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approved by Beverley BS
Ready to buy a new home? Failing to check that a lawyer is on the Beverley 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 Beverley Building Society Conveyancing Panel? How can my firm be reinstated onto the Beverley Building Society Conveyancing Panel?Find an Approved Solicitor on the Beverley Building Society Conveyancing Panel
Beverley Building Society Conveyancing Panel : Questions and Answers
For what reasons could a law firm be excluded from the Beverley Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Beverley Building Society
Our lawyer has uncovered a defect with the lease for the flat we are buying. The other side have put forward title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that as he is on the Beverley Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Beverley Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Beverley Building Society are the client. A precondition to being on the Beverley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Beverley Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Beverley 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.
What tools are available to search for a local solicitor on the Beverley Building Society conveyancing panel? I have a car and am prepared to travel up to 10 miles to meet the conveyancer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Beverley Building Society solicitor panel.
My grandmother passed away last year and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Beverley Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Beverley Building Society will insist on your using a conveyancer on the Beverley Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Beverley Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Beverley Building Society mortgage is registered as a charge at the Land Registry.
I have paid off my mortgage with Beverley Building Society. I assume I don't need a solicitor on the Beverley Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Beverley Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Beverley Building Society mortgage from the register. Beverley Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Beverley Building Society has sent the Land Registry the discharge electronically, and
the Beverley Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Beverley Building Society mortgage has been paid off.
Intending to buy a house with a mortgage with Beverley Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Beverley Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Beverley Building Society conveyancing panel
Beverley Building Society 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 Beverley Building Society or your broker and complete any relevant paperwork. Beverley Building Society will tell you what documents they want. Beverley Building Society 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. Beverley Building Society 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.