Q and A’s regarding the Leeds Building Society Conveyancing Panel
from members of the public
I am expecting a mortgage with Leeds Building Society. I intend to instruct a Licensed Conveyancer. Does the Leeds Building Society Solicitor panel include Licensed Conveyancers
Leeds Building Society’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are getting closer to an exchange and my mum and dad having transferred 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 Leeds Building Society. Apparently, being on the Leeds Building Society conveyancing panel and acting on their behalf he must inform Leeds Building Society if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Leeds 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 Leeds Building Society if you agree, failing which, your lawyer must cease to continue acting.
How do I search for a local solicitor on the Leeds Building Society conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search 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 Leeds Building Society solicitor panel.
My aunt passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Leeds Building Society , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Leeds Building Society will insist on your using a conveyancer on the Leeds 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 Leeds 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 Leeds Building Society mortgage is registered as a charge at the Land Registry.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Leeds Building Society conveyancing panel requirements are different to Leeds Building Society’s conveyancing panel requirements.
I have today made my last payment due on mortgage with Leeds Building Society. I assume I don't need a solicitor on the Leeds Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Leeds 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 Leeds Building Society mortgage from the register. Leeds 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 Leeds Building Society has sent the Land Registry the discharge electronically, and
the Leeds Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Leeds Building Society mortgage has been paid off.
I can not work out if my mortgage offer requires a lease extension . I have telephoned Leeds Building Society on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the Leeds Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Leeds Building Society. Unless your lawyer obtains specific confirmation in writing that Leeds 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 Leeds Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.