Find an Approved Solicitor on the Barclays Bank as The Woolwich
Common questions asked concerning the Barclays - Woolwich Solicitor Panel
I am in the process of selling my apartment and the EA has just called to advise that the buyers are changing their law firm. The reason given is that Barclays - Woolwich will only deal with solicitors on their approved list. On what basis would a big named mortgage company only engage with certain lawyers?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, 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 as the reason 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.
Please help. My solicitor is informing me me that he has to order a Local Authority search as the firm are on the Barclays - Woolwich conveyancing panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Barclays - Woolwich 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 Barclays - Woolwich’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Barclays - Woolwich. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I note that you have a post code search directory identifying law firms on the Barclays - Woolwich conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Barclays - Woolwich conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My lawyers in Newcastle have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Barclays - Woolwich. Is it case that being on the Barclays - Woolwich conveyancing panel they need to have retained the file for a number of years?
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 Barclays - Woolwich Conveyancing Panel Terms. It might be worth you contacting Barclays - Woolwich directly.
I recently had an offer accepted on an apartment. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Barclays - Woolwich 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 Barclays - Woolwich 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 ex -wife’s name is on the Barclays - Woolwich mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Barclays - Woolwich mortgage in order to sell?
As regards the Barclays - Woolwich mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Barclays - Woolwich in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Barclays - Woolwich have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Barclays - Woolwich or your broker and complete any relevant paperwork. Barclays - Woolwich will tell you what documents they want. Barclays - Woolwich will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Barclays - Woolwich will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.