Find an Approved Solicitor on the Bradford & Bingley Limited
FAQs for the Bradford & Bingley Conveyancing Panel
My wife and I are novices when it comes to buying a property. Within the 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Bradford & Bingley have this morning contacted us to inform me that there is now an issue as our lawyer is not on their conveyancing panel. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme.
Your solicitors should contact Bradford & Bingley and see if they can apply for membership of the Bradford & Bingley conveyancing panel, but if that is not viable Bradford & Bingley will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the Bradford & Bingley conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
My solicitor has spotted a difference when comparing the information in Bradford & Bingley’s valuation survey and what is in the legal papers for the property. My lawyer informs me that as he is on the Bradford & Bingley conveyancing panel he must check that the bank is with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
A precondition to being on the Bradford & Bingley approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bradford & Bingley) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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 note that you have a post code search directory listing law firms on the Bradford & Bingley conveyancing panel. Do firms pay you a commission if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Bradford & Bingley conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in Birmingham, FTBs purchasing with a mortgage (lender is Bradford & Bingley , but our solicitor is on the Bradford & Bingley conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bradford & Bingley 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
The mortgage over my property is with Bradford & Bingley. Conveyancing has been completed some time ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bradford & Bingley?
You must advise Bradford & Bingley in advance of letting out your property as this is likely to be a breach of Bradford & Bingley’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bradford & Bingley directly. It should not be necessary to do this via a Bradford & Bingley conveyancing panel firm.
I recently had an offer accepted on an apartment. My mortgage broker recommended their conveyancers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Bradford & Bingley conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bradford & Bingley panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a house with a mortgage with Bradford & Bingley. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bradford & Bingley 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 Bradford & Bingley conveyancing panel