Cumberland Building Society Solicitor Panel Example Support Desk Enquires
from members of the public
My IFA has says he needs my law firm’s panel member for the Cumberland Building Society conveyancing panel. How do I obtain this. I have called my local Cumberland Building Society branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Cumberland Building Society panel reference.
I am purchasing a newly built apartment and my conveyancer is informing me that she is duty bound to disclose incentives from the developer as her practice is on the Cumberland Building Society conveyancing panel. I am under pressure to sign contracts and I would rather not delay the conveyancing. 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.
Whilst your website is a good idea there are many lawyers listed near Coventry on the Cumberland Building Society conveyancing panel. Can you recommend a specific firm on the Cumberland Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I was scheduled to move into my flat two days ago. My lawyer’s firm is on the Cumberland Building Society solicitors panel but has moved offices in the past couple of months and had not informed Cumberland Building Society of their new address. Cumberland Building Society is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Cumberland Building Society branch or your mortgage broker to see if they can assist.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Cumberland Building Society conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
We have a mortgage agreed in principle with Cumberland Building Society. Solicitors have been chosen? How long does it take for Cumberland Building Society to send the offer to our conveyancer
There is no definitive answer here. Have Cumberland Building Society done the survey? Have you advised Cumberland Building Society as your lawyers details and checked that your lawyer is on the Cumberland Building Society conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I have paid off my mortgage with Cumberland Building Society. I assume I don't need a solicitor on the Cumberland Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Cumberland Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Cumberland Building Society mortgage from the register. Cumberland Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Cumberland Building Society has sent the Land Registry the discharge electronically, and
the Cumberland Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Cumberland Building Society mortgage has been paid off.