FAQs : The Family Building Society Conveyancing Panel from members of the public
I appointed a solicitor to conveyancing on my purchase 5 weeks ago having applied for a mortgage with Family Building Society. The firm assured me that they are on Family Building Society conveyancing panel and advised me their panel reference. Family Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the conveyancing panel for Family Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Family Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Family Building Society as to how long they think it will take to get the firm to get back on the panel.
Can you help?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Family Building Society was dated random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer informs me that as she is on the Family Building Society conveyancing panel she needs to redo the searches as they are no longer valid.
One of the many conditions to being on the Family Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Family Building Society)which states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Family Building Society.
I am looking to buy a property and need a conveyancing solicitor in London who is on the Family Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Family Building Society . We don’t recommend any particular firm.
I was expecting to move into my first house yesterday. My lawyer’s firm is on the Family Building Society conveyancing panel but has moved offices 8 weeks ago and had not informed Family Building Society of their new address. Family 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 a rare situation indeed. 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 Family Building Society branch or your mortgage broker to see if they can assist.
We expect to receive a DIP from Family Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Family Building Society recommend a solicitor on the Family Building Society conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Family Building Society conveyancing panel. The solicitor represents both you and the Family Building Society through the process.
My brother and I have agreed a price on a apartment I spoke to a conveyancer recommended by my mum and he suggested retaining a property lawyers approved by Family Building Society. The estate agent recommended two local firms so I asked Family Building Society if the 2 suggested solicitors are approved, which they are not. Family 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 Family 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 Family Building Society to suggest a law firm in your location. 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 Family 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 Family Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Family 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.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed with Family Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Family Building Society you will need to appoint a solicitor on the Family Building Society conveyancing panel.
