FAQs : The Bradford & Bingley Solicitor Panel from members of the public
I instructed a law firm to work on my purchase 4 weeks ago having applied for a mortgage with Bradford & Bingley. The firm assured me that they are on Bradford & Bingley conveyancing panel and gave me their panel number. Bradford & Bingley then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the approved 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.
My conveyancer has identified an inconsistency between the information in Bradford & Bingley’s valuation survey and what is in the legal papers for the property. My lawyer has advised that as he is on the Bradford & Bingley conveyancing panel he is duty bound to check that the lender is OK with this discrepancy and is content go ahead. Is my solicitor’s approach correct?
A precondition to being on the Bradford & Bingley approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bradford & Bingley) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How do I search for a local solicitor on the Bradford & Bingley conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the lawyer.
You can use the find a conveyancing panel search 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.
We're in Wales, FTBs buying 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
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Bradford & Bingley conveyancing panel requirements are different to Bradford & Bingley’s conveyancing panel requirements.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to proceed? I hope to get a mortgage with Bradford & Bingley. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Bradford & Bingley involved you will need to appoint a solicitor on the Bradford & Bingley conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Bradford & Bingley. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Bradford & Bingley conveyancing panel.
For 5 years I had a mortgage with Bradford & Bingley. My father 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.