Leek United BS Conveyancing Panel Recently Asked Questions
from members of the public
My husband and I are FTBs. Within the 48 hours our property lawyer has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. Leek United BS have this morning contacted us to advise us that there is now an issue as our solicitor is not on their conveyancing panel. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme.
Your solicitors should contact Leek United BS and see if they can apply for membership of the Leek United BS conveyancing panel, but if that is not viable Leek United BS will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the Leek United BS conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
My partner and I intend to remortgage our maisonette with Leek United BS. We have a son 18 who lives with us. The solicitor on the Leek United BS conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Leek United BS conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leek United BS .This is solely used to protect the Leek United BS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leek United BS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I require the services of a Leek United BS panel solicitor in Belfast. Could you help me?
Unfortunately it’s not apparent why you need a Leek United BS panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Leek United BS to find out which solicitors in Leek United BS are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
I am considering applying for a Leek United BS mortgage for purchase of a new build (under development) with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Leek United BS?
In theory, you could use a solicitor that is not on Leek United BS conveyancing panel, but Leek United BS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We expect to receive a DIP from Leek United BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Leek United BS recommend a solicitor on the Leek United BS 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 Leek United BS conveyancing panel. The solicitor represents both you and the Leek United BS through the process.
We have had an offer accepted on a apartment I spoke to a conveyancer previously used by my brother and he advised using a law firm approved by Leek United BS. The estate agent recommended two local firms so I asked Leek United BS if the 2 suggested solicitors are approved, which they are not. Leek United BS suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Leek United BS '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 Leek United BS 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 Leek United BS 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 Leek United BS conveyancing panel as it may only take about 2-3 weeks. As long as they meet Leek United BS’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.
Sometime soon me and my wife are taking a long lease of a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon need to beinstructed. My motheradvised that we check that the solicitor in Hendon is on the Leek United BS panel. Is this right?
Far from all Hendon conveyancing solicitors are on the Leek United BS conveyancing panel. 5 people a month use our search tool to find a
Hendon conveyancing firm on the on the Leek United BS approved list of lawyers.
