Find an Approved Solicitor on the Dudley Building Society
FAQs : The Dudley Building Society Conveyancing Panel
For what reasons would a law firm be removed from the Dudley Building Society approved conveyancing panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been excluded from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Dudley Building Society
Can you help?. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Dudley Building Society was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My lawyer informs me that as she is on the Dudley Building Society conveyancing panel she needs to redo the searches as they are now out of date.
A precondition to being on the Dudley Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Dudley 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 Dudley Building Society.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Dudley Building Society conveyancing panel. My lawyer has said that they are on the Dudley 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 Dudley 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 Dudley Building Society solicitor panel.
I am buying a terraced house and getting a mortgage with Dudley Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Dudley Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Dudley Building Society conveyancing panel in your location.
When it comes to mortgage companies such as Dudley Building Society do lawyers have to be pay a fee to be on the conveyancing panel?
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.
I had instructed online solicitors based in Manchester who are on the Dudley Building Society solicitor panel. They have just invoiced me a separate fee of £175 for the legal aspects of the Dudley Building Society mortgage. Is this a supplemental conveyancing fee set by Dudley Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Dudley Building Society but by your lawyers. Some firms on the Dudley Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
Planning on purchasing a house with a mortgage with Dudley 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 Dudley 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 Dudley Building Society conveyancing panel
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