Hanley Economic Building Society Conveyancing Panel : Questions and Answers from members of the public
My property lawyer is not listed on the Hanley Economic Building Society Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are not on the Hanley Economic Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Hanley Economic 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 Hanley Economic Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Hanley Economic Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
I am purchasing a new build apartment and my conveyancer is informing me that she is duty bound to disclose incentives from the builder as her practice is on the Hanley Economic Building Society conveyancing panel. I am under pressure to exchange and I dont want to prolong matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Hanley Economic Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Hanley Economic 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.
Do I need to pop into the offices of the Hanley Economic Building Society conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Newcastle
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for Hanley Economic Building Society undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
We're in Liverpool, FTBs buying with a mortgage (lender is Hanley Economic Building Society , but our lawyer is on the Hanley Economic Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Hanley Economic 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
Are all Conveyancing Quality Solicitors on the Hanley Economic Building Society conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date . I have telephoned Hanley Economic Building Society on numerous occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Hanley Economic Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Hanley Economic Building Society panel she or he must comply with the CML Handbook requirements for Hanley Economic Building Society. Unless your lawyer obtains specific confirmation in writing that Hanley Economic Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Hanley Economic Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I am selling my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Hanley Economic Building Society are being problematic. The solicitor who is on the Hanley Economic Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Hanley Economic Building Society are insisting on a building regulation certificate. Why do Hanley Economic Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Hanley Economic Building Society have referred the matter to their valuer. The reason why Hanley Economic 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.
