Bradford & Bingley Conveyancing Panel Sample Enquires to our Call Center from members of the public
A conveyancer my husband and I had intended to instruct on a remortgage said he would charge more if my mortgage is with Bradford & Bingley because of their difficult processes! Will I regret using Bradford & Bingley? Any comments will be appreciated
Bradford & Bingley 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 Bradford & Bingley conveyancing panel. If they are not, this does add further risk of delay as Bradford & Bingley will appoint their own solicitors to look after their interest.
My partner and I are refinancing our penthouse with Bradford & Bingley. We have a son approaching twenty who lives with us. The solicitor on the Bradford & Bingley conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have two questions (1) Is this form unique to the Bradford & Bingley conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bradford & Bingley .This is solely used to protect the Bradford & Bingley if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bradford & Bingley had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
What tools are available to search for a local solicitor on the Bradford & Bingley conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the lawyer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bradford & Bingley solicitor panel.
My lawyers in Manchester have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Bradford & Bingley. Is it case that being on the Bradford & Bingley conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Bradford & Bingley Conveyancing Panel Terms. It might be worth you contacting Bradford & Bingley directly.
When it comes to mortgage companies such as Bradford & Bingley do lawyers 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.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Bradford & Bingley be concerned
As you are obtaining a mortgage with Bradford & Bingley your lawyer must to check the Bradford & Bingley conveyancing instructions contained in the Part of CML Handbook for Bradford & Bingley . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Bradford & Bingley where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We were going to get a DIP from Bradford & Bingley this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Bradford & Bingley recommend a solicitor on the Bradford & Bingley conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Bradford & Bingley conveyancing panel. The solicitor represents both you and the Bradford & Bingley through the process.