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approved by Leeds Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Leeds Building Society list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Leeds Building Society Conveyancing Panel? How can my firm be reinstated onto the Leeds Building Society Conveyancing Panel?Find an Approved Solicitor on the Leeds Building Society Conveyancing Panel
Q and A’s regarding the Leeds Building Society Solicitor Panel
My lawyer is not listed on the Leeds Building Society Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the Leeds Building Society list of approved lawyers?
The most common options here are as follows:
- Complete the purchase with your existing solicitors but Leeds Building Society will need to instruct a lawyer on the Leeds Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Leeds Building Society conveyancing panel.
- Urge your lawyer to apply to join the Leeds Building Society lender panel
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Leeds Building Society was dated random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My lawyer has advised that as she is on the Leeds Building Society conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
A precondition to being on the Leeds Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Leeds Building Society)which states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Leeds Building Society.
How do I find a local solicitor on the Leeds Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the solicitor.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Leeds Building Society solicitor panel.
We're in Birmingham, FTBs purchasing with a mortgage (lender is Leeds Building Society , but our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Leeds Building Society conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
We have had an offer accepted on a flat I spoke to a solicitor recommended by my brother and he suggested using a law firm approved by Leeds Building Society. The estate agent recommended two local firms so I asked Leeds Building Society if the 2 suggested solicitors are approved, which they are not. Leeds Building Society pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Leeds Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Leeds Building Society to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Leeds Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Leeds Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Leeds Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I recently had an offer accepted on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 200. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Leeds 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 Leeds 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.
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Transfer of Equity for Leeds Building SocietyPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors