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approved by West Bromwich BS
Ready to buy a new home? Failing to check that a lawyer is on the West Bromwich BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the West Bromwich Building Society Conveyancing Panel? How can my firm be reinstated onto the West Bromwich Building Society Conveyancing Panel?Find an Approved Solicitor on the West Bromwich Building Society Conveyancing Panel
Examples of recent questions relating to the West Bromwich Building Society Solicitor Panel
What is the rationale as to why all UK lawyers aren't included on the West Bromwich Building Society Solicitor panel?
West Bromwich Building Society and other lenders tend to restrict either the type or the number of conveyancing firms on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that West Bromwich Building Society have no responsibility for the quality of advice provided by any member of West Bromwich Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, Conveyancing is not their speciality? To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime; probably not.
I do hope you can help me. My conveyancer is assuring me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the West Bromwich Building Society solicitor panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. As you are taking a mortgage with West Bromwich Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of West Bromwich Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated West Bromwich Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have been Googling for competitive conveyancing fees. Can I be sure that all the practices that are listed on your directory are on the West Bromwich Building Society conveyancing panel?
The law firms on our directory have advised us that they are on the West Bromwich Building Society panel and agreed to advise us to take down their listing in the event of removal off of the West Bromwich Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the West Bromwich Building Society conveyancing panel is incorrect.
I am considering applying for a West Bromwich Building Society mortgage for purchase of a new build (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for West Bromwich Building Society?
There is nothing to stop you using your solicitor but West Bromwich Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender West Bromwich Building Society be concerned
Given that you are obtaining a mortgage with West Bromwich Building Society your lawyer must to check the West Bromwich Building Society conveyancing instructions contained in the Part of CML Handbook for West Bromwich Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to West Bromwich Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
After much negotiation I have agreed a price on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the West Bromwich Building Society 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 West Bromwich Building Society 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 offer was accepted on an apartment on the 7th March 2014, valuation was booked 2 days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to West Bromwich Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the West Bromwich Building Society conveyancing panel. Are West Bromwich Building Society 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 West Bromwich Building Society to deal with your lawyers application to be on the West Bromwich Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.