Find an Approved Solicitor on the Bath Building Society
Dual Representation Solicitors
Bath Building Society does not operate a Conveyancing
Panel, but does allow certain lawyers to conduct dual
representation subject to meeting their criteria.
For the purposes of clarification, references on this page
to "conveyancing panel" mean the ability of your lawyer
represent both you and Bath Building Society in their capacity as
Sample Enquires to our Call Center
Am I correct in assuming that the fact that my solicitor is not on the Bath Building Society Solicitor panel that there is a problem with the standard of the firm’s work?
That would more than likely be a wrong assumption to make. 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 Bath Building Society.
Our conveyancer has uncovered a problem with the lease for the apartment we are purchasing. The other side have offered title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor has advised that as he is on the Bath Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or Bath Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Bath Building Society are the client. A precondition to being on the Bath Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bath Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Bath Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . 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 see that you have a post code search directory listing law firms on the Bath Building Society conveyancing panel. Do firms pay you a commission if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Bath Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Liverpool, First time buyers buying with a mortgage (lender is Bath Building Society , but our lawyer is on the Bath Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bath Building Society 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
is it true that all solicitor practices on the Bath Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bath Building Society 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).
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Bath Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Bath Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Bath Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Transfer of Equity for Bath Building Society
Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors