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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.

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I need to swap lawyers as my lawyer is not on the Hanley Economic Building Society panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
I do hope you can help me. My conveyancer is assuring me that he is legally obliged to order a Local Authority search because the firm are on the Hanley Economic Building Society conveyancing panel. The searches cost a lot of money. Can this be avoided?
You have limited options available to you. 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.
I note that you have a post code search directory listing law firms on the Hanley Economic Building Society conveyancing panel. Do firms pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Hanley Economic Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am in the process of refinancing my home does my lawyer need to be on the Hanley Economic Building Society Solicitor panel?
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 transaction.
Are all solicitor firms on the Hanley Economic Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the Hanley Economic Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
My existing mortgage is with Hanley Economic Building Society. My grandfather has just retired and wants to pay off the mortgage left on the property. After Hanley Economic 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 Hanley Economic Building Society conveyancing panel? I do not intend to live at the property once the Hanley Economic Building Society mortgage is discharged.
You will need a solicitor but they need not be on the Hanley Economic 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.
Planning on purchasing a flat with a mortgage with Hanley Economic Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Hanley Economic Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Hanley Economic Building Society conveyancing panel