We are purchasing a 1 bedroom apartment in Colyers with a mortgage. We wish to retain our Colyers conveyancer, but the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel solicitors or retain our Colyers conveyancer as well as pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Colyers conveyancing lawyer to apply to be on the conveyancing panel.
The Colyers conveyancing firm handling our Colyers conveyancing has spotted a difference when comparing the assumptions in the valuation survey and what is revealed within the title deeds. My solicitor informs me that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Is it the case that all Colyers solicitors on the Nottingham conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Nottingham conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
The formalities of my remortgage has taken place for my property in Colyers. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I had an offer accepted on a property in Colyers on 13/6/2025, valuation was booked five days later, all came back fine. Property lawyer retained, so all that was missing was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Are Yorkshire BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Colyers I like with open areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Colyers for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I'm refinancing my existing house to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on further property. The neighborhood we are looking at is Colyers. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Make use of our search tool on this site to check that the conveyancers are approved by both lenders. On the basis that they are your conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make apparent your desired outcome and requirements.
Are all Colyers conveyancers on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local lender branch in Colyers. Chances are that they will know some good conveyancing solicitors in Colyers