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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?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
Q and A’s regarding the Coventry Building Society Conveyancing Panel
Am I correct in assuming that the fact that my conveyancer is not on the Coventry Building Society Solicitor panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack 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. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Coventry Building Society.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Coventry Building Society was issued random date and we have agreed a date for me to move into the property on 6. My lawyer says that as she is on the Coventry Building Society conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions 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)which specifies that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Coventry Building Society.
I am Googling for online conveyancing estimates. Can I be confident that all the firms that are listed on your site are on the Coventry Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory 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 lender or a member of the public that the data about a specific firm being on the Coventry Building Society conveyancing panel is incorrect.
We're in Liverpool, First timers purchasing with a mortgage (lender is Coventry Building Society , but our solicitor is on the Coventry Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Can you point me to a directory of Coventry Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Coventry Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Coventry Building Society you will need to appoint a solicitor on the Coventry Building Society conveyancing panel.
I recently had an offer accepted on an apartment. My financial adviser recommended their conveyancers I paid an upfront payment of 150. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Coventry 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 Coventry 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.