Common questions asked concerning the Ipswich Building Society Conveyancing Panel from members of the public
A lawyer my fiance and I had intended to instruct on a purchase said she would charge more if my lender is because of their difficult processes! Am I likely to be frustrated using Ipswich Building Society? Any comments will be appreciated
Ipswich Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Ipswich Building Society conveyancing panel. If they are not, this does add further risk of delay as Ipswich Building Society will appoint their own solicitors to look after their interest.
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 Ipswich Building Society will not agree to this. Why was Ipswich Building Society even consulted?
Your lawyer being on the Ipswich Building Society conveyancing panel is duty bound to inform Ipswich Building Society of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Ipswich Building Society then they would have to discontinue acting for you and Ipswich Building Society.
How do I search for a local solicitor on the Ipswich Building Society conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Ipswich Building Society solicitor panel.
I am attempting to get my former partner taken off the mortgage deeds. Can Ipswich Building Society really insist on which solicitor I can or can not retain?
You can use any solicitor you like but Ipswich 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 Ipswich Building Society solicitors panel
We have agreed a price on a house I spoke to a solicitor previously used by my dad and he suggested instructing a solicitor approved by Ipswich Building Society. The estate agent recommended two local firms so I asked Ipswich Building Society if the 2 suggested solicitors are approved, which they are not. Ipswich Building Society suggested that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Ipswich 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 Ipswich 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 Ipswich 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 Ipswich Building Society conveyancing panel as it may only take about 2-3 weeks. As long as they meet Ipswich 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 am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Ipswich Building Society are being pedantic. The solicitor who is on the Ipswich Building Society conveyancing panel is saying indemnity insurance will be fine but Ipswich Building Society are insisting on a building regulation certificate. Why do Ipswich Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Ipswich Building Society have referred the matter to their valuer. The reason why Ipswich 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.
We are are purchasing a penthouse in Hendon. Conveyancing solicitors in Hendon are about to beinstructed. My fatheradvised that we enquire that the conveyancing practitioner in Hendon is on the Ipswich Building Society panel. Surely I don't need to do this, do I?
A limited percentage of Hendon conveyancing firms are on the Ipswich Building Society conveyancing panel. Click here to find a Hendon conveyancing practitioner on the on the Ipswich Building Society solicitors pane.