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Cambridge Building Society Conveyancing Panel : Questions and Answers
My IFA has asked me for my law firm’s panel member for the Cambridge Building Society conveyancing panel. How do I obtain this. I have e-mailed my local Cambridge Building Society branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Cambridge Building Society panel reference.
We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Cambridge Building Society. I am advised that, being on the Cambridge Building Society conveyancing panel and acting on their behalf he must inform Cambridge Building Society if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Cambridge Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Cambridge Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am searching for online conveyancing estimates. Can I be assured that all the law firms that are identified on your website are on the Cambridge Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the Cambridge Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Cambridge Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Cambridge Building Society conveyancing panel is incorrect.
I am purchasing a new build flat 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.
I am buying a property where the roof has a solar panel. Cambridge 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 Cambridge Building Society your lawyer must to check the Cambridge Building Society conveyancing instructions contained in the Part of CML Handbook for Cambridge Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Cambridge 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.
After much negotiation I have agreed a price on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Cambridge Building Society 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 Cambridge Building Society 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.
Next month my fiance and I are acquiring a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My fatheradvised that we double-check that the conveyancing practitioner in Hendon is on the Cambridge Building Society solicitors panel. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Cambridge Building Society conveyancing panel. 7 people a month use our search tool to find a Hendon conveyancing practitioner on the on the Cambridge Building Society panel.