Find an Approved Solicitor on the Cumberland Building Society
Examples of recent questions relating to the Cumberland Building Society Solicitor Panel
I am expecting a offer of a mortgage from Cumberland Building Society. my intention is to enlist the help of a Licensed Conveyancer. Does the Cumberland Building Society Conveyancing panel allow for Licensed Conveyancers
Cumberland Building Society’s conveyancing panel is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Much to my surprise my property lawyer has informed me that he requires ID documents stating that this forms part of his obligations as a solicitor on the Cumberland Building Society Conveyancing panel. Is this right?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Cumberland Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Cumberland Building Society CML Handbook requirements last updated on Cumberland Building Society
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Cumberland Building Society conveyancing panel. My lawyer has said that they are on the Cumberland 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 Cumberland 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 Cumberland Building Society solicitor panel.
I was scheduled to complete on my dream home last Thursday. My solicitor is on the Cumberland Building Society solicitors panel but has changed address 8 weeks ago and had not informed Cumberland Building Society of their new address. Cumberland Building Society is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Cumberland Building Society branch or your mortgage broker to see if they can help.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Cumberland Building Society conveyancing panel requirements are different to Cumberland Building Society’s conveyancing panel criteria.
I have paid off my mortgage with Cumberland Building Society. I assume I don't need a solicitor on the Cumberland Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Cumberland Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Cumberland Building Society mortgage from the register. Cumberland Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Cumberland Building Society has sent the Land Registry the discharge electronically, and
the Cumberland Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Cumberland Building Society mortgage has been paid off.
My existing mortgage is with Cumberland Building Society. My father has just retired and wants to pay off the mortgage left on the property. After Cumberland Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Cumberland Building Society conveyancing panel? I do not intend to live at the property once the Cumberland Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Cumberland Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Transfer of Equity for Cumberland Building Society
Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors