Bradford & Bingley Solicitor Panel Example Support Desk Enquires from members of the public
I am hoping to receive a offer of a mortgage from Bradford & Bingley. I would like to use a Licensed Conveyancer. Does the Bradford & Bingley Solicitor panel allow for conveyancers regulated by the CLC
Bradford & Bingley’s approved solicitor list is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Our son is buying a new build apartment with a home loan from Bradford & Bingley. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 Bradford & Bingley conveyancing panel as a standard part of the process, and to the surveyor 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 Bradford & Bingley conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I understood that this was a condition of being on the Bradford & Bingley conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
We're in Liverpool, First timers purchasing with a mortgage (lender is Bradford & Bingley , but our solicitor is on the Bradford & Bingley conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bradford & Bingley conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
When it comes to lenders such as Bradford & Bingley do lawyers have to be pay a fee to be on the conveyancing panel?
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 previously instructed online solicitors based in London who are on the Bradford & Bingley solicitor panel. They have just invoiced me a separate fee of £195 for the legal aspects of the Bradford & Bingley mortgage. Is this a supplemental conveyancing fee set by Bradford & Bingley?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bradford & Bingley but by your lawyers. Some firms on the Bradford & Bingley will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My existing mortgage is with Bradford & Bingley. My grandfather retired last week and wants to pay off my mortgage. After Bradford & Bingley is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Bradford & Bingley conveyancing panel? I do not intend to live at the property once the Bradford & Bingley mortgage is discharged.
You
will need a solicitor but they need not be on the Bradford & Bingley conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
