solicitor, the estate agent and, if you have a related sale, your buyer’s solicitor. We will check that everyone has the information they need from us, and give you plenty of notice should we require anything from you.

Should a complication arise, we will know how to resolve this and we will tackle it immediately, taking all steps necessary to reduce delays.

We keep you updated – we know that buying a house can be stressful, and we always do all we can to minimise this. We will provide you with regular updates so that you know what stage has been reached.

Our advice will be clear – property law is not always simple to understand, and we will make sure that you have the explanations you need. Our advice to you will be jargon-free, and we are always happy to discuss legal issues and answer questions.

We are easy to contact – we are very responsive, and we will make sure we are available to speak to you as needed. If you ask us to call you, we will do so promptly.

An easy onboarding process – if you would like us to represent you and your lender in your property purchase, give us a call and we will talk through the initial onboarding process. Asking a solicitor to represent you early on can reduce the time taken to reach readiness for contract exchange.

We will explain the initial steps to you and let you have the forms we will need you to fill in. We offer a secure online conveyancing portal that you can use, if you wish, to let us have the documentation we will need from you.

Free initial conversation – we offer a free, no-obligation chat at the outset so that you can discuss matters with us and ask us any questions you may have. We can also let you have a conveyancing quote at this point.

Contact our experienced conveyancing solicitors

If you need to know how to check if solicitor is on lender’s panel or you are looking for expert conveyancing solicitors approved by your mortgage company, we will be happy to hear from you.

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.