Beverley Building Society Solicitor Panel Example Support Desk Enquires from members of the public
My lawyer has never been on on the Beverley Building Society Approved Panel. Can I still use my preferred solicitor even though they are excluded from the Beverley Building Society panel of approved conveyancing solicitors?
You have a number of options available to you here:
- Complete the purchase with your preferred solicitors but Beverley Building Society will need to instruct a lawyer on the Beverley Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Beverley Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Beverley Building Society conveyancing panel
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 Beverley Building Society was dated random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My solicitor has advised that as she is on the Beverley Building Society conveyancing panel she needs to reorder the searches as they are now out of date.
One of the many conditions to being on the Beverley Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Beverley Building Society)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 Beverley Building Society.
I am looking for online conveyancing estimates. Can I be assured that all the firms that are listed on your site are on the Beverley Building Society conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the Beverley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Beverley Building Society panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Beverley Building Society conveyancing panel is incorrect.
I am buying a right to buy flat and getting a mortgage with Beverley Building Society. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Beverley Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Beverley Building Society conveyancing panel in your location.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Beverley Building Society conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
Can you point me to a directory of Beverley Building Society panel solicitors on the CML Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
I have a mortgage with Beverley Building Society. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Beverley Building Society?
Your original mortgage agreement with Beverley Building Society will provide that you need their approval before renting your property as this is likely to be a breach of Beverley Building Society’s mortgage conditions. In many cases banks or building societies 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 Beverley Building Society directly. It should not be necessary to do this via a Beverley Building Society conveyancing panel lawyer.