Frequently asked questions relating to the Landbay Conveyancing Panel from members of the public
My property lawyer is not listed on the Landbay Approved Panel. Can I still retain my family solicitor notwithstanding that they are not on the Landbay list of approved lawyers?
You have a number of options available to you here:
- Complete the purchase with your preferred solicitors but Landbay will need to instruct a lawyer on the Landbay conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Landbay conveyancing panel.
- Urge your lawyer to apply to join the Landbay lender panel
Much to my surprise my conveyancer has requested from me identification documents stating that this is part of his retainer as a conveyancer on the Landbay Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Landbay also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Landbay CML Handbook requirements last updated on Landbay
I note that you have a post code search directory identifying solicitors on the Landbay conveyancing panel. Do firms pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Landbay conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The lawyers that I appointed last week on my house acquisition in Manchester has suddenly closed. I chose them because I had to have a lawyer on the Landbay conveyancing panel and my family lawyer was not. I paid them £200 on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Landbay conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with Landbay. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
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.
What are the common reasons for a lender such as Landbay to withdraw a mortgage offer?
Lenders such as Landbay can revoke their mortgage offer although this rarely happens. In the unlikely event that Landbay withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:
- If the borrower informs Landbay of a change in security address
- Where to proceed with the Mortgage offer would be unlawful
- Where the lender has to take account a recent change in law
- Where the sale is not at arms length for value to unconnected persons
- If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
Me and my partner are buying a flat in Hendon. Conveyancing solicitors in Hendon need to begiven the go-ahead. My brother-in-lawadvised that we double-check that the property lawyer in Hendon is on the Landbay solicitors panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing practices are on the Landbay conveyancing panel. 8 people a month use our search tool to search for a Hendon conveyancing solicitor on the on the Landbay approved list of lawyers.
