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

Find an Approved Solicitor on the Stafford Railway Building Society Conveyancing Panel

Stafford Railway Building Society Conveyancing Panel : Questions and Answers

I appointed a firm of solicitors to work on my purchase 5 weeks ago having applied for a mortgage with Stafford Railway Building Society. The solicitors confirmed to me that they are on Stafford Railway Building Society conveyancing panel and provided me their panel number. Stafford Railway Building Society then called me to say 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 Stafford Railway Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Stafford Railway Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Stafford Railway Building Society as to how long they think it will take to get the firm to get back on the panel.
I am buying a new build apartment and my solicitor is telling me that she has to reveal incentives from the developer as her firm is on the Stafford Railway Building Society conveyancing panel. I am on a tight deadline to sign contracts and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Stafford Railway Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Stafford Railway 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.
Do I need to visit the offices of the Stafford Railway Building Society conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bristol so that I can pop in to their offices if required.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol .
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Stafford Railway Building Society , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Stafford Railway Building Society will insist on your using a conveyancer on the Stafford Railway Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Stafford Railway Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Stafford Railway Building Society mortgage is registered as a charge at the Land Registry.
How can we tell if a solicitor on the Stafford Railway Building Society panel is any good?
obtaining recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your transaction
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Stafford Railway Building Society. Is there anyway to cut out the solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Stafford Railway Building Society involved you will need to appoint a solicitor on the Stafford Railway Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Stafford Railway Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Stafford Railway Building Society conveyancing panel.
I am selling my apartment. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Stafford Railway Building Society are being pedantic. The solicitor who is on the Stafford Railway Building Society conveyancing panel is recommending indemnity insurance as a solution but Stafford Railway Building Society are requiring a building regulation certificate. Why do Stafford Railway Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Stafford Railway Building Society have referred the matter to their valuer. The reason why Stafford Railway 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.