Lender panel solicitor

When choosing a conveyancer, you should use a lender panel solicitor if you are buying your property with a mortgage. A lender panel solicitor is one who is approved by the lender to represent them in your purchase.

If your solicitor is not a lender panel solicitor, you are likely to experience delays and extra costs. This is because the lender would need to instruct their own legal team, or alternatively, you might have to switch to a different conveyancer.

At Lockings Solicitors, we are lender panel solicitors for all the main high street lenders. This means that if you are buying a property with a mortgage, we can represent both you and your lender at the same time. This is the most cost-effective option, and it can reduce delays, making the process as smooth as possible.

Our conveyancing solicitors have many years of experience in dealing with property purchases and sales, and a high level of legal expertise. We always work proactively, and we regularly complete conveyancing transactions up to three weeks faster than the national average.

We offer a FREE initial chat so that you can ask us any questions you may have about purchasing a property with a mortgage.

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.

Why do I need a lender panel solicitor?

Your mortgage lender will require that an expert property solicitor certify that the house or flat you are buying is good security for their loan. This involves extensive due diligence work, and the solicitor will be required to sign a certificate confirming that the lender’s criteria are met.

Lenders approve certain solicitors to carry out this work and put them on their panel of authorised conveyancers. By choosing a solicitor approved by your lender, the purchase process will be streamlined.

If the lender had to use their own legal team, it is likely to take longer, as they generally have high workloads and might not prioritise urgent matters.

At Lockings, we can act for both you and your lender at the same time. This means that your lender can send us your mortgage offer as soon as it is issued, and we will be able to report to them on the property with the certificate they need, and order your mortgage advance to be sent to us in time for completion.

What does a lender panel solicitor do?

A lender panel solicitor will carry out a range of work to check issues such as the legal title to the property, information provided by the seller relating to the property, search results, planning consents, and other issues.

This is also the work we will carry out on your behalf, so by using us, you will not have to pay for the same work to be done twice by different solicitors.

When the time comes to complete your purchase, we will send the official certificate of title to the lender, confirming that the property is acceptable and meets their criteria.

Why choose Lockings Solicitors?

We have a faster than average completion time for property purchases – we always follow up regularly when information is outstanding, and we keep in contact with the other parties involved to check they are also progressing related transactions. By dealing with all correspondence and queries straightaway and resolving difficulties promptly, we move our clients up to three times more quickly than the national average conveyancing time.

We have a high level of legal expertise – should complications arise, our team members have the knowledge to resolve these. We will tackle them immediately, reducing the risk of a transaction falling through. Using a less experienced conveyancer might mean serious delays if there is a legal issue they are unfamiliar with, or that they postpone. Delays can endanger a purchase, as others in the chain may decide not to wait for matters to be resolved.

We are lender panel solicitors for all major high street lenders – we are approved by all mainstream lenders to act for them in purchases. This means that if you are taking out a mortgage, we can represent you and your lender together, making for a fast and efficient process.

We are known for our excellent client service – we will make sure that you have regular updates on the progress of your purchase, and that we are easy to contact. If you ask us to call you, we will do so without delay, and we will always take the time to talk through any concerns with you.

Our clients rate us as Excellent – we have over 900 reviews on Google, and of clients questioned, 98% would recommend us to their friends and families.

We hold the Law Society’s Conveyancing Quality Scheme accreditation – this is awarded to firms who meet their standards of strong client care, careful risk management, and the provision of good quality legal advice.

Our service is great value for money – our solicitors have extensive experience and are great value for money. For a no-obligation conveyancing quote, call us today, and we will go through the figures with you. We can include any additional costs, such as search fees, so that you have a clear picture of the amount your purchase will cost.

We have a secure online conveyancing portal – we always aim to make the house-buying process as easy as possible for you. You can use our secure portal to provide us with the information we will need. We are always happy to deal with matters by email, phone, or in person at our offices, whichever works best for you.

We provide clear legal advice – we will explain legal issues in plain, jargon-free language, and ensure that you have all of the guidance you need to make an informed decision where necessary.

We offer a free initial chat – if you have any questions at this stage, we will be happy to talk to you. We offer a free chat so that you can ask us anything, with no obligation, and we can also provide you with a conveyancing quote.

When should I instruct a solicitor?

We always recommend speaking to a solicitor early on, even if you have not yet found a property to purchase. There is some initial work to do in setting up a transaction, including verifying your identity. If you contact us now, we can talk through the onboarding process with you and set the ball rolling.

It is particularly advisable to start work straightaway if you are tying in a sale, as there are property information forms and a fixtures and fittings list to fill in, and you may need to locate additional paperwork to accompany them, such as planning consents, or guarantees for windows or the boiler. By dealing with these now, we will be in a position to send out the contract package as soon as you find a buyer and the chain is in place. This type of preparation can help reduce the time taken to reach the exchange of contracts.

Contact our lender panel solicitors

If you are looking for an experienced lender panel solicitor, call us today.

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.