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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.
Looking for information about your firm's panel status?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
Frequently asked questions relating to the Leeds Building Society Solicitor Panel
My fiance and I are hoping to buy a 2 bedroom apartment in London with a mortgage from Leeds Building Society. We would like to retain our solicitor but Leeds Building Society says he's not on their "panel". We have to appoint one of the Leeds Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Leeds Building Society use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Leeds Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Leeds Building Society
I am purchasing a newly constructed duplex and my solicitor is informing me that she has to disclose incentives from the seller as her practice is on the Leeds Building Society conveyancing panel. I am on a tight deadline to exchange contracts and my preference is not to delay the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Leeds Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Leeds Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Leeds 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.
How do I search for a local solicitor on the Leeds Building Society conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this page. 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.
I was scheduled to move into my flat yesterday. My solicitor is on the Leeds Building Society solicitors panel but has changed address in the past couple of months and had not informed Leeds Building Society of their new address. Leeds Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
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 Leeds Building Society branch or your mortgage broker to see if they can assist.
My existing mortgage is with Leeds Building Society. My grandfather retired last week and wants to pay off my mortgage. After Leeds 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 Leeds Building Society conveyancing panel? I do not intend to live at the property once the Leeds Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Leeds Building Society 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.
I am currently in the process of buying my council flat. I have a mortgage agreed with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Leeds Building Society you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Leeds Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Leeds Building Society or your broker and complete any relevant paperwork. Leeds Building Society will tell you what documents they want. Leeds Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Leeds Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.