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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.

Find an Approved Solicitor on the Beverley Building Society Conveyancing Panel

Common questions asked concerning the Beverley Building Society Conveyancing Panel

On what basis would a firm of solicitors be excluded from the Beverley Building Society approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of solicitor practices had been removed from a lender panel. The top reasons in order are :
  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. We are not aware of the specific or common criteria for removal by Beverley Building Society
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Beverley Building Society will not agree to this. Why was Beverley Building Society even consulted?
Your lawyer being on the Beverley Building Society conveyancing panel is duty bound to inform Beverley Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Beverley Building Society then they would have to discontinue acting for you and Beverley Building Society.
I am buying a property and need a conveyancing solicitor in Manchester who is on the Beverley Building Society approved. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Beverley Building Society . We don’t recommend any particular firm.
Please explain the implications if my solicitor is removed from the Beverley Building Society Solicitor panel in advance of the completion date?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
We are getting a further advance on our mortgage from Beverley Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Beverley Building Society conveyancing panel to deal with the legals?
Beverley Building Society do not ordinarily appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Beverley Building Society list
I am buying a property where the roof has a solar panel. Beverley Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Beverley Building Society your lawyer must to check the Beverley Building Society conveyancing instructions contained in the Part of CML Handbook for Beverley Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Beverley Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
We were going to get a DIP from Beverley Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Beverley Building Society recommend a solicitor on the Beverley Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Beverley Building Society conveyancing panel. The solicitor represents both you and the Beverley Building Society through the process.