Find an Approved Solicitor on the Landbay Partners Ltd
Conveyancing Panel
FAQs : The Landbay Partners Solicitor Panel
I am in the process of selling my house and the EA has just e-mailed to advise that the buyers are switching law firm. The reason given is that Landbay Partners will only deal with solicitors on their conveyancing panel. On what basis would a leading lender only engage with certain solicitors?
UK lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Lenders blame a rise in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Landbay Partners was date stamped random date and we have agreed a date for me to move into the property on Tues etc. My solicitor says that as she is on the Landbay Partners conveyancing panel she needs to reorder the searches as they are now out of date.
One of the many conditions to being on the Landbay Partners approved panel is to comply with the CML Handbook requirements (last updated for this lender on Landbay Partners)which specifies that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Landbay Partners.
I need to find a Landbay Partners panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Landbay Partners panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Landbay Partners to find out which solicitors in Landbay Partners are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
My lawyers in Leeds have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Landbay Partners. Is it case that being on the Landbay Partners conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Landbay Partners Conveyancing Panel Terms. It might be worth you contacting Landbay Partners directly.
Are all solicitors on the Landbay Partners conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Landbay Partners conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Landbay Partners conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Landbay Partners panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My brother and I are purchasing a terraced house in Hendon. Conveyancing solicitors in Hendon need to beretained. My brother-in-lawrecommended that we enquire that the property lawyer in Hendon is on the Landbay Partners solicitors panel. Is this right?
Not all Hendon conveyancing practices are on the Landbay Partners conveyancing panel. 5 people a month use our search tool to locate a
Hendon conveyancing lawyer on the on the Landbay Partners panel.