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approved by Dudley Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Dudley Building Society list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Dudley Building Society Conveyancing Panel
FAQs for the Dudley Building Society Solicitor Panel
My husband and I are FTBs. Within the last couple of days our lawyer has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. Dudley Building Society have this evening contacted us to advise us that they have now hit a problem as our lawyer is not on their approved list of lawyers. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact Dudley Building Society and see if they can apply for membership of the Dudley Building Society conveyancing panel, but if that is not viable Dudley Building Society will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Dudley Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
can you help? My solicitor is informing me me that he is legally obliged to apply for a Local Authority search because the firm are on the Dudley Building Society approved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Dudley Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Dudley Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Dudley Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have been looking for conveyancing quotes online. Can I be sure that all the law firms that are identified on your directory are on the Dudley Building Society conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the Dudley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Dudley 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 Dudley Building Society conveyancing panel is not accurate.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Dudley Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Dudley Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all solicitor practices on the Dudley Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Dudley Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Two weeks ago we had a mortgage agreed in principle with Dudley Building Society. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Dudley Building Society?
There is no definitive answer here. Have Dudley Building Society completed the survey? Have you advised Dudley Building Society as your lawyers details and checked that your lawyer is on the Dudley Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My brother and I have agreed a price on a house I spoke to a lawyer recommended by my dad and he suggested using a solicitor approved by Dudley Building Society. The estate agent recommended two local firms so I asked Dudley Building Society if the 2 suggested solicitors are approved, which they are not. Dudley Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Dudley Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Dudley Building Society to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Dudley Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Dudley Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Dudley Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.