FAQs : The Holmesdale Building Society Conveyancing Panel from members of the public
I appointed a law firm to carry out on my remortgage 4 weeks ago having applied for a mortgage with Holmesdale Building Society. The solicitors assured me that they are on Holmesdale Building Society conveyancing panel and advised me their panel number. Holmesdale Building Society then called me to say that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the conveyancing panel for Holmesdale Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Holmesdale Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Holmesdale Building Society as to how long they think it will take to get the firm to get back on the panel.
We are getting closer to an exchange and my parents having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Holmesdale Building Society. Apparently, being on the Holmesdale Building Society conveyancing panel and acting on their behalf he must inform Holmesdale Building Society if the balance of the mortgage advance is not just from me. I disclosed to the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for him to raise this?
Your lawyer is obliged to check with Holmesdale Building Society to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Holmesdale Building Society if you agree, failing which, your lawyer must cease to continue acting.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Holmesdale Building Society conveyancing panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My uncle passed away six months ago and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Holmesdale Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Holmesdale Building Society will insist on your using a conveyancer on the Holmesdale Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Holmesdale Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Holmesdale Building Society mortgage is registered as a charge at the Land Registry.
We were going to get a DIP from Holmesdale Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Holmesdale Building Society recommend a solicitor on the Holmesdale Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Holmesdale Building Society conveyancing panel. The solicitor represents both you and the Holmesdale Building Society through the process.
I was told three weeks ago that my mortgage has been agreed
to by Holmesdale Building Society. Is it usual for Holmesdale Building Society to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Holmesdale Building Society to deal with your lawyers application to be on the Holmesdale Building Society conveyancing panel. There's no guarantee that your solicitors will be accepted.
My ex -wife’s name is on the Holmesdale Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Holmesdale Building Society mortgage in order to sell?
As regards the Holmesdale Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Holmesdale Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
