Find an Approved Solicitor on the Ecology Building Society
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Is the fact that my conveyancer is not isted on the Ecology Building Society Conveyancing panel that there is a problem with the standard of his work?
It would not be wise to jump to that conclusion. 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 most common reasons for removal are: (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 Ecology Building Society.
I am due to complete my purchase next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Ecology Building Society. What does the insurance need to cover?
Any lawyer on the Ecology Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Ecology Building Society’s Part 2 requirements of the CML Handbook (last updated on Ecology Building Society). Being on the Ecology Building Society conveyancing panel your lawyer is expect to follow these requirements.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Ecology Building Society conveyancing panel. My lawyer has said that they are on the Ecology 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 Ecology 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 Ecology Building Society solicitor panel.
I am buying a new build flat and getting a mortgage with Ecology Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Ecology 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 Ecology Building Society conveyancing panel in your location.
In what circumstances might Ecology Building Society amend or withdraw their mortgage offer?
Banks and Building Societies such as Ecology Building Society can revoke their mortgage offer although this rarely happens. In the unlikely event that Ecology Building Society withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
Ecology Building Society may amend or withdraw an offer if the Ecology Building Society conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
If the borrower informs Ecology Building Society of a change in security address
Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
Where the lender has to take account a recent change in taxation
If the solicitor on the Ecology Building Society conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Ecology Building Society ‘s instructions
Can I register a complaint to Ecology Building Society about the lawyers being on the Ecology Building Society conveyancing panel?
Complaining to Ecology Building Society about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.
I was told three weeks ago that my mortgage has been agreed
to by Ecology Building Society. Is it usual for Ecology Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Ecology Building Society to deal with your lawyers application to be on the Ecology Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.