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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.
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How does my firm apply to be on the Leek Building Society Conveyancing Panel? How can my firm be reinstated onto the Leek Building Society Conveyancing Panel?Find an Approved Solicitor on the Leek Building Society Conveyancing Panel
Examples of recent questions relating to the Leek BS Conveyancing Panel
My husband and I are buying a 3 bedroom apartment in Newcastle with a mortgage from Leek BS. We like our solicitor but Leek BS says he's not on their "panel". It seems we have little choice but to instruct one of the Leek BS panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Leek BS 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 Leek BS
Our conveyancer is asking me for ID documents saying that this is part of his legal duty as a conveyancer on the Leek BS Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Leek BS your lawyer also has to check ID documents to satisfy Leek BS
I am searching for competitive conveyancing fees. Can I be assured that all the practices that are listed on your site are on the Leek BS conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the Leek BS panel and agreed to advise us to take down their listing in the event of removal off of the Leek BS panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Leek BS conveyancing panel is incorrect.
I was supposed to move into my flat last Friday. My solicitor is on the Leek BS solicitors panel but has moved offices 8 weeks ago and had not advised Leek BS of their new address. Leek BS has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. 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 Leek BS branch or your mortgage broker to see if they can help.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Leek BS conveyancing panel?
It is true that some banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership 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 approved list of firms.
I have a mortgage with Leek BS. My uncle has just retired and wants to pay off the mortgage left on the property. After Leek BS is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Leek BS conveyancing panel? I do not intend to live at the property once the Leek BS mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Leek BS 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 have instructed a lawyer having checked that they are on the Leek BS conveyancing panel. Does my lawyer arrange the survey of the property?
Or
I've digested plenty of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Leek BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Leek BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leek BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey.
You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
or
Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Leek BS you could contact your them to see if they have a list of approved surveyors.
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