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approved by Furness BS

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

Find an Approved Solicitor on the Furness Building Society Conveyancing Panel

FAQs for the Furness Building Society Solicitor Panel

My IFA has says he needs my solicitor’s panel reference for the Furness Building Society conveyancing panel. What is the best way to obtain this. I have contacted my local Furness Building Society office but they don't know it.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Furness Building Society panel reference.
My lawyer has identified a difference between the assumptions in Furness Building Society’s home valuation report and what is in the conveyancing documents. My solicitor says that as he is on the Furness Building Society conveyancing panel he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
A precondition to being on the Furness Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Furness Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Furness Building Society conveyancing panel. My lawyer has said that they are on the Furness 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 Furness 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 Furness Building Society solicitor panel.
The firm that just started acting on my purchase in Hendon has without warning closed. They were on acting for me because I had to have a firm on the Furness Building Society conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Furness Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Furness Building Society be concerned
Given that your lender is Furness Building Society your lawyer must to check the Furness Building Society conveyancing instructions contained in the Part of CML Handbook for Furness Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Furness Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have agreed a price on a house I spoke to a conveyancer previously used by my brother and he advised instructing a law firm approved by Furness Building Society. The estate agent recommended two local firms so I asked Furness Building Society if the 2 suggested solicitors are approved, which they are not. Furness Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Furness 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.
Ask Furness Building Society for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Furness 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 Furness Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Furness 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.
Furness Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Furness Building Society or your broker and complete any relevant paperwork. Furness Building Society will tell you what documents they want. Furness Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Furness Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.