Examples of recent questions relating to the Furness Building Society Solicitor Panel
from members of the public
Is the fact that my conveyancer is not isted on the Furness Building Society Conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Furness Building Society.
Expecting to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Furness Building Society. What risks do Furness Building Society expect the insurance to cover?
Any lawyer on the Furness Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Furness Building Society’s Part 2 requirements of the CML Handbook (last updated on Furness Building Society). Being on the Furness Building Society conveyancing panel your lawyer is expect to follow these requirements.
I am purchasing a property and need a conveyancing solicitor in Leeds who is on the Furness Building Society approved. Could you point me in the right direction as regards a firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Furness Building Society . We don’t recommend any particular firm.
I would like to get my ex-husband removed the mortgage deeds. Can Furness Building Society really insist on which solicitor I can or can not use?
You can use any solicitor you like but Furness Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Furness Building Society solicitors panel
I previously instructed online solicitors based in Manchester who are on the Furness Building Society solicitor panel. They have just invoiced me a separate fee of £135 for the legal aspects of the Furness Building Society mortgage. Is this a supplemental conveyancing fee specified by Furness 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 Furness Building Society but by your lawyers. Some firms on the Furness Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
The for formalities of my remortgage has taken place with a mortgage from Furness Building Society. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Furness Building Society. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the Furness Building Society branches or the Customer Care Department at Furness Building Society head office. Ordinarily complaints to Furness Building Society are sorted out effectively and efficiently. However if you are not satisfied that the matter is resolved you can write to the
Financial Ombudsman Service
who will take matters further.
I am due to exchange contracts on my flat. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Furness Building Society are being difficult. The solicitor who is on the Furness Building Society conveyancing panel is recommending indemnity insurance as a solution but Furness Building Society are insisting on a building regulation certificate. Why do Furness Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Furness Building Society have referred the matter to their valuer. The reason why Furness Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.