Find an Approved Solicitor on the Teachers Building Society
FAQs for the Teachers Building Society Conveyancing Panel
I need to swap lawyers as my lawyer is not on the Teachers Building Society panel of conveyancing solicitors. How easy is it to change conveyancer?
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.
I am purchasing a brand new duplex and my solicitor is telling me that she has to reveal incentives from the builder as her firm is on the Teachers Building Society conveyancing panel. I am under pressure to exchange contracts and I dont want to prolong matters. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Teachers Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Teachers 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.
I require the services of a Teachers Building Society panel solicitor in Stirling. Could you help me?
Unfortunately it’s not apparent why you need a Teachers Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Teachers Building Society to find out which solicitors in Teachers Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
Can you clarify what the consequences are if my solicitor is removed from the Teachers Building Society Solicitor panel in advance of the completion date?
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 at a cost.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Teachers Building Society conveyancing panel?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
We are getting a further advance on our mortgage from Teachers Building Society as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Teachers Building Society conveyancing panel to deal with the legals?
Teachers Building Society would not normally appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Teachers Building Society list
I have today made my last payment due on mortgage with Teachers Building Society. I assume I don't need a solicitor on the Teachers Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Teachers 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 Teachers Building Society mortgage from the register. Teachers 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 Teachers Building Society has sent the Land Registry the discharge electronically, and
the Teachers Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Teachers Building Society mortgage has been paid off.
Transfer of Equity for Teachers Building Society
Please note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors