Family Building Society Conveyancing Panel Example Support Desk Enquires from members of the public
The conveyancer I wanted to use for conveyancing on a remortgage said he would charge more if my lender is due to their unusual legal requirements. 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 informing me me that he has to conduct a Local Authority search stemming from the fact that the firm are on the Family Building Society approved lawyer 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 search directory listing firms on the Family Building Society conveyancing panel. Do firms pay you a commission if I retain them for my own conveyancing?
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 Wales, First time buyers purchasing with a mortgage (lender is Family Building Society , but our lawyer 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
When it comes to lenders such as Family Building Society do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I have today made my last payment due on mortgage with Family Building Society. I assume I don't need a solicitor on the Family Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Family Building Society mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Family Building Society mortgage from the register. Family Building Society,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Family Building Society has sent the Land Registry the discharge electronically, and
the Family Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Family Building Society mortgage has been paid off.
Me and my partner are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are about to beappointed. My motherrecommended that we double-check that the property lawyer in Hendon is on the Family Building Society list of approved conveyancing firms. Is this really necessary?
A limited percentage of Hendon conveyancing practices are on the Family Building Society conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing lawyer on the on the Family Building Society approved list of lawyers.