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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.

Find an Approved Solicitor on the Coventry Building Society Conveyancing Panel

Frequently asked questions relating to the Coventry Building Society Solicitor Panel

On what basis could a law firm be excluded from the Coventry Building Society solicitor panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The top reasons in order are :
  1. Low volume of transactions
  2. the lawyer is a sole practitioner
  3. as part of the HSBC panel reduction
  4. regulatory contact by SRA
  5. accidental removal. We are not aware of the specific or common criteria for removal by Coventry Building Society
I am purchasing a newly constructed flat and my lawyer is advising me that she has to disclose incentives from the builder as her practice is on the Coventry Building Society conveyancing panel. The Estate Agents are hassling me to exchange and my preference is not to delay deal. 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.
I have been Googling for conveyancing quotes online. Can I be confident that all the practices that are listed on your website are on the Coventry Building Society conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Coventry Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Coventry Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Coventry Building Society conveyancing panel is incorrect.
I am trying to get my former partner taken off the mortgage deeds. Can Coventry Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Coventry Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Coventry Building Society solicitors panel
Why might a lender such as Coventry Building Society withdraw a mortgage offer?
Banks and Building Societies such as Coventry Building Society can revoke their mortgage offer although this is unusual. If Coventry Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential 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
  • Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
  • Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • 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;
  • If the lender reasonably believe that the applicant, borrower, mortgagor or guarantor is insolvent or is about to become insolvent or has or will have a petition presented or if any one or all enter into any arrangement with their creditors generally or if any one or all should suffer a material change in their financial circumstances
Intending to buy a house with a mortgage with Coventry Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Coventry Building Society conveyancing panel
My ex -wife’s name is on the Coventry Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Coventry Building Society mortgage in order to sell?
As regards the Coventry Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Coventry Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.