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approved by Furness BS
Ready to buy a new home? Failing to check that a lawyer is on the Furness 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 Furness Building Society Conveyancing Panel? How can my firm be reinstated onto the Furness Building Society Conveyancing Panel?Find an Approved Solicitor on the Furness Building Society Conveyancing Panel
Examples of recent questions relating to the Furness Building Society Conveyancing Panel
I appointed a law firm to work on my purchase six weeks ago having applied for a mortgage with Furness Building Society. The solicitors confirmed to me that they are on Furness Building Society conveyancing panel and provided me their panel reference. Furness Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Furness Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Furness Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My solicitor has identified an inconsistency between the information in Furness Building Society’s home valuation report and what is in the title deeds. My lawyer informs me that as he is on the Furness Building Society conveyancing panel he needs to ensure that the bank is happy with this discrepancy and is content go ahead. Is my solicitor’s stance right?
A precondition to being on the Furness Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Furness Building Society) 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.
I am planning to acquire a flat and need a conveyancing solicitor in who is on the Furness Building Society solicitor. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Furness Building Society . We don’t recommend any particular firm.
I am selling my house. Does my solicitor have to be on the Furness Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Furness Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Furness Building Society. Is it possible to avoid using solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Furness Building Society involved you will need to appoint a solicitor on the Furness Building Society 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 Furness Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Furness Building Society conveyancing panel.
The mortgage over my property is with Furness Building Society. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Furness Building Society?
Your original mortgage agreement with Furness Building Society will provide that you need their approval before letting out your property as this is likely to be a breach of Furness Building Society’s mortgage conditions. It may be that Furness Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Furness Building Society directly. You need not do this via a Furness Building Society conveyancing panel solicitor.
I am selling my apartment. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Furness Building Society are being pedantic. The solicitor who is on the Furness Building Society conveyancing panel is recommending indemnity insurance as a solution but Furness Building Society are insisting on a building regulation certificate. Why do Furness Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Furness Building Society have referred the matter to their valuer. The reason why Furness Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.