Find an Approved Solicitor on the Holmesdale Building Society
Holmesdale Building Society Solicitor Panel Recently Asked Questions
I am getting a offer of a mortgage from Holmesdale Building Society. I hope to retain the legal services of a Licensed Conveyancer. Does the Holmesdale Building Society Conveyancing panel exclude conveyancers regulated by the CLC
Holmesdale Building Society’s approved solicitor list is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My husband and I intend to remortgage our apartment with Holmesdale Building Society. We have a son 18 who lives with us. The solicitor on the Holmesdale Building Society conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is repossessed. I have two questions (1) Is this document specific to the Holmesdale Building Society conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Holmesdale Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Holmesdale Building Society .This is solely used to protect the Holmesdale Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Holmesdale Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Whilst your website is a good idea there are many lawyers listed near London on the Holmesdale Building Society conveyancing panel. Can you recommend a specific firm on the Holmesdale Building Society approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
The solicitors that I appointed last week on my purchase in London has without warning shut down. I only went with them because I needed a lawyer on the Holmesdale Building Society conveyancing panel and my family lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Holmesdale Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
We are getting a further advance on our mortgage from Holmesdale Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Holmesdale Building Society conveyancing panel to deal with the legals?
Holmesdale Building Society would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Holmesdale Building Society list
Two weeks ago we had a mortgage agreed in principle with Holmesdale Building Society. Solicitors have been appointed? How long does it take for Holmesdale Building Society to send the offer to our conveyancer
Some lenders take longer than others. Have Holmesdale Building Society conducted the valuation? Have you advised Holmesdale Building Society as your lawyers details and checked that your lawyer is on the Holmesdale Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
My ex -wife’s name is on the Holmesdale Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Holmesdale Building Society mortgage in order to sell?
In terms of the Holmesdale Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Holmesdale Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.