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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.

Find an Approved Solicitor on the Suffolk Building Society Conveyancing Panel

Frequently asked questions relating to the Suffolk Building Society Conveyancing Panel

Am I correct in assuming that the fact that my solicitor is not identified on the Suffolk Building Society Solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. 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 most common reasons for removal are: (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.
My solicitor has identified an inconsistency between the assumptions in Suffolk Building Society’s valuation survey and what is revealed within the title deeds. My lawyer informs me that as he is on the Suffolk Building Society conveyancing panel he is duty bound to ensure that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s stance right?
A precondition to being on the Suffolk Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Suffolk Building Society) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Whilst your website is a good idea there are many lawyers listed near Middlesbrough on the Suffolk Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Suffolk Building Society ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am considering remortgaging my flat does my lawyer need to be on the Suffolk Building Society Solicitor panel?
There is nothing to stop you using your solicitor but Suffolk Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Intending to buy a house with a mortgage with Suffolk 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 Suffolk 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 Suffolk Building Society conveyancing panel
I had an offer accepted on an apartment on the 20th January 2014, valuation was booked five days later, all came back fine. Solicitor instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Suffolk Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Suffolk Building Society conveyancing panel. Are Suffolk Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage 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.
My ex -wife’s name is on the Suffolk Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Suffolk Building Society mortgage in order to sell?
In terms of the Suffolk Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Suffolk Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.