Coventry Building Society Conveyancing Panel Example Support Desk Enquires
from members of the public
My financial adviser has says he needs my law firm’s panel reference for the Coventry Building Society conveyancing panel. What is the best way to discover this. I have contacted my local Coventry Building Society branch but they cant find it on their system.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Coventry Building Society.
My conveyancer has uncovered a discrepancy when comparing the surveyor’s assumptions in Coventry Building Society’s home valuation survey and what is in the title deeds. My lawyer has advised that as he is on the Coventry Building Society conveyancing panel he needs to check that the lender is happy with this discrepancy and is content go ahead. Is my conveyancer’s approach right?
A precondition to being on the Coventry Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Coventry Building Society) 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.
I note that you have a post code search directory listing law firms on the Coventry Building Society conveyancing panel. Do firms pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Coventry 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 recently instructed on my house acquisition in Manchester has suddenly shut down. I only went with them because I needed a lawyer on the Coventry Building Society conveyancing panel and my preferred lawyer was not. I gave my credit card details for them to take £175 for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know 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 should appoint new lawyers that are on the Coventry 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 should be in a position to assist
We were going to get a DIP from Coventry Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Coventry Building Society recommend a solicitor on the Coventry Building Society 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 Coventry Building Society conveyancing panel. The solicitor represents both you and the Coventry Building Society through the process.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Coventry Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Coventry Building Society 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 Coventry Building Society. Unless your lawyer obtains specific confirmation in writing that Coventry Building Society 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 Coventry Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Coventry 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 Coventry Building Society or your broker and complete any relevant paperwork. Coventry Building Society will tell you what documents they want. Coventry 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. Coventry 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.