Find an Approved Solicitor on the Leek United Building Society
Leek United BS Conveyancing Panel : Questions and Answers
What is the rationale as to why all property lawyers are not on the Leek United BS Solicitor panel?
Even though it may seem unfair for Leek United BS to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Leek United BS are limiting their panel of approved conveyancing lawyers to a size that they are happy to control. The Leek United BS lawyer panel is not the most exclusive of all lenders
My wife and I intend to remortgage our maisonette with Leek United BS. We have a son approaching twenty who lives with us. The solicitor on the Leek United BS conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have two concerns (1) Is this document specific to the Leek United BS conveyancing panel as he did not need to sign this form when we purchased 5 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 Leek United BS 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 Leek United BS .This is solely used to protect the Leek United BS 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 Leek United BS 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.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Leek United BS conveyancing panel. My lawyer has said that they are on the Leek United BS 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 Leek United BS 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 Leek United BS solicitor panel.
My grandmother passed away last year and as sole heir and executor was left the house. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Leek United BS , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Leek United BS will insist on your using a conveyancer on the Leek United BS 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 Leek United BS 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 Leek United BS mortgage is registered as a charge at the Land Registry.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Leek United BS on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Leek United BS 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
Your lawyer has to follow the CML Handbook Part 2 requirements for Leek United BS. Unless your lawyer obtains specific confirmation in writing that Leek United BS 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 Leek United BS to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Intending to buy a house with a mortgage with Leek United BS. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leek United BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Leek United BS conveyancing panel
Leek United BS 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 Leek United BS or your broker and complete any relevant paperwork. Leek United BS will tell you what documents they want. Leek United BS 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. Leek United BS 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.