Family Building Society Conveyancing Panel : Questions and Answers
from members of the public
My Solicitor has never been on on the Family Building Society Conveyancing Panel. Can I still continue with my family solicitor even though they are not on the Family Building Society approved list?
You will need to have a conveyancer complete the legal work required when you take out a Family Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Family Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Family Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Our solicitor has identified a problem with the lease for the flat we are buying. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the Family Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Family Building Society?
Just because you have a mortgage offer from Family Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Family Building Society are the client. These conveyancing instructions have to be complied with by the Family Building Society conveyancing panel who has to balance acting for you and Family Building Society
I am looking to buy a property and need a conveyancing solicitor in Newcastle who is on the Family Building Society approved. Can you recommend a local conveyancing firm?
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.
My solicitors in London have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with Family Building Society. Is it case that being on the Family Building Society conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Family Building Society Conveyancing Panel Terms. It might be worth you contacting Family Building Society directly.
I previously instructed online solicitors based in Manchester who are on the Family Building Society solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Family Building Society mortgage. Is this an additional conveyancing fee set by Family Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Family Building Society but by your lawyers. Some firms on the Family Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Family Building Society be concerned
Given that your lender is Family Building Society your lawyer must to check the Family Building Society conveyancing instructions contained in the Part of CML Handbook for Family Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Family Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Family Building Society. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Family Building Society involved you will need to appoint a solicitor on the Family 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 Family Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Family Building Society conveyancing panel.