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approved by West Bromwich BS
Ready to buy a new home? Failing to check that a lawyer is on the West Bromwich BS 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 West Bromwich Building Society Conveyancing Panel? How can my firm be reinstated onto the West Bromwich Building Society Conveyancing Panel?
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We are purchasing a 2 bedroom flat in Hackney with a mortgage from West Bromwich Building Society. We like our solicitor but West Bromwich Building Society says she’s not on their "panel". It seems we have little choice but to instruct one of the West Bromwich Building Society panel solicitors or keep our solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that West Bromwich Building Society use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the West Bromwich Building Society conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for West Bromwich Building Society
My solicitor has uncovered a difference when comparing the assumptions in West Bromwich Building Society’s valuation survey and what is in the legal papers for the property. My lawyer informs me that as he is on the West Bromwich Building Society conveyancing panel he must check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach legitimate?
A precondition to being on the West Bromwich Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich 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 you.
I am planning to acquire a house and need a conveyancing solicitor in who is on the West Bromwich Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for West Bromwich Building Society . We don’t recommend any particular firm.
We're in Wales, FTBs purchasing with a mortgage (lender is West Bromwich Building Society , but our lawyer is on the West Bromwich Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the West Bromwich Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
When it comes to lenders such as West Bromwich Building Society do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Are all solicitor firms on the West Bromwich Building Society conveyancing panel overseen by the SRA?
As a firm of solicitors, in order to be on the West Bromwich Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
West Bromwich Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up West Bromwich Building Society or your broker and complete any relevant paperwork. West Bromwich Building Society will tell you what documents they want. West Bromwich Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. West Bromwich Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.