Frequently asked questions relating to the Leek BS Solicitor Panel
from members of the public
I instructed a firm of solicitors to work on my remortgage three weeks ago having applied for a mortgage with Leek BS. The firm reassured me that they are on Leek BS conveyancing panel and provided me their panel reference. Leek BS then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the conveyancing panel for Leek BS?
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 Leek BS conveyancing panel You may wish to enlist the help of your broker to check with the Leek BS as to how long they think it will take to get the firm to get back on the panel.
Please help. My conveyancer is informing me me that he has to apply for a Local Authority search because the firm are on the Leek BS conveyancing panel. Is my lawyer correct?
You have limited options available to you. As you are taking a mortgage with Leek BS your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Leek BS’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Leek BS. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do all the firms listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Leek BS conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My lawyers in Manchester have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Leek BS. Is it case that being on the Leek BS conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Leek BS Conveyancing Panel Terms. It might be worth you contacting Leek BS directly.
We were going to get a DIP from Leek BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Leek BS recommend a solicitor on the Leek BS conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Leek BS conveyancing panel. The solicitor represents both you and the Leek BS through the process.
I have paid off my mortgage with Leek BS. I assume I don't need a solicitor on the Leek BS panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Leek BS 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 Leek BS mortgage from the register. Leek BS,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 Leek BS has sent the Land Registry the discharge electronically, and
the Leek BS has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Leek BS mortgage has been paid off.
I am due to exchange contracts on my house. I had a double glazing fitted in month 7 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Leek BS are being a right pain. The solicitor who is on the Leek BS conveyancing panel is saying indemnity insurance will be fine but Leek BS are requiring a building regulation certificate. Why do Leek BS have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Leek BS have referred the matter to their valuer. The reason why Leek BS 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.