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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.
Looking for information about your firm's panel status?
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
FAQs for the Furness Building Society Solicitor Panel
My IFA has says he needs my law firm’s panel member for the Furness Building Society conveyancing panel. What is the best way to discover this. I have contacted my local Furness Building Society branch but they cant find it on their system.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Furness Building Society panel reference.
Please help. My lawyer is assuring me that he has to conduct a Local Authority search as the firm are on the Furness Building Society solicitor panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Furness 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 Furness Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Furness 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 online conveyancing estimates. Can I be assured that all the practices that are listed on your site are on the Furness Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Furness Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Furness Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Furness Building Society conveyancing panel is not accurate.
My solicitors in Birmingham have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Furness Building Society. Is it case that being on the Furness 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 Furness Building Society Conveyancing Panel Terms. It might be worth you contacting Furness Building Society directly.
When it comes to lenders such as Furness Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have a mortgage with Furness Building Society. Conveyancing has been completed some time ago. If I am intending 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?
You must advise Furness Building Society in advance of 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 permit you to let 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 recently had an offer accepted on a house. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Furness 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 Furness 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.