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approved by Scottish BS
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.
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How does my firm apply to be on the Scottish Building Society Conveyancing Panel? How can my firm be reinstated onto the Scottish Building Society Conveyancing Panel?Find an Approved Solicitor on the Scottish Building Society Conveyancing Panel
FAQs for the Scottish Building Society Solicitor Panel
I need to swap lawyers as my lawyer is not on the Scottish Building Society panel of conveyancing solicitors. Is it advisable to appoint a new law firm?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
Please assist. For no fault of my lawyer but, my purchase conveyancing has been going on for months. The Local Authority Search from Scottish Building Society was issued random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor informs me that as she is on the Scottish Building Society conveyancing panel she needs to redo the searches as they are now out of date.
A precondition to being on the Scottish Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Scottish Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Scottish Building Society.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Scottish Building Society conveyancing panel. My lawyer has said that they are on the Scottish 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 Scottish 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 Scottish Building Society solicitor panel.
I am selling my house. Does my solicitor have to be on the Scottish Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Scottish 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.
Are all Conveyancing Quality Solicitors on the Scottish Building Society conveyancing panel?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Scottish Building Society be concerned
As you are obtaining a mortgage with Scottish Building Society your lawyer must to check the Scottish Building Society conveyancing instructions contained in the Part of CML Handbook for Scottish Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Scottish Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We were going to get a DIP from Scottish Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Scottish Building Society recommend a solicitor on the Scottish Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Scottish Building Society conveyancing panel. The solicitor represents both you and the Scottish Building Society through the process.