Examples of recent questions relating to the Family Building Society Solicitor Panel from members of the public
My mortgage broker has has requested my lawyer’ panel member for the Family Building Society conveyancing panel. Can you suggest how I find this out. I have called my local Family Building Society branch but they have not responded to me.
You are best placed to get this information from your conveyancing lawyer. They should have a central record lender panel numbers including the Family Building Society panel reference.
I am buying a brand new apartment and my solicitor is informing me that she has to disclose incentives from the developer as her practice is on the Family Building Society conveyancing panel. I am on a tight deadline to exchange contracts and I dont want to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been Googling for conveyancing quotes online. Can I be sure that all the law firms that are listed on your directory are on the Family Building Society conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Family Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Family Building Society panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Family Building Society conveyancing panel is incorrect.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Family Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Family Building Society conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
For 5 years I had a mortgage with Family Building Society. My uncle retired last week and wants to pay off the mortgage left on the property. After Family Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Family Building Society conveyancing panel? I do not intend to live at the property once the Family Building Society mortgage is discharged.
You
will need a solicitor but they need not be on the Family Building Society conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Planning on purchasing a house with a mortgage with Family Building Society. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Family Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Family Building Society conveyancing panel
Me and my partner are buying a flat in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My fatheradvised that we double-check that the conveyancing practitioner in Hendon is on the Family Building Society panel. Is this right?
A limited percentage of Hendon conveyancing solicitors are on the Family Building Society conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing practitioner on the on the Family Building Society solicitors pane.