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approved by Hanley Economic Building Society

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

Find an Approved Solicitor on the Hanley Economic Building Society Conveyancing Panel

Hanley Economic Building Society Conveyancing Panel : Questions and Answers

I have just been informed by my financial adviser that my solicitor is not on the Hanley Economic Building Society Solicitor panel. How can I check?
The best course of action for you to take is to contact your lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Hanley Economic Building Society solicitor panel.
Please assist. My lawyer is not to blame but, my purchase conveyancing has been going on for months. The Local Authority Search from Hanley Economic Building Society was issued random date and we have agreed a date for me to move into the property on 6 months + 3. My solicitor has advised that as she is on the Hanley Economic Building Society conveyancing panel she needs to redo the searches as they are now out of date.
One of the many conditions to being on the Hanley Economic Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hanley Economic Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Hanley Economic Building Society.
Are the lawyers identified as being on the Hanley Economic Building Society conveyancing panel, together with their details provided by Hanley Economic Building Society?
The law firm practices themselves provide us confirmation that they are on the Hanley Economic Building Society conveyancing panel as opposed to being supplied with a list from Hanley Economic Building Society directly.
I am thinking of remortgaging my house does my lawyer have to be on the Hanley Economic Building Society Solicitor panel?
There is nothing to stop you using your solicitor but Hanley Economic Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I previously instructed online conveyancers based in Birmingham who are on the Hanley Economic Building Society solicitor panel. They have just invoiced me a separate fee of £175 for dealing with the Hanley Economic Building Society mortgage. Is this a supplemental conveyancing fee specified by Hanley Economic Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Hanley Economic Building Society but by your lawyers. Some firms on the Hanley Economic Building Society will charge an ‘acting for lender’ fee and others do not.
I have instructed a lawyer having made sure that they are on the Hanley Economic Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've read lots of mortgage guides,I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my solicitor - who is on the Hanley Economic Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Hanley Economic Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Hanley Economic 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. or 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 Hanley Economic Building Society you could contact your them to see if they have a list of approved surveyors.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. 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 Hanley Economic 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 Hanley Economic 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 Hanley Economic Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.