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Ready to buy a new home? Failing to check that a lawyer is on the Scottish BS list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Scottish Building Society Conveyancing Panel

Q and A’s regarding the Scottish Building Society Solicitor Panel

My financial adviser has informed me that I have to pay Scottish Building Society fees should I instruct my family lawyer. How good are the Scottish Building Society conveyancing panel solicitors? I dont care which law firm I use provided that they are good and not exorbitantly priced. Would you recommend a specific law firm on the Scottish Building Society panel?
Scottish Building Society’s conveyancing panel is pretty large so it would be advisable to check with the firms you are getting quotes from that they are on the panel. You can search by postcode on the search tool on this site to find solicitors that Scottish Building Society will allow to act for them.
I am purchasing a newly constructed apartment and my lawyer is telling me that she has to disclose incentives from the developer as her practice is on the Scottish Building Society conveyancing panel. I am under pressure to exchange and my preference is not to delay matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Scottish Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Scottish 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.
I note that you have a search directory identifying law firms on the Scottish Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Scottish Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
Can you clarify what the consequences are if my solicitor is removed from the Scottish Building Society Solicitor panel before completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My husband and I are in the process of viewing apartments and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I will be getting a mortgage with Scottish Building Society
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Scottish Building Society , ask your prospective lawyers check they are on the Scottish Building Society conveyancing panel otherwise they can't do the mortgage legal work.
My existing mortgage is with Scottish Building Society. My uncle retired last week and wants to pay off the mortgage left on the property. After Scottish Building Society is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Scottish Building Society conveyancing panel? I do not intend to live at the property once the Scottish Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont need to be on the Scottish Building Society panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. As the property is your main residence you need not pay CGT but you should speak with your accountants in any event.
We are are acquiring a terraced house in Hendon. Conveyancing solicitors in Hendon need to beinstructed. My brokeradvised that we double-check that the conveyancing practitioner in Hendon is on the Scottish Building Society panel. Surely I don't need to do this, do I?
It is not that case that all Hendon conveyancing solicitors are on the Scottish Building Society conveyancing panel. Click here to find a Hendon conveyancing firm on the on the Scottish Building Society solicitors pane.