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Ready to buy a new home? Failing to check that a lawyer is on the 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 Leek United Building Society Conveyancing Panel? How can my firm be reinstated onto the Leek United Building Society Conveyancing Panel?
Find an Approved Solicitor on the Leek United Building Society Conveyancing Panel
Leek United BS Conveyancing Panel Example Support Desk Enquires
I appointed a solicitor to conveyancing on my purchase 4 weeks ago having applied for a mortgage with Leek United BS. The law firm confirmed to me that they are on Leek United BS conveyancing panel and provided me their panel reference. Leek United BS then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the conveyancing panel for Leek United BS?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Leek United BS as to the time frame to get your lawyer reinstated on the panel once again.
I am purchasing a newly built duplex and my conveyancer is informing me that she is duty bound to disclose incentives from the seller as her practice is on the Leek United BS conveyancing panel. I am on a tight deadline to exchange and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Leek United BS approved panel is to comply with the CML Handbook requirements (last updated for this lender on Leek United BS). 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 note that you have a post code search directory identifying law firms on the Leek United BS conveyancing panel. Do firms pay you a commission if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Leek United BS conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
My solicitors in Manchester have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Leek United BS. Is it case that being on the Leek United BS conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Leek United BS Conveyancing Panel Terms. It might be worth you contacting Leek United BS directly.
Is it the case that all conveyancing lawyers on the Leek United BS conveyancing panel work on a no move no charge basis?
In the main 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 service
I am currently in the process of buying my council flat. I have a mortgage offer with Leek United BS. Conveyancing is new to me. 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 Leek United BS you will need to appoint a solicitor on the Leek United BS conveyancing panel.
I currently have a mortgage with with Leek United BS. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leek United BS?
You must advise Leek United BS before letting out your property as this is likely to be a breach of Leek United BS’s mortgage conditions. It may be that Leek United BS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leek United BS directly. You need not do this via a Leek United BS conveyancing panel lawyer.