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approved by Loughborough Building Society
Ready to buy a new home? Failing to check that a lawyer is on the Loughborough Building Society list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Loughborough Building Society Conveyancing Panel
Loughborough Building Society Conveyancing Panel Example Support Desk Enquires
We are purchasing a 3 bedroom apartment in London with a mortgage from Loughborough Building Society. We have a solicitor but Loughborough Building Society says she’s not on their "panel". It seems we have little choice but to instruct one of the Loughborough Building Society panel firms or keep our solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Loughborough Building Society use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the Loughborough Building Society 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 Loughborough Building Society
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Loughborough Building Society will not agree to this. Why was Loughborough Building Society even consulted?
Your lawyer being on the Loughborough Building Society conveyancing panel is duty bound to inform Loughborough Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Loughborough Building Society then they would have to discontinue acting for you and Loughborough Building Society.
I need to find a Loughborough Building Society panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Loughborough Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Loughborough Building Society to find out which solicitors in Loughborough Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am buying a semi-detached house and getting a mortgage with Loughborough Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Loughborough Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Loughborough Building Society conveyancing panel in your location.
Can I be sure that the solicitor on the Loughborough Building Society panel is any good?
Getting recommendations is a good 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 suggest that you speak with the lawyer carrying out your transaction
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Loughborough Building Society conveyancing panel requirements are different to Loughborough Building Society’s conveyancing panel criteria.
I am selling my flat. I had a double glazing fitted in month 2010 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Loughborough Building Society are being problematic. The solicitor who is on the Loughborough Building Society conveyancing panel is saying indemnity insurance will be fine but Loughborough Building Society are requiring a building regulation certificate. Why do Loughborough Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Loughborough Building Society have referred the matter to their valuer. The reason why Loughborough Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.