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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
Furness Building Society Conveyancing Panel Recently Asked Questions
I instructed a firm of solicitors to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with Furness Building Society. The firm assured me that they are on Furness Building Society conveyancing panel and gave me their panel reference. Furness Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the conveyancing panel for Furness Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Furness Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Furness Building Society as to the time frame to get your lawyer reinstated on the panel once again.
I am purchasing a newly constructed apartment and my conveyancer is advising me that she is duty bound to disclose incentives from the builder as her practice is on the Furness Building Society conveyancing panel. I am on a tight deadline to exchange and I would rather not delay deal. is my lawyer taking the correct approach?
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 note that you have a search directory identifying firms on the Furness Building Society conveyancing panel. Do firms pay you a commission if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Furness Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I would like to get my ex-wife removed the mortgage deeds. Can Furness Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Furness Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Furness Building Society solicitors panel
We have agreed a price on a apartment I spoke to a conveyancer recommended by my dad and he advised using a solicitor 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 practice 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.
Enquire of 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.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Furness Building Society are being pedantic. The solicitor who is on the Furness Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Furness Building Society are insisting on a building regulation certificate. Why do Furness Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Furness Building Society have referred the matter to their valuer. The reason why Furness Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
After shopping around on the internet I have found a solicitor having checked that they are on the Furness Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
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I've read lots of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Furness Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Furness Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Furness Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
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Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Furness Building Society you could contact your them to see if they have a list of approved surveyors.