Dudley Building Society Conveyancing Panel Recently Asked Questions
from members of the public
On what basis would a firm of solicitors be excluded from the Dudley Building Society solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of solicitor practices had been removed from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Dudley Building Society
My conveyancer has uncovered an inconsistency between the surveyor’s assumptions in Dudley Building Society’s home valuation survey and what is revealed within the title deeds. My lawyer says that as he is on the Dudley Building Society conveyancing panel he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action right?
A precondition to being on the Dudley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Dudley 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.
Your search tool is useful but there are many lawyers listed near Chelsea on the Dudley Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Dudley Building Society ?
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 supposed to complete on my flat yesterday. My solicitor is on the Dudley Building Society conveyancing panel but has moved offices in the past couple of months and had not informed Dudley Building Society of their new address. Dudley Building Society has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. 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 Dudley Building Society branch or your mortgage broker to see if they can help.
is it true that all solicitor firms on the Dudley Building Society conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Dudley Building Society conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I was told three weeks ago that my mortgage has been agreed
to by Dudley Building Society. Is it usual for Dudley Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Dudley Building Society to deal with your lawyers application to be on the Dudley Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
My brother and I are purchasing a flat in Hendon. Conveyancing solicitors in Hendon are preferred to begiven the go-ahead. My fatherrecommended that we enquire that the solicitor in Hendon is on the Dudley Building Society list of approved conveyancing firms. Is this right?
It is not that case that all Hendon conveyancing firms are on the Dudley Building Society conveyancing panel. 5 people a month use our search tool to search for a
Hendon conveyancing lawyer on the on the Dudley Building Society solicitors pane.