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approved by Barclays - Woolwich
Ready to buy a new home? Failing to check that a lawyer is on the Barclays - Woolwich 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 Barclays Bank as The Woolwich Conveyancing Panel? How can my firm be reinstated onto the Barclays Bank as The Woolwich Conveyancing Panel?Find an Approved Solicitor on the Barclays Bank as The Woolwich Conveyancing Panel
Q and A’s regarding the Barclays - Woolwich Solicitor Panel
Is the fact that my conveyancer is not identified on the Barclays - Woolwich Solicitor panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Barclays - Woolwich.
My partner and I intend to remortgage our maisonette with Barclays - Woolwich. We have a son 18 who lives with us. The solicitor on the Barclays - Woolwich conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Barclays - Woolwich conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Barclays - Woolwich .This is solely used to protect the Barclays - Woolwich if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Barclays - Woolwich had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have been Googling for conveyancing quotes online. Can I be sure that all the practices that are identified on your directory are on the Barclays - Woolwich conveyancing panel?
The law firms on our directory have advised us that they are on the Barclays - Woolwich panel and agreed to advise us to take down their listing in the event of removal off of the Barclays - Woolwich 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 Barclays - Woolwich conveyancing panel is incorrect.
We're in London, First time buyers buying with a mortgage (lender is Barclays - Woolwich , but our solicitor is on the Barclays - Woolwich conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays - Woolwich conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Are all solicitor practices on the Barclays - Woolwich conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Barclays - Woolwich conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I previously instructed online conveyancers based in Bristol who are on the Barclays - Woolwich solicitor panel. They are now charging me a separate fee of £150 for the legal aspects of the Barclays - Woolwich mortgage. Is this an additional conveyancing fee set by Barclays - Woolwich?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Barclays - Woolwich but by your lawyers. Some firms on the Barclays - Woolwich will charge an ‘acting for lender’ fee and others do not.
I had an offer accepted on an apartment on the 12th March 2014, valuation was booked 4 days after, all came back fine. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Barclays - Woolwich and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Barclays - Woolwich conveyancing panel. Are Barclays - Woolwich 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 Barclays - Woolwich to deal with your lawyers application to be on the Barclays - Woolwich conveyancing panel. There's no guarantee that your solicitors will be accepted.
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