FAQs for the Ecology Building Society Conveyancing Panel from members of the public
I have just been informed by my mortgage broker that my lawyer is not on the Ecology Building Society Solicitor panel. What can I do to be certain that this is indeed the case?
You need to contact your conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Ecology Building Society.
I am due to move into my new home next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Ecology Building Society. What does the insurance need to cover?
Any lawyer on the Ecology 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 Ecology Building Society’s Part 2 requirements of the CML Handbook (last updated on Ecology Building Society). Being on the Ecology Building Society conveyancing panel your lawyer is expect to follow these requirements.
Your search tool is useful but there are many lawyers listed near Hackney on the Ecology Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Ecology 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. 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 attempting to get my ex-husband removed the mortgage deeds. Can Ecology Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Ecology 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 Ecology Building Society solicitors panel
Can I be sure that the solicitor on the Ecology Building Society panel is any good?
Getting recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your transaction
Do the majority of banks 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 Ecology Building Society conveyancing panel requirements are different to Ecology Building Society’s conveyancing panel criteria.
My offer was accepted on a property on the 20th February 2014, valuation was booked 3 days later, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Ecology Building Society and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Ecology Building Society conveyancing panel. Can the lender hold off the offer?
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 Ecology Building Society to deal with your lawyers application to be on the Ecology Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.