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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.
Find an Approved Solicitor on the Saffron Building Society Conveyancing Panel
Examples of recent questions relating to the Saffron Building Society Solicitor Panel
Is the fact that my solicitor is not isted on the Saffron Building Society Conveyancing panel that there is a problem with the standard of the firm’s work?
That would more than likely be a wrong assumption to make. 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 Saffron 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 Saffron Building Society will not agree to this. Why was Saffron Building Society even consulted?
Your lawyer being on the Saffron Building Society conveyancing panel is duty bound to inform Saffron Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Saffron Building Society then they would have to discontinue acting for you and Saffron Building Society.
I need to find a Saffron Building Society panel solicitor in Inverness. Can you assist?
It is not clear 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
I was due to complete on my dream home yesterday. My solicitor is on the Saffron Building Society solicitors panel but has moved offices 8 weeks ago and had not informed Saffron Building Society of their new address. Saffron Building Society is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Saffron Building Society branch or your mortgage broker to see if they can help.
I had instructed online conveyancers located in Manchester who are on the Saffron Building Society solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Saffron Building Society mortgage. Is this a supplemental conveyancing fee specified by Saffron Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Saffron Building Society but by your lawyers. Some firms on the Saffron Building Society will charge an ‘acting for lender’ fee and others do not.
I am currently in the process of buying my council flat. I have a mortgage offer with Saffron Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Saffron Building Society you will need to appoint a solicitor on the Saffron Building Society conveyancing panel.
I have a mortgage with Saffron Building Society. Conveyancing has been completed months ago. If I am intending 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?
Saffron Building Society must be informed of your intention in advance of renting your property as this is likely to be a breach of Saffron Building Society’s mortgage conditions. In many cases banks or building societies 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 lawyer.