Find a Law Firm
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.
Looking for information about your firm's panel status?
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 Sample Enquires to our Call Center
I am obtaining a mortgage offer from Furness Building Society. I would like to employ the services of a Licensed Conveyancer. Does the Furness Building Society Solicitor panel exclude Licensed Conveyancers
Furness Building Society’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My conveyancing solicitor is asking me for ID documents asserting that this forms part of his retainer as a solicitor on the Furness Building Society Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Furness Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Furness Building Society CML Handbook requirements last updated on Furness Building Society
Do I need to visit the offices of the Furness Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Manchester
so that I can pop in to their offices if necessary.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Manchester
.
I was due to move into my flat two days ago. My solicitor is on the Furness Building Society conveyancing panel but has moved offices in the past couple of months and had not advised Furness Building Society of their new address. Furness Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Furness Building Society branch or your mortgage broker to see if they can help.
I have paid off my mortgage with Furness Building Society. I assume I don't need a solicitor on the Furness Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Furness Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Furness Building Society mortgage from the register. Furness Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Furness Building Society has sent the Land Registry the discharge electronically, and
the Furness Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Furness Building Society mortgage has been paid off.
I have a mortgage with Furness Building Society. My uncle retired last week and wants to pay off the mortgage left on the property. After Furness Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Furness Building Society conveyancing panel? I do not intend to live at the property once the Furness Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Furness Building Society conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
After much negotiation I have agreed a price on an apartment. My mortgage broker suggested a solicitor I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Furness Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Furness Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.