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approved by Leek BS
Ready to buy a new home? Failing to check that a lawyer is on the Leek BS list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Leek Building Society Conveyancing Panel
Leek BS Conveyancing Panel Recently Asked Questions
Am I correct in assuming that the fact that my solicitor is not on the Leek BS Solicitor panel that there is a problem with the standard of her conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Leek BS.
My wife and I changing mortgage lender for our penthouse with Leek BS. We have a son 18 who lives with us. The solicitor on the Leek BS conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have a couple of concerns (1) Is this document specific to the Leek BS conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong 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 BS .This is solely used to protect the Leek 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 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 require the services of a Leek BS panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a Leek BS panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Leek BS to find out which solicitors in Leek BS are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am considering applying for a Leek BS mortgage for purchase of a newly converted (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Leek BS?
There is nothing to stop you using your solicitor but Leek BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
is it true that all solicitors on the Leek BS conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leek BS conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Leek BS. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Leek BS involved you will need to appoint a solicitor on the Leek BS conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Leek BS. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Leek BS conveyancing panel.
I have a mortgage with Leek BS. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leek BS?
Your original mortgage agreement with Leek BS will provide that you need their approval prior to letting out your property as this is likely to be a breach of Leek BS’s mortgage conditions. In many cases banks or building societies 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 BS directly. You need not do this via a Leek BS conveyancing panel firm.