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Ready to buy a new home? Failing to check that a lawyer is on the Cumberland BS list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Cumberland Building Society Conveyancing Panel

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

My husband and I are hoping to buy a 2 bedroom flat in Leeds with a mortgage from Cumberland Building Society. We like our solicitor but Cumberland Building Society says she’s not on their "panel". It seems we have little choice but to instruct one of the Cumberland Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Cumberland Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Cumberland Building Society
Much to my surprise my property lawyer has requested from me proof of ID documents stating that this is part of his obligations as a conveyancer on the Cumberland Building Society Solicitor panel. Is this right?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Cumberland Building Society your lawyer also has to check ID documents to satisfy Cumberland Building Society
Is it necessary during the course of the conveyancing process to pop into the offices of the Cumberland Building Society conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Newcastle so that I can pop in to their offices when needed.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle .
My uncle passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Cumberland Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Cumberland Building Society will insist on your using a conveyancer on the Cumberland Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Cumberland Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Cumberland Building Society mortgage is registered as a charge at the Land Registry.
When it comes to mortgage companies such as Cumberland Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
My wife and I have arranged a further advance on our mortgage from Cumberland Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Cumberland Building Society conveyancing panel to deal with the legals?
Cumberland Building Society do not ordinarily appoint a member of their approved list of lawyers 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 Cumberland Building Society list
I have a mortgage with Cumberland Building Society. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Cumberland Building Society?
You must advise Cumberland Building Society prior to renting your property as this is likely to be a breach of Cumberland Building Society’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Cumberland Building Society directly. You need not do this via a Cumberland Building Society conveyancing panel solicitor.