Examples of recent questions relating to the Darlington Building Society Solicitor Panel
from members of the public
I appointed a firm of solicitors to conduct the legal paperwork on my remortgage six weeks ago having applied for a mortgage with Darlington Building Society. The law firm confirmed to me that they are on Darlington Building Society conveyancing panel and gave me their panel reference. Darlington Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the conveyancing panel for Darlington Building Society?
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 Darlington Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Darlington Building Society as to how long they think it will take to get the firm to get back on the panel.
We are approaching an exchange and my parents having transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Darlington Building Society. I am advised that, being on the Darlington Building Society conveyancing panel and acting on their behalf he must inform Darlington Building Society if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Darlington Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Darlington Building Society if you agree, failing which, your lawyer must cease to continue acting.
I am planning to acquire a flat and require a conveyancing solicitor in Manchester who is on the Darlington Building Society approved. Can you recommend a local conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Darlington Building Society . We don’t recommend any particular firm.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Darlington Building Society Conveyancing panel prior to completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do conveyancing solicitors on the Darlington Building Society conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
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 Darlington Building Society conveyancing panel requirements are different to Darlington Building Society’s conveyancing panel criteria.
My fiance and I are spending time viewing houses and am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I I am planning to take a home loan with Darlington Building Society
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Darlington Building Society , ask your prospective lawyers check they are on the Darlington Building Society conveyancing panel otherwise they can't do the mortgage legal work.