Common questions asked concerning the Harpenden Building Society Solicitor Panel
from members of the public
My IFA has asked me for my solicitor’s panel member for the Harpenden Building Society conveyancing panel. How do I obtain this. I have contacted my local Harpenden Building Society branch but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Harpenden Building Society.
Our solicitor has identified a defect with the lease for the flat we are purchasing. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the Harpenden Building Society conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is Harpenden Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Harpenden Building Society are the client. A precondition to being on the Harpenden Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Harpenden Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Harpenden Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Your search tool is useful but there are many lawyers listed near Chelsea on the Harpenden Building Society conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Harpenden Building Society approved panel?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
Can you clarify what the consequences are if my solicitor is removed from the Harpenden Building Society Conveyancing panel in advance of the moving date as agreed at exchange of contracts?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
When it comes to mortgage companies such as Harpenden Building Society do lawyers have to be pay a fee to be on the conveyancing panel?
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.
is it true that all solicitor practices on the Harpenden Building Society conveyancing panel overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Harpenden Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I have today made my last payment due on mortgage with Harpenden Building Society. I assume I don't need a solicitor on the Harpenden Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Harpenden 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 Harpenden Building Society mortgage from the register. Harpenden 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 Harpenden Building Society has sent the Land Registry the discharge electronically, and
the Harpenden Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Harpenden Building Society mortgage has been paid off.