Common questions asked concerning the Bradford & Bingley Solicitor Panel from members of the public
I appointed a firm of solicitors to conveyancing on my house purchase 5 weeks ago having applied for a mortgage with Bradford & Bingley. The firm reassured me that they are on Bradford & Bingley conveyancing panel and gave me their panel reference. Bradford & Bingley then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the conveyancing panel for Bradford & Bingley?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Bradford & Bingley conveyancing panel You may wish to enlist the help of your broker to check with the Bradford & Bingley as to the time frame to get your lawyer reinstated on the panel once again.
Expecting to move into my new home next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Bradford & Bingley. What does the insurance need to cover?
All property lawyers on the Bradford & Bingley conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Bradford & Bingley’s Part 2 requirements of the CML Handbook (last updated on Bradford & Bingley). Being on the Bradford & Bingley conveyancing panel your lawyer is expect to follow these instructions.
I require the services of a Bradford & Bingley panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Bradford & Bingley panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Bradford & Bingley to find out which solicitors in Bradford & Bingley are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I was due to move into my flat two days ago. My solicitor is on the Bradford & Bingley solicitors panel but has moved offices in the past couple of months and had not advised Bradford & Bingley of their new address. Bradford & Bingley has locked down the release of mortgage funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Bradford & Bingley branch or your mortgage broker to see if they can assist.
When it comes to lenders such as Bradford & Bingley 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.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have called into my local branch Bradford & Bingley on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Bradford & Bingley conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Bradford & Bingley. Unless your lawyer obtains specific confirmation in writing that Bradford & Bingley will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Bradford & Bingley to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Planning on purchasing a house with a mortgage with Bradford & Bingley. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bradford & Bingley conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Bradford & Bingley conveyancing panel