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How does my firm apply to be on the Cambridge Building Society Conveyancing Panel? How can my firm be reinstated onto the Cambridge Building Society Conveyancing Panel?Find an Approved Solicitor on the Cambridge Building Society Conveyancing Panel
Cambridge Building Society Conveyancing Panel : Questions and Answers
My IFA has has requested my law firm’s panel reference for the Cambridge Building Society conveyancing panel. Can you suggest how I obtain this. I have called my local Cambridge Building Society branch but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Cambridge Building Society panel reference.
My lawyer has identified an inconsistency when comparing the surveyor’s assumptions in Cambridge Building Society’s valuation report and what is in the conveyancing documents. My solicitor has advised that as he is on the Cambridge Building Society conveyancing panel he is obliged to ensure that the lender is with this discrepancy and is content go ahead. Is my conveyancer’s course or action correct?
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) 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 both parties.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Cambridge Building Society conveyancing panel. My lawyer has said that they are on the Cambridge Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Cambridge Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Cambridge Building Society solicitor panel.
I am considering applying for a Cambridge Building Society mortgage for purchase of a new build (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Cambridge Building Society?
In theory, you could use a solicitor that is not on Cambridge Building Society conveyancing panel, but Cambridge Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Last month we had a mortgage agreed in principle with Cambridge Building Society. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Cambridge Building Society?
There is no definitive answer here. Have Cambridge Building Society conducted the valuation? 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
We were going to get a DIP from Cambridge Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Cambridge Building Society recommend a solicitor on the Cambridge Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Cambridge Building Society conveyancing panel. The solicitor represents both you and the Cambridge Building Society through the process.
I am selling my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Cambridge Building Society are being difficult. The solicitor who is on the Cambridge Building Society conveyancing panel is saying indemnity insurance will be fine but Cambridge Building Society are insisting on a building regulation certificate. Why do Cambridge Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Cambridge Building Society have referred the matter to their valuer. The reason why Cambridge Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.