Landbay Conveyancing Panel : Questions and Answers from members of the public
I am obtaining a mortgage with Landbay. I hope to instruct a Licensed Conveyancer. Does the Landbay Solicitor panel include conveyancers regulated by the CLC
Landbay’s approved solicitor list is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I am due to move into my new home next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Landbay. What does the insurance need to cover?
All property lawyers on the Landbay conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Landbay’s Part 2 requirements of the CML Handbook (last updated on Landbay). Being on the Landbay conveyancing panel your lawyer is expect to follow these requirements.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Landbay conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Landbay approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am selling my house. Does my solicitor have to be on the Landbay conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Landbay conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
When it comes to lenders such as Landbay do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Landbay. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Landbay involved you will need to appoint a solicitor on the Landbay conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Landbay. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Landbay conveyancing panel.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Landbay on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Landbay conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Landbay panel she or he must comply with the CML Handbook requirements for Landbay. Unless your lawyer obtains specific confirmation in writing that Landbay will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Landbay to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
