Earl Shilton Building Society Solicitor Panel Example Support Desk Enquires from members of the public
My fiance and I are first time buyers. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Earl Shilton Building Society have this morning contacted us to advise us that they have now hit a problem as our solicitor is not on their approved list of lawyers. What do we do from here?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyers should contact Earl Shilton Building Society and see if they can apply for membership of the Earl Shilton Building Society conveyancing panel, but if that is not viable Earl Shilton Building Society will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Earl Shilton Building Society conveyancing panel as you are at liberty to use your preferred lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
My conveyancer has uncovered a discrepancy between the surveyor’s assumptions in Earl Shilton Building Society’s valuation report and what is in the legal papers for the property. My lawyer informs me that as he is on the Earl Shilton Building Society conveyancing panel he must ensure that the bank is OK with this discrepancy and is content go ahead. Is my lawyer’s course or action legitimate?
A precondition to being on the Earl Shilton Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Earl Shilton 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.
Are there any apps to help find a local solicitor on the Earl Shilton Building Society conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the solicitor.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Earl Shilton Building Society solicitor panel.
I am purchasing a right to buy flat and getting a mortgage with Earl Shilton Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Earl Shilton Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Earl Shilton Building Society conveyancing panel in your location.
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to proceed? I plan to obtain a mortgage with Earl Shilton Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Earl Shilton Building Society involved you will need to appoint a solicitor on the Earl Shilton Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Earl Shilton Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Earl Shilton Building Society conveyancing panel.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 225. Soon after the conveyancers contacted me to say that they were not on the Earl Shilton Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Earl Shilton Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Earl Shilton Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Earl Shilton Building Society or your broker and complete any relevant paperwork. Earl Shilton Building Society will tell you what documents they want. Earl Shilton Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Earl Shilton Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.