Find an Approved Solicitor on the West Bromwich Mortgage Company
FAQs for the West Bromwich Mortgage Company Conveyancing Panel
My husband and I are novices when it comes to buying a property. Within the 48 hours our lawyer has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. West Bromwich Mortgage Company have this evening contacted us to inform me that they have now hit a problem as our lawyer is not on their conveyancing panel. Is this a problem?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme.
Your solicitors should contact West Bromwich Mortgage Company and see if they can apply for membership of the West Bromwich Mortgage Company conveyancing panel, but if that is not viable West Bromwich Mortgage Company will instruct their own solicitors to act. You don't have to instruct a firm on the West Bromwich Mortgage Company conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from West Bromwich Mortgage Company was date stamped random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer has advised that as she is on the West Bromwich Mortgage Company conveyancing panel she needs to reorder the searches as they are no longer valid.
One of the many conditions to being on the West Bromwich Mortgage Company approved panel is to comply with the CML Handbook requirements (last updated for this lender on West Bromwich Mortgage Company)which states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to West Bromwich Mortgage Company.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the West Bromwich Mortgage Company conveyancing panel. My lawyer has said that they are on the West Bromwich Mortgage Company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the West Bromwich Mortgage Company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the West Bromwich Mortgage Company solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the West Bromwich Mortgage Company conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the West Bromwich Mortgage Company conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it the case that all solicitor practices on the West Bromwich Mortgage Company conveyancing panel regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the West Bromwich Mortgage Company 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).
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the West Bromwich Mortgage Company conveyancing panel requirements are different to West Bromwich Mortgage Company’s conveyancing panel requirements.
The for formalities of my purchase has taken place with a mortgage from West Bromwich Mortgage Company. Conveyancing was satisfactory but I feel I should register my dissatisfaction about West Bromwich Mortgage Company. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the West Bromwich Mortgage Company branches or the Customer Care Team at West Bromwich Mortgage Company head office. In most cases complaints to West Bromwich Mortgage Company are resolved effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.