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approved by Saffron BS
Ready to buy a new home? Failing to check that a lawyer is on the Saffron BS 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 Saffron Building Society Conveyancing Panel? How can my firm be reinstated onto the Saffron Building Society Conveyancing Panel?Find an Approved Solicitor on the Saffron Building Society Conveyancing Panel
Saffron Building Society Conveyancing Panel Example Support Desk Enquires
I appointed a law firm to conveyancing on my remortgage three weeks ago having applied for a mortgage with Saffron Building Society. The solicitors assured me that they are on Saffron Building Society conveyancing panel and gave me their panel number. Saffron Building Society then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Saffron Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Saffron Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Expecting to complete my purchase next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Saffron Building Society. What risks do Saffron Building Society expect the insurance to cover?
Any lawyer on the Saffron Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Saffron Building Society’s Part 2 requirements of the CML Handbook (last updated on Saffron Building Society). Being on the Saffron Building Society conveyancing panel your lawyer is expect to follow these requirements.
I need to find a Saffron Building Society panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a Saffron 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 Saffron Building Society to find out which solicitors in Saffron 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
My house is up for sale and I have a buyer. Does my solicitor have to be on the Saffron Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Saffron Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I currently have a mortgage with with Saffron Building Society. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Saffron Building Society?
You must advise Saffron Building Society in advance of letting out your property as this is likely to be a breach of Saffron Building Society’s mortgage conditions. It may be that Saffron Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Saffron Building Society directly. It should not be necessary to do this via a Saffron Building Society conveyancing panel solicitor.
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 purchaser’s mortgage company, Saffron Building Society are being difficult. The solicitor who is on the Saffron Building Society conveyancing panel is recommending indemnity insurance as a solution but Saffron Building Society are requiring a building regulation certificate. Why do Saffron Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Saffron Building Society have referred the matter to their valuer. The reason why Saffron 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.
I was told two weeks ago that my mortgage has been agreed
to by Saffron Building Society. Is it usual for Saffron Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Saffron Building Society to deal with your lawyers application to be on the Saffron Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.