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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.
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How does my firm apply to be on the Furness Building Society Conveyancing Panel? How can my firm be reinstated onto the Furness Building Society Conveyancing Panel?Find an Approved Solicitor on the Furness Building Society Conveyancing Panel
Frequently asked questions relating to the Furness Building Society Solicitor Panel
Is the fact that my solicitor is not identified on the Furness Building Society Conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
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 Furness Building Society.
I am purchasing a new build flat and my solicitor is informing me that she is duty bound to disclose incentives from the developer as her practice is on the Furness Building Society conveyancing panel. I am on a tight deadline to exchange and I dont want to delay deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
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.
My grandfather passed away 10 months ago and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Furness Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Furness Building Society will insist on your using a conveyancer on the Furness Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Furness Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Furness Building Society mortgage is registered as a charge at the Land Registry.
Is it the case that all solicitors on the Furness Building Society conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Furness Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
We were going to get a DIP from Furness Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Furness Building Society recommend a solicitor on the Furness Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Furness Building Society conveyancing panel. The solicitor represents both you and the Furness Building Society through the process.
Sometime soon me and my wife are purchasing a penthouse in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My friendadvised that we make sure that the conveyancing practitioner in Hendon is on the Furness Building Society list of approved conveyancing firms. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing practices are on the Furness Building Society conveyancing panel. Click here to search for a Hendon conveyancing firm on the on the Furness Building Society approved list of lawyers.