Q and A’s regarding the Leek BS Solicitor Panel
from members of the public
My property lawyer has never been on on the Leek BS Solicitor Panel. Is it possible for me to continue with my family solicitor even though they are not on the Leek BS panel?
You have a number of options available to you here:
- Carry on with your existing lawyers but Leek BS will need to instruct a lawyer on the Leek BS conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Leek BS conveyancing panel.
- Urge your lawyer to apply to join the Leek BS lender panel
Our solicitor has informed me that he requires identification documents saying that this is part of his requirements as a conveyancer on the Leek BS Conveyancing panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Leek BS your lawyer also has to check ID documents to satisfy Leek BS
I am purchasing a house and require a conveyancing solicitor in Liverpool who is on the Leek BS conveyancing. Can you recommend a local solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leek BS . We don’t recommend any particular firm.
I am buying a semi-detached house and getting a mortgage with Leek BS. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Leek BS conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Leek BS conveyancing panel in your location.
Are all Conveyancing Quality Solicitors on the Leek BS conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
Is it the case that all conveyancing solicitors on the Leek BS conveyancing panel work on a no sale no fee basis?
On the whole there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
Planning on purchasing a house with a mortgage with Leek BS. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leek BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Leek BS conveyancing panel