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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.
Looking for information about your firm's panel status?Is my firm on the Scottish Building Society Conveyancing Panel? 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
Q and A’s regarding the Scottish Building Society Solicitor Panel
I appointed a firm of solicitors to conduct the legal paperwork on my remortgage six weeks ago having applied for a mortgage with Scottish Building Society. The firm confirmed to me that they are on Scottish Building Society conveyancing panel and gave me their panel number. Scottish Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Scottish 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 Scottish Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My lawyer is asking me for identification documents asserting that this forms part of his obligations as a conveyancer on the Scottish Building Society Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Scottish Building Society also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Scottish Building Society CML Handbook requirements last updated on Scottish Building Society
How up to date is your search tool for the Scottish Building Society conveyancing panel? Do Scottish Building Society send you an updated list?
The law firm practices themselves provide us confirmation that they are on the Scottish Building Society conveyancing panel as opposed to being supplied with a list from Scottish Building Society directly.
I am buying a semi-detached house and getting a mortgage with Scottish 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 Scottish 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 Scottish Building Society conveyancing panel in your location.
Are all Conveyancing Quality Solicitors on the Scottish Building Society conveyancing panel?
It is true that some banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation 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 remain on their approved list of conveyancing solicitors.
Planning on purchasing a flat with a mortgage with Scottish Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Scottish Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Scottish Building Society conveyancing panel
My brother and I are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon need to beretained. My friendsuggested that we check that the conveyancer in Hendon is on the Scottish Building Society solicitors panel. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Scottish Building Society conveyancing panel. 8 people a month use our search tool to locate a Hendon conveyancing firm on the on the Scottish Building Society list of approved conveyancing firms.