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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 Solicitor Panel Example Support Desk Enquires

My fiance and I are hoping to buy a 2 bedroom apartment in Leeds with a mortgage from Hanley Economic Building Society. We would like to retain our solicitor but Hanley Economic Building Society says he's not on their "panel". It seems we have little choice but to instruct one of the Hanley Economic Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Hanley Economic Building Society use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Hanley Economic Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Hanley Economic Building Society
can you help? My solicitor is advising me that she is duty-bound to conduct a Local Authority search stemming from the fact that the firm are on the Hanley Economic Building Society conveyancing panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Hanley Economic Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Hanley Economic Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Hanley Economic Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
How up to date is your search tool for the Hanley Economic Building Society conveyancing panel? Do Hanley Economic Building Society send you an updated list?
The firms 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 considering applying for a Hanley Economic Building Society mortgage for purchase of a newly converted (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Hanley Economic Building Society?
In theory, you could use a solicitor that is not on Hanley Economic Building Society conveyancing panel, but Hanley Economic Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
When it comes to lenders such as Hanley Economic Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I was told two weeks ago that my mortgage has been agreed to by Hanley Economic Building Society. Is it usual for Hanley Economic Building Society to only issue the offer once my solicitor is approved on their conveyancing panel?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Hanley Economic Building Society to deal with your lawyers application to be on the Hanley Economic Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
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 do I do now? 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.