FAQs : The Leek BS Conveyancing Panel from members of the public
Much to my surprise I have been told by my mortgage adviser that my solicitor is not on the Leek BS Conveyancing panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Leek BS solicitor panel.
I am purchasing a newly built duplex and my lawyer is telling me that she is duty bound to disclose incentives from the seller as her practice is on the Leek BS conveyancing panel. I am under pressure to sign contracts and I dont want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Leek BS approved panel is to comply with the CML Handbook requirements (last updated for this lender on Leek BS). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Leek BS conveyancing panel. My lawyer has said that they are on the Leek BS approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Leek BS conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Leek BS solicitor panel.
My grandfather passed away last year and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Leek BS , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Leek BS will insist on your using a conveyancer on the Leek BS 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 Leek BS 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 Leek BS mortgage is registered as a charge at the Land Registry.
My fiance and I are at the point of looking at flats and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I will be getting a mortgage with Leek BS
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Leek BS , ask your prospective lawyers check they are on the Leek BS conveyancing panel otherwise they can't do the mortgage legal work.
My existing mortgage is with Leek BS. My uncle retired last week and wants to pay off the mortgage left on the property. After Leek BS is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Leek BS conveyancing panel? I do not intend to live at the property once the Leek BS mortgage is discharged.
You
will need a solicitor but they need not be on the Leek BS conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Planning on purchasing a flat 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