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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.
Looking for information about your firm's panel status?Is my firm on the Beverley Building Society Conveyancing Panel? 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?
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Beverley Building Society Solicitor Panel Recently Asked Questions
My fiance and I are purchasing a 2 bedroom flat in London with a mortgage from Beverley Building Society. We have a solicitor but Beverley Building Society says she’s not on their "panel". We have to appoint one of the Beverley Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Beverley Building Society use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Beverley Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Beverley Building Society
I am buying a newly built apartment and my lawyer is telling me that she has to disclose incentives from the developer as her firm is on the Beverley Building Society conveyancing panel. I am under pressure to exchange contracts and I have no desire to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. 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 Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your search tool for the Beverley Building Society conveyancing panel? Do Beverley Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Beverley Building Society conveyancing panel as opposed to being supplied with a list from Beverley Building Society directly.
The solicitors that I appointed last week on my purchase in Manchester has without warning closed. I only went with them because I needed a firm on the Beverley Building Society conveyancing panel and my previous lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Beverley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Is there a list of Beverley Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Beverley Building Society on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Beverley Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Beverley Building Society. Unless your lawyer obtains specific confirmation in writing that Beverley Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Beverley Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I had an offer accepted on a property on the 6th March 2014, valuation was booked 4 days later, all came back fine. Solicitor instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Beverley Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Beverley Building Society conveyancing panel. Are Beverley Building Society 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 Beverley Building Society to deal with your lawyers application to be on the Beverley Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.