Examples of recent questions relating to the Family Building Society Solicitor Panel from members of the public
A solicitor my fiance and I wanted to use for conveyancing on a remortgage said he will levy higher legal fees if my mortgage is with Family Building Society due to their difficult processes! Will I regret using Family Building Society? Any comments will be appreciated
Family Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Family Building Society conveyancing panel. If they are not, this does add further risk of delay as Family Building Society will appoint their own solicitors to look after their interest.
I do hope you can help me. My solicitor is assuring me that he is legally obliged to conduct a Local Authority search because the firm are on the Family Building Society solicitor panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Family Building Society your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Family Building Society’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Family Building Society. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I see that you have a post code search directory listing firms on the Family Building Society conveyancing panel. Do firms pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Family Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
We're in London, First time buyers purchasing with a mortgage (lender is Family Building Society , but our solicitor is on the Family Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Family Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Can I be sure that the solicitor on the Family Building Society panel is any good?
Getting recommendations is a good 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 recommend that you speak with the lawyer carrying out your conveyancing
I was told four weeks ago that my mortgage has been agreed
to by Family Building Society. Is it usual for Family Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Family Building Society to deal with your lawyers application to be on the Family Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
My ex -wife’s name is on the Family 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 Family Building Society mortgage in order to sell?
In terms of the Family 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 Family 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.