Examples of recent questions relating to the Cumberland Building Society Solicitor Panel from members of the public
My Solicitor is not on the Cumberland Building Society Approved Panel. Can I still continue with my preferred solicitor notwithstanding that they are not on the Cumberland Building Society panel?
You will need to have a conveyancer complete the legal work required when you take out a Cumberland Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Cumberland Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Cumberland Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
I am buying a new build duplex and my lawyer is advising me that she is duty bound to disclose incentives from the builder as her practice is on the Cumberland Building Society conveyancing panel. The Estate Agents are hassling me to exchange contracts and I would rather not delay deal. is my lawyer taking the correct approach?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Cumberland Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Cumberland Building Society). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Cumberland Building Society conveyancing panel. My lawyer has said that they are on the Cumberland Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Cumberland Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Cumberland Building Society solicitor panel.
My solicitors in London have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Cumberland Building Society. Is it case that being on the Cumberland Building Society conveyancing panel they need to have retained the file for a number of years?
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 Cumberland Building Society Conveyancing Panel Terms. It might be worth you contacting Cumberland Building Society directly.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Cumberland Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Cumberland Building Society you will need to appoint a solicitor on the Cumberland Building Society conveyancing panel.
Planning on purchasing a house with a mortgage with Cumberland Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Cumberland Building Society 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 Cumberland Building Society conveyancing panel
My offer was accepted on a house on the 7th February 2014, valuation was booked 2 days later, received a clean bill of health. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Cumberland Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Cumberland Building Society conveyancing panel. Are Cumberland Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Cumberland Building Society to deal with your lawyers application to be on the Cumberland Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
