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approved by Penrith BS
Ready to buy a new home? Failing to check that a lawyer is on the Penrith BS list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?How does my firm apply to be on the Penrith Building Society Conveyancing Panel? How can my firm be reinstated onto the Penrith Building Society Conveyancing Panel?
Find an Approved Solicitor on the Penrith Building Society Conveyancing Panel
Q and A’s regarding the Penrith Building Society Solicitor Panel
A conveyancer I had intended to instruct on a remortgage said he would charge more if my lender is due to their unusual legal requirements. Will I regret using Penrith Building Society? Any comments will be appreciated
Penrith Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Penrith Building Society conveyancing panel. If they are not, this does add further risk of delay as Penrith Building Society will appoint their own solicitors to look after their interest.
I am purchasing a newly constructed apartment and my conveyancer is telling me that she has to reveal incentives from the seller as her practice is on the Penrith Building Society conveyancing panel. I am on a tight deadline to sign contracts and I would rather not delay deal. Can I insist on an exchange regardless of what my lawyer says about being on the Penrith Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Penrith Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Penrith 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Penrith Building Society conveyancing panel. My lawyer has said that they are on the Penrith Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Penrith Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Penrith Building Society solicitor panel.
I am purchasing a new build flat and getting a mortgage with Penrith Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Penrith 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 Penrith Building Society conveyancing panel in your location.
My wife and I have arranged a further advance on our mortgage from Penrith Building Society as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Penrith Building Society conveyancing panel to deal with the paperwork?
Penrith Building Society do not ordinarily appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Penrith Building Society panel
Last month we had a mortgage agreed in principle with Penrith Building Society. Solicitors have been instructed? What is the average time that one could expect to receive a mortgage offer from Penrith Building Society?
There is no definitive answer here. Have Penrith Building Society conducted the valuation? Have you advised Penrith Building Society as your lawyers details and checked that your lawyer is on the Penrith Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
After much negotiation I have agreed a price on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 150. Soon after the conveyancers contacted me to say that they were not on the Penrith Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Penrith Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.