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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
Examples of recent questions relating to the Furness Building Society Solicitor Panel
Is there a reason why all UK lawyers are not on the Furness Building Society Conveyancing panel?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year. The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Furness Building Society will not agree to this. Why was Furness Building Society even consulted?
Your lawyer being on the Furness Building Society conveyancing panel is duty bound to inform Furness Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Furness Building Society then they would have to discontinue acting for you and Furness Building Society.
I require the services of a Furness Building Society panel solicitor in Stirling. Could you help me?
It is not clear why you need a Furness Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Furness Building Society to find out which solicitors in Furness Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
We're in Liverpool, First timers purchasing with a mortgage (lender is Furness Building Society , but our lawyer is on the Furness Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Furness Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
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 am selling my apartment. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Furness Building Society are being problematic. 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 requiring 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.
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Furness Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Furness Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Furness Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.