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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

Q and A’s regarding the Cambridge Building Society Solicitor Panel

My Solicitor is not on the Cambridge Building Society Approved Panel. Can I still retain my family solicitor even though they are not on the Cambridge Building Society approved list?
You will need to have a conveyancer complete the legal work required when you take out a Cambridge Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Cambridge Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Cambridge Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
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 Cambridge Building Society will not agree to this. Why was Cambridge Building Society even consulted?
Your lawyer being on the Cambridge Building Society conveyancing panel is duty bound to inform Cambridge Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Cambridge Building Society then they would have to discontinue acting for you and Cambridge Building Society.
How up to date is your database of lawyers on the Cambridge Building Society conveyancing panel? Do Cambridge Building Society send you an updated list?
The firms themselves provide us confirmation that they are on the Cambridge Building Society conveyancing panel as opposed to being supplied with a list from Cambridge Building Society directly.
My conveyancers in Birmingham have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Cambridge Building Society. Is it case that being on the Cambridge Building Society conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Cambridge Building Society Conveyancing Panel Terms. It might be worth you contacting Cambridge Building Society directly.
I previously instructed online conveyancers located in Manchester who are on the Cambridge Building Society solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Cambridge Building Society mortgage. Is this an additional conveyancing fee set by Cambridge Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Cambridge Building Society but by your lawyers. Some firms on the Cambridge Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with Cambridge Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Cambridge Building Society?
Some lenders take longer than others. Have Cambridge Building Society completed the survey? Have you advised Cambridge Building Society as your lawyers details and checked that your lawyer is on the Cambridge Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My existing mortgage is with Cambridge Building Society. My grandfather retired last week and wants to pay off my mortgage. After Cambridge Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Cambridge Building Society conveyancing panel? I do not intend to live at the property once the Cambridge Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Cambridge Building Society conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.