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approved by Teachers BS
Ready to buy a new home? Failing to check that a lawyer is on the Teachers BS list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Teachers Building Society Conveyancing Panel? How can my firm be reinstated onto the Teachers Building Society Conveyancing Panel?Find an Approved Solicitor on the Teachers Building Society Conveyancing Panel
Frequently asked questions relating to the Teachers Building Society Solicitor Panel
My mortgage broker has asked me for my law firm’s panel member for the Teachers Building Society conveyancing panel. How do I find this out. I have e-mailed my local Teachers Building Society branch but they don't know it.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Teachers Building Society.
My lawyer has discovered an inconsistency between the surveyor’s assumptions in Teachers Building Society’s home valuation report and what is in the title deeds. My lawyer has advised that as he is on the Teachers Building Society conveyancing panel he needs to check that the lender is OK with this discrepancy and is content go ahead. Is my solicitor’s stance appropriate?
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) 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.
Is it necessary during the course of the conveyancing process to pop into the offices of the Teachers Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Manchester
so that I can pop in to their offices if required.
Most conveyancing panel lawyers for Teachers Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I am considering applying for a Teachers Building Society mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Teachers Building Society?
There is nothing to stop you using your solicitor but Teachers Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to proceed? I plan to obtain a mortgage with Teachers Building Society. Is it possible to avoid using solicitors to save us both money? 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 Teachers Building Society involved you will need to appoint a solicitor on the Teachers 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 Teachers Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Teachers Building Society conveyancing panel.
My brother and I have agreed a price on a flat I spoke to a conveyancer recommended by my uncle and he suggested retaining a law firm approved by Teachers Building Society. The estate agent recommended two local firms so I asked Teachers Building Society if the 2 suggested solicitors are approved, which they are not. Teachers Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Teachers Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Teachers Building Society for conveyancing panel firms in your area. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Teachers Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Teachers Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Teachers Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I had an offer accepted on a property on the 17th February 2014, valuation was booked 3 days after, all came back fine. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Teachers 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 Teachers Building Society conveyancing panel. Are Teachers Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Teachers Building Society to deal with your lawyers application to be on the Teachers Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.