Ecology Building Society Conveyancing Panel Recently Asked Questions from members of the public
I instructed a solicitor to conduct the legal paperwork on my purchase six weeks ago having applied for a mortgage with Ecology Building Society. The solicitors confirmed to me that they are on Ecology Building Society conveyancing panel and provided me their panel number. Ecology Building Society then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the approved panel for Ecology Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Ecology Building Society as to the time frame to get your lawyer reinstated on the panel once again.
My grandson is about to exchange on a new build apartment with a mortgage from Ecology Building Society. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Ecology Building Society conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Ecology Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I require the services of a Ecology Building Society panel solicitor in Stirling. Could you help me?
It is not clear why you need a Ecology Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Ecology Building Society to find out which solicitors in Ecology Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I was due to move into my first house last Thursday. My lawyer’s firm is on the Ecology Building Society conveyancing panel but has changed address in the past couple of months and had not advised Ecology Building Society of their new address. Ecology Building Society is now refusing to release my 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 Ecology Building Society branch or your mortgage broker to see if they can help.
We have agreed a price on a flat I spoke to a solicitor previously used by my dad and he advised using a solicitor approved by Ecology Building Society. The estate agent recommended two local firms so I asked Ecology Building Society if the 2 suggested solicitors are approved, which they are not. Ecology Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Ecology Building Society 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Ecology Building Society for conveyancing panel firms in your area. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Ecology Building Society conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Ecology Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Ecology Building Society’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
My husband and I are spending time looking at apartments and now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a home loan with Ecology Building Society
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use 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 Ecology Building Society , ask your prospective lawyers check they are on the Ecology Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Ecology 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 Ecology Building Society or your broker and complete any relevant paperwork. Ecology Building Society will tell you what documents they want. Ecology 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. Ecology 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.