Barclays - Woolwich Conveyancing Panel Sample Enquires to our Call Center from members of the public
My fiance and I are novices when it comes to buying a property. Within the last couple of days our lawyer has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. Barclays - Woolwich have this afternoon contacted us to advise us that they have now hit a problem as our solicitor is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit 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 Barclays - Woolwich and see if they can apply for membership of the Barclays - Woolwich conveyancing panel, but if that is not viable Barclays - Woolwich will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Barclays - Woolwich conveyancing panel and you may continue to use your own solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
My nephew is purchasing a house that has just been built with a home loan from Barclays - Woolwich. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays - Woolwich conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays - Woolwich conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do banks and building societies provide you with an approved list of solicitors? How do you know who is on the Barclays - Woolwich conveyancing panel?
The firms themselves provide us confirmation that they are on the Barclays - Woolwich conveyancing panel as opposed to being supplied with a list from Barclays - Woolwich directly.
The lawyers that I recently instructed on my purchase in Brighton has without warning closed. I chose them because I needed a solicitor on the Barclays - Woolwich conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barclays - Woolwich conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Barclays - Woolwich. 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 Barclays - Woolwich involved you will need to appoint a solicitor on the Barclays - Woolwich 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 Barclays - Woolwich. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Barclays - Woolwich conveyancing panel.
We have agreed a price on a house I spoke to a conveyancer recommended by my mum and he suggested instructing a law firm approved by Barclays - Woolwich. The estate agent recommended two local firms so I asked Barclays - Woolwich if the 2 suggested solicitors are approved, which they are not. Barclays - Woolwich pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Barclays - Woolwich 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Barclays - Woolwich to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Barclays - Woolwich 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 Barclays - Woolwich conveyancing panel as it may only take about 2-3 weeks. As long as they meet Barclays - Woolwich’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.
The mortgage over my property is with Barclays - Woolwich. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays - Woolwich?
You must advise Barclays - Woolwich prior to letting out your property as this is likely to be a breach of Barclays - Woolwich’s mortgage conditions. It may be that Barclays - Woolwich will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays - Woolwich directly. You need not do this via a Barclays - Woolwich conveyancing panel firm.