Solicitor not on mortgage lenders panel

When purchasing a property, it is necessary to use a conveyancer who is approved by your lender. If you use a solicitor not on the mortgage lenders’ panel, you are likely to encounter delays and added expense.

At Lockings Solicitors, we are on the mortgage lenders’ panels for all major high street lenders. This means that if you ask us to represent you in your purchase, we will be able to represent both you and the bank in your conveyancing transaction.

We have many years of experience in the property market, and we are routinely able to move clients 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 and the conveyancing process.

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.

What happens if you use a solicitor not on mortgage lenders panel?

When you buy a property with a mortgage, the lender will require a range of due diligence work to be carried out. This includes checking the legal title, establishing that the seller has complied with all restrictions relating to the property, ensuring that official documentation such as planning consent is in place, raising enquiries with the seller’s solicitor and commissioning the necessary searches.

Each lender has a panel of solicitors that they have approved. This means that they are happy for those solicitors to do this work on their behalf. By choosing a solicitor from the lender’s panel, the work will automatically be done alongside the work carried out on your behalf.

Should you use a solicitor not on your mortgage lender’s panel, you might have to change solicitors partway through the purchase process. This will cause delays and extra expense.

Alternatively, the lender will use their own legal team, and you will generally be required to pay for this. Because lender legal teams tend to be busy and do not prioritise urgent cases, this could cause hold-ups.

Why choose Lockings Solicitors for your property purchase?

We routinely beat the national average conveyancing time by up to three weeks

We know how important it will be to you to move promptly once you have found the right property and had your offer accepted. Our team members focus on moving a transaction forward efficiently from start to finish, including by:

• Taking instructions from you early on, so that as soon as the contract papers are received from the seller’s solicitor, we are able to start work on raising enquiries and applying for searches
• Dealing with complications straightaway and identifying how to resolve issues so that delays are avoided
• Providing you with the forms to be filled in straightaway, once you instruct us to represent you, so that these can be returned promptly for the start of the conveyancing process. This is particularly important if you are tying in a sale, as there are property information and fixtures and fittings forms to be filled in, and you may need to find additional documentation to accompany them

We are on the approved lender panel for all main mortgage lenders

As we are able to act for your lender as well as you, the conveyancing process will be streamlined. We will ensure that the information required by the lender is obtained and we will report to them on the title and other issues once we are ready to proceed.

They will send your mortgage offer directly to us, so that we can let you have the mortgage deed for signature. We will be able to order your mortgage advance directly from them in readiness for completion.

We have the experience to handle complications promptly

Unfortunately, complications often arise when buying a house. Our conveyancing solicitors have the expertise to find a solution, avoiding the risk of a transaction falling through. Less experienced conveyancers may be uncertain how to resolve issues, and hold-ups can mean that other parties in the chain may decide to pull out. We always take every possible step to avoid this risk.

We are independently accredited and rated as Excellent by our clients

We hold the Law Society’s Conveyancing Quality Scheme award. This recognises that we meet their high standards in the provision of strong legal advice, risk management and client care.

In addition, we are rated as Excellent by our clients and hold in excess of 900 reviews on Google. Of the clients questioned, 98% would recommend us to their friends and families.

We provide an exceptional service

Clients return to us time and again because of the excellent service we provide. We aim to be flexibly available and deal with you in the way that works best for you, whether this is by email or in person at one of our offices.

If you need us to call you, we will always do so promptly. We will take the time to discuss issues with you in detail, ensuring you have the information you need to make any necessary decisions.

Our advice will be clear and pragmatic, and we will explain complex legal matters without jargon.

Throughout your time with us, we will ensure that you have regular updates so that you know what stage has been reached, what needs to happen next and what information is still outstanding.

We offer a secure online conveyancing portal

We have a simple onboarding process so that you can engage us easily, at a time that suits you. You can use our secure online conveyancing portal to let us have the information we will need from you, including to verify your identity.

If you would like to get started with your conveyancing transaction now, give us a call, and we can talk you through the first steps.

Our services are great value for money

Our conveyancing services are provided by experts in property law and represent great value for money.

If you would like a conveyancing quote, call us now, and we will go through all of the figures with you. We can also advise on additional expenses, such as Stamp Duty, and let you know what searches you will need.

We offer a free initial chat

You may have questions at this stage, and we are always happy to have an initial chat with you for free and with no obligation. If you would like to discuss your purchase, please feel free to call us now.

Contact a conveyancing solicitor

If you are concerned that your solicitor is not on mortgage lenders panel, call us today. We are on the panels of all major lenders and can represent you in your property purchase.

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.