FAQs : The Beverley Building Society Conveyancing Panel from members of the public
The solicitor I wanted to use for conveyancing on a remortgage said she would charge more if my mortgage is with Beverley Building Society due to their difficult processes! Am I likely to be frustrated using Beverley Building Society? Any comments will be appreciated
Beverley Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Beverley Building Society conveyancing panel. If they are not, this does add further risk of delay as Beverley Building Society will appoint their own solicitors to look after their interest.
I am purchasing a newly built apartment and my conveyancer is informing me that she is duty bound to disclose incentives from the builder as her firm is on the Beverley Building Society conveyancing panel. The Estate Agents are hassling me to exchange contracts and I dont want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Beverley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Beverley Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I see that you have a post code search directory listing solicitors on the Beverley Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Beverley Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The solicitors that I appointed last week on my purchase in Newcastle has without warning shut down. They were on acting for me because I had to have a firm on the Beverley Building Society conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Beverley Building Society 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 solicitors may be able to assist
Is it the case that all conveyancing lawyers on the Beverley Building Society conveyancing panel work on a no move no charge basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
The for formalities of my remortgage has taken place with a mortgage from Beverley Building Society. Conveyancing was of an acceptable standard but I would like to complain about Beverley Building Society. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the Beverley Building Society branches or the Customer Care Department at Beverley Building Society head office. We understand that complaints to Beverley Building Society are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service with full details of your complaint.
Beverley 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 Beverley Building Society or your broker and complete any relevant paperwork. Beverley Building Society will tell you what documents they want. Beverley 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. Beverley 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.
