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approved by SuffolkBuildingSociety
Ready to buy a new home? Failing to check that a lawyer is on the SuffolkBuildingSociety list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Suffolk Building Society Conveyancing Panel? How can my firm be reinstated onto the Suffolk Building Society Conveyancing Panel?Find an Approved Solicitor on the Suffolk Building Society Conveyancing Panel
Suffolk Building Society Conveyancing Panel Recently Asked Questions
Is the fact that my solicitor is not on the Suffolk Building Society Conveyancing panel that there is a problem with the quality of her conveyancing?
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 Suffolk Building Society.
can you help? My lawyer is assuring me that he is legally obliged to order a Local Authority search stemming from the fact that the firm are on the Suffolk Building Society conveyancing panel. Is my lawyer correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Suffolk Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Suffolk Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Suffolk Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Are there any apps to help find a local solicitor on the Suffolk Building Society conveyancing panel? I have a car and am prepared to travel up to 20 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Suffolk Building Society solicitor panel.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Suffolk Building Society Conveyancing panel in advance of the moving date as agreed at exchange of contracts?
First, 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.
I have today made my last payment due on mortgage with Suffolk Building Society. I assume I don't need a solicitor on the Suffolk Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Suffolk Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Suffolk Building Society mortgage from the register. Suffolk Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Suffolk Building Society has sent the Land Registry the discharge electronically, and
the Suffolk Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Suffolk Building Society mortgage has been paid off.
I have a mortgage with Suffolk Building Society. My godfather retired last week and wants to pay off the mortgage left on the property. After Suffolk 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 Suffolk Building Society conveyancing panel? I do not intend to live at the property once the Suffolk Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Suffolk 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.
I was told two weeks ago that my mortgage has been agreed
to by Suffolk Building Society. Is it usual for Suffolk Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Suffolk Building Society to deal with your lawyers application to be on the Suffolk Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.