Find an Approved Solicitor on the Loughborough Building Society
Examples of recent questions relating to the Loughborough Building Society Conveyancing Panel
I am getting a offer of a mortgage from Loughborough Building Society. I hope to enlist the help of a Licensed Conveyancer. Does the Loughborough Building Society Solicitor panel allow for conveyancers regulated by the CLC
Loughborough Building Society’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am buying a newly built flat and my conveyancer is telling me that she has to reveal incentives from the builder as her firm is on the Loughborough Building Society conveyancing panel. I am nearing the developer’s deadline to sign contracts and my preference is not to delay matters. Can I insist on an exchange regardless of what my lawyer says about being on the Loughborough Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Loughborough Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Loughborough Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Loughborough Building Society conveyancing panel?
The law firm practices themselves provide us confirmation that they are on the Loughborough Building Society conveyancing panel as opposed to being supplied with a list from Loughborough Building Society directly.
I am remortgaging my house does my lawyer have to be on the Loughborough Building Society Solicitor panel?
There is nothing to stop you using your solicitor but Loughborough Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is it the case that all conveyancing solicitors on the Loughborough Building Society conveyancing panel work on a no move no charge basis?
On the whole 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 package
Can I be sure that the solicitor on the Loughborough Building Society panel is any good?
Getting recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing
My brother and I are purchasing a garden flat in Hendon. Conveyancing solicitors in Hendon need to beretained. My brokersuggested that we enquire that the solicitor in Hendon is on the Loughborough Building Society approved list of lawyers. Aren't all lawyers on the Loughborough Building Society panel?
Far from all Hendon conveyancing practices are on the Loughborough Building Society conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing lawyer
on the on the Loughborough Building Society list of approved conveyancing firms.
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