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approved by Scottish BS
Ready to buy a new home? Failing to check that a lawyer is on the Scottish 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 Scottish Building Society Conveyancing Panel? How can my firm be reinstated onto the Scottish Building Society Conveyancing Panel?Find an Approved Solicitor on the Scottish Building Society Conveyancing Panel
Scottish Building Society Conveyancing Panel : Questions and Answers
Can you please explain the reason why all property lawyers are not on the Scottish Building Society Conveyancing panel?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Scottish Building Society will not agree to this. Why was Scottish Building Society even consulted?
Your lawyer being on the Scottish Building Society conveyancing panel is duty bound to inform Scottish Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Scottish Building Society then they would have to discontinue acting for you and Scottish Building Society.
I am planning to acquire a house and require a conveyancing solicitor in who is on the Scottish Building Society approved. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Scottish Building Society . We don’t recommend any particular firm.
My solicitors in Manchester have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Scottish Building Society. Is it case that being on the Scottish Building Society conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements 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 Scottish Building Society Conveyancing Panel Terms. It might be worth you contacting Scottish Building Society directly.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Scottish Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Scottish Building Society your lawyer must to check the Scottish Building Society conveyancing instructions contained in the Part of CML Handbook for Scottish Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Scottish Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
Intending to buy a flat with a mortgage with Scottish Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Scottish Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Scottish Building Society conveyancing panel
My husband and I are taking a long lease of a flat in Hendon. Conveyancing solicitors in Hendon will soon beretained. My fathersuggested that we check that the solicitor in Hendon is on the Scottish Building Society approved list of lawyers. Is this right?
Far from all Hendon conveyancing firms are on the Scottish Building Society conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing solicitor on the on the Scottish Building Society approved list of lawyers.