FAQs for the Earl Shilton Building Society Solicitor Panel from members of the public
My IFA has says he needs my lawyer’ panel reference for the Earl Shilton Building Society conveyancing panel. How do I obtain this. I have called my local Earl Shilton Building Society branch but they have not responded to me.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Earl Shilton Building Society panel reference.
I am due to complete my purchase next Tuesday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Earl Shilton Building Society. What does the insurance need to cover?
All property lawyers on the Earl Shilton Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Earl Shilton Building Society’s Part 2 requirements of the CML Handbook (last updated on Earl Shilton Building Society). Being on the Earl Shilton Building Society conveyancing panel your lawyer is expect to follow these requirements.
Whilst your website is a good idea there are many lawyers listed near Chelsea on the Earl Shilton Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Earl Shilton Building Society ?
We do not recommend specific firms 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. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am considering applying for a Earl Shilton Building Society mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Earl Shilton Building Society?
In theory, you could use a solicitor that is not on Earl Shilton Building Society conveyancing panel, but Earl Shilton Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My fiance and I are in the process of viewing flats and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a home loan 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 EA. As you are getting a mortgage with Earl Shilton Building Society , ask your prospective lawyers check they are on the Earl Shilton Building Society conveyancing panel otherwise they can't do the mortgage legal work.
I have today made my last payment due on mortgage with Earl Shilton Building Society. I assume I don't need a solicitor on the Earl Shilton Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Earl Shilton 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 Earl Shilton Building Society mortgage from the register. Earl Shilton 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 Earl Shilton Building Society has sent the Land Registry the discharge electronically, and
the Earl Shilton Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Earl Shilton Building Society mortgage has been paid off.
It is not clear whether my mortgage offer requires a lease extension . I have called Earl Shilton Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Earl Shilton Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Earl Shilton Building Society. Unless your lawyer obtains specific confirmation in writing that Earl Shilton Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Earl Shilton Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.