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approved by Coventry BS
Ready to buy a new home? Failing to check that a lawyer is on the Coventry BS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?Is my firm on the Coventry Building Society Conveyancing Panel? How does my firm apply to be on the Coventry Building Society Conveyancing Panel? How can my firm be reinstated onto the Coventry Building Society Conveyancing Panel?
Find an Approved Solicitor on the Coventry Building Society Conveyancing Panel
FAQs for the Coventry Building Society Solicitor Panel
A conveyancer I wanted to use for conveyancing on a remortgage said she would charge more if my mortgage is with Coventry Building Society due to their difficult processes! Will I regret using Coventry Building Society? Is Coventry Building Society conveyancing so much more difficult?
Coventry Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Coventry Building Society conveyancing panel. If they are not, this does add further risk of delay as Coventry Building Society will appoint their own solicitors to look after their interest.
I am purchasing a new build duplex and my solicitor is advising me that she is duty bound to reveal incentives from the builder as her practice is on the Coventry Building Society conveyancing panel. I am nearing the developer’s deadline to exchange contracts and I dont want to delay the conveyancing. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Coventry Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Coventry Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do all the firms listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Coventry Building Society conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I am purchasing a new build flat and getting a mortgage with Coventry 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 Coventry 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 Coventry Building Society conveyancing panel in your location.
We are getting a further advance on our mortgage from Coventry Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Coventry Building Society conveyancing panel to deal with the legals?
Coventry Building Society do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Coventry Building Society panel
Is it common for Coventry Building Society to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Coventry Building Society can withdraw their mortgage offer although this is unusual. should Coventry Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are a number of examples:
- Coventry Building Society may amend or withdraw an offer if the Coventry Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- If the borrower informs Coventry Building Society of a change in security address
- A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
My fiance and I are spending time looking at houses and now considering a potential offer. Is it premature to have a solicitor in place? I I am planning to take a mortgage with Coventry Building Society
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Coventry Building Society , make sure you remember to check that your lawyer is on the Coventry Building Society conveyancing panel.