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approved by Holmesdale BS
Ready to buy a new home? Failing to check that a lawyer is on the Holmesdale BS list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Holmesdale Building Society Conveyancing Panel
Q and A’s regarding the Holmesdale Building Society Conveyancing Panel
I appointed a firm of solicitors to work on my house purchase 4 weeks ago having applied for a mortgage with Holmesdale Building Society. The firm confirmed to me that they are on Holmesdale Building Society conveyancing panel and advised me their panel number. Holmesdale Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm currently on the conveyancing panel for Holmesdale Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Holmesdale Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Holmesdale Building Society as to how long they think it will take to get the firm to get back on the panel.
I am purchasing a newly built flat and my conveyancer is informing me that she has to reveal incentives from the developer as her practice is on the Holmesdale Building Society conveyancing panel. I am on a tight deadline to exchange and I dont want to delay matters. Can I insist on an exchange regardless of what my lawyer says about being on the Holmesdale Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Holmesdale Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Holmesdale Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Holmesdale Building Society conveyancing panel. My lawyer has said that they are on the Holmesdale Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Holmesdale Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Holmesdale Building Society solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Holmesdale Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Holmesdale Building Society will insist on your using a conveyancer on the Holmesdale Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Holmesdale Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Holmesdale Building Society mortgage is registered as a charge at the Land Registry.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Holmesdale Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Holmesdale Building Society your lawyer must to check the Holmesdale Building Society conveyancing instructions contained in the Part of CML Handbook for Holmesdale Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Holmesdale Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
We expect to receive a DIP from Holmesdale Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Holmesdale Building Society recommend a solicitor on the Holmesdale Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Holmesdale Building Society conveyancing panel. The solicitor represents both you and the Holmesdale Building Society through the process.
I have instructed a lawyer having made sure that they are on the Holmesdale Building Society conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of house buying,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 Holmesdale Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Holmesdale Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Holmesdale 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 Holmesdale Building Society you could contact your them to see if they have a list of approved surveyors.