Earl Shilton Building Society Conveyancing Panel : Questions and Answers
from members of the public
My Conveyancer is not listed on the Earl Shilton Building Society Approved Panel. Is it possible for me to use my family solicitor even though they are excluded from the Earl Shilton Building Society panel?
The most common options here are as follows:
- Carry on with your preferred solicitors but Earl Shilton Building Society will need to instruct a lawyer on the Earl Shilton Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Earl Shilton Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Earl Shilton Building Society conveyancing panel
We are getting closer to 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 Earl Shilton Building Society. Apparently, being on the Earl Shilton Building Society conveyancing panel and acting on their behalf he must inform Earl Shilton 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 this now to be an issue?
Your lawyer is obliged to check with Earl Shilton 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 Earl Shilton Building Society if you agree, failing which, your lawyer must cease to continue acting.
Do all the firms listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Earl Shilton Building Society solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
I am trying to get my ex-wife taken off the mortgage deeds. Can Earl Shilton Building Society really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Earl Shilton Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Earl Shilton Building Society solicitors panel
I'm in the process of looking at flats and now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a mortgage with Earl Shilton 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 estate agent. As you are getting a mortgage with Earl Shilton Building Society , make sure you remember to check that your lawyer is on the Earl Shilton Building Society conveyancing panel.
My ex -wife’s name is on the Earl Shilton Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Earl Shilton Building Society mortgage in order to sell?
As regards the Earl Shilton Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Earl Shilton Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
At last I have had an offer on an apartment accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? When should I get the mortgage app going with Earl Shilton Building Society?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Earl Shilton Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Earl Shilton Building Society and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.