FAQs for the Furness Building Society Conveyancing Panel from members of the public
My lawyer is not listed on the Furness Building Society Approved Panel. Can I still continue with my preferred solicitor even though they are excluded from the Furness Building Society list of approved lawyers?
You have a number of options available to you here:
- Complete the purchase with your preferred solicitors but Furness Building Society will need to instruct a lawyer on the Furness Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Furness Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Furness Building Society conveyancing panel
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Furness Building Society will not agree to this. Why was Furness Building Society even consulted?
Your lawyer being on the Furness Building Society conveyancing panel is duty bound to inform Furness Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Furness Building Society then they would have to discontinue acting for you and Furness Building Society.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Furness Building Society conveyancing panel. My lawyer has said that they are on the Furness Building Society approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Furness Building Society conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Furness Building Society solicitor panel.
I was due to complete on my flat last Thursday. My lawyer’s firm is on the Furness Building Society solicitors panel but has moved offices 8 weeks ago and had not informed Furness Building Society of their new address. Furness Building Society is now refusing to release my funds as the information from the solicitors isn't correct.
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 Furness Building Society branch or your mortgage broker to see if they can help.
We have had an offer accepted on a house I spoke to a solicitor recommended by my dad and he advised instructing a property lawyers approved by Furness Building Society. The estate agent recommended two local firms so I asked Furness Building Society if the 2 suggested solicitors are approved, which they are not. Furness Building Society suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Furness 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.
Enquire of Furness 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 Furness 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 Furness Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Furness 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 paid off my mortgage with Furness Building Society. I assume I don't need a solicitor on the Furness Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Furness 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 Furness Building Society mortgage from the register. Furness 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 Furness Building Society has sent the Land Registry the discharge electronically, and
the Furness Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Furness Building Society mortgage has been paid off.
Intending to buy a flat with a mortgage with Furness 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 Furness 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 Furness Building Society conveyancing panel