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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
Common questions asked concerning the Leek BS Conveyancing Panel
Am I correct in assuming that the fact that my solicitor is not isted on the Leek BS Solicitor panel that there is a problem with the standard of her conveyancing?
It would not be wise to jump to that conclusion. 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 top 3 reasons are as follows: (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.
I do hope you can help me. My solicitor is informing me me that he has to conduct a Local Authority search because the firm are on the Leek BS solicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Leek BS your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Leek BS’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Leek BS. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am looking to buy a property and need a conveyancing solicitor in Birmingham who is on the Leek BS conveyancing. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leek BS . We don’t recommend any particular firm.
Please explain the implications if my solicitor is removed from the Leek BS Solicitor panel before completion?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Are all solicitor practices on the Leek BS conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of 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).
Leek 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 BS or your broker and complete any relevant paperwork. Leek BS will tell you what documents they want. Leek 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 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.
Me and my partner are remortgaging a garden flat in Hendon. Conveyancing solicitors in Hendon are preferred to beinstructed. My fatheradvised that we double-check that the solicitor in Hendon is on the Leek BS list of approved conveyancing firms. Aren't all lawyers on the Leek BS panel?
A limited percentage of Hendon conveyancing firms are on the Leek BS conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing practitioner on the on the Leek BS approved list of lawyers.
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Transfer of Equity for Leek BSPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors