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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.
Looking for information about your firm's panel status?
How does my firm apply to be on the Holmesdale Building Society Conveyancing Panel? How can my firm be reinstated onto the Holmesdale Building Society Conveyancing Panel?Find an Approved Solicitor on the Holmesdale Building Society Conveyancing Panel
Examples of recent questions relating to the Holmesdale Building Society Conveyancing Panel
On what basis could a firm of solicitors be removed from the Holmesdale Building Society approved conveyancing panel?
A survey recently commissioned by the Solicitors Regulatory Authority found that three quarters of law firms had been removed from a lender panel. The top reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Holmesdale Building Society
Our son is purchasing a newly built flat with a home loan from Holmesdale Building Society. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Holmesdale Building Society conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Holmesdale Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do I need to attend the offices of the Holmesdale Building Society conveyancing panel solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Newcastle
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for Holmesdale Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I was supposed to move into my flat last Friday. My solicitor is on the Holmesdale Building Society conveyancing panel but has changed address 8 weeks ago and had not advised Holmesdale Building Society of their new address. Holmesdale Building Society is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Holmesdale Building Society branch or your mortgage broker to see if they can assist.
Do conveyancing solicitors on the Holmesdale Building Society conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
It is not clear whether my mortgage offer requires a lease extension . I have called into my local branch Holmesdale Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Holmesdale Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Holmesdale Building Society panel she or he must comply with the CML Handbook requirements for Holmesdale Building Society. Unless your lawyer obtains specific confirmation in writing that Holmesdale Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Holmesdale Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
After much negotiation I have agreed a price on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Holmesdale Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Holmesdale Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.