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approved by Cambridge BS

Ready to buy a new home? Failing to check that a lawyer is on the Cambridge BS list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Cambridge Building Society Conveyancing Panel

Examples of recent questions relating to the Cambridge Building Society Solicitor Panel

My partner and I are first time buyers. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through with a view to exchanging next week. Cambridge Building Society have this evening contacted us to inform me that there is now an issue as our conveyancer is not on their conveyancing panel. Is this a problem?
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 Quality Scheme. Your property lawyers should contact Cambridge Building Society and see if they can apply for membership of the Cambridge Building Society conveyancing panel, but if that is not viable Cambridge Building Society will instruct their own lawyers to represent them. You don't have to instruct a firm on the Cambridge Building Society conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.

Our lawyer has uncovered a legal deficiency with the lease for the property we are buying. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that as he is on the Cambridge Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Cambridge Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Cambridge Building Society are the client. A precondition to being on the Cambridge Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Cambridge Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Cambridge 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 note that you have a post code search directory listing firms on the Cambridge Building Society conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Cambridge Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am buying a semi-detached house and getting a mortgage with Cambridge Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Cambridge Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Cambridge Building Society conveyancing panel in your location.
The mortgage over my property is with Cambridge Building Society. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Cambridge Building Society?
You must advise Cambridge Building Society in advance of renting your property as this is likely to be a breach of Cambridge Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 Cambridge Building Society directly. It should not be necessary to do this via a Cambridge Building Society conveyancing panel solicitor.
The for formalities of my purchase has taken place with a mortgage from Cambridge Building Society. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Cambridge Building Society. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the Cambridge Building Society branches or the Customer Services Department at Cambridge Building Society head office. We understand that complaints to Cambridge Building Society are sorted out very quickly. However if you are not satisfied that the matter is resolved you can write to the Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Can I register a complaint to Cambridge Building Society about the lawyers being on the Cambridge Building Society conveyancing panel?
There is little point in complaining directly to Cambridge Building Society. All solicitors and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.