Principality Building Society Conveyancing Panel Example Support Desk Enquires from members of the public
My Solicitor is not listed on the Principality Building Society Solicitor Panel. Can I still use my preferred solicitor notwithstanding that they are not on the Principality Building Society list of approved lawyers?
You will need to have a conveyancer complete the legal work required when you take out a Principality Building Society mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Principality Building Society conveyancing panel additional costs will be incurred as separate legal representation will be required by Principality Building Society. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Our conveyancer has discovered a legal deficiency with the lease for the flat we are purchasing. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the Principality Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Principality Building Society?
Just because you have a mortgage offer from Principality Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Principality Building Society are the client. These conveyancing instructions have to be complied with by the Principality Building Society conveyancing panel who has to balance acting for you and Principality Building Society
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Principality Building Society conveyancing panel. My lawyer has said that they are on the Principality Building Society 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 Principality Building Society 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 Principality Building Society solicitor panel.
I would like to get my ex-wife removed the mortgage deeds. Can Principality Building Society really insist on which solicitor I can or can not use?
You can use any solicitor you like but Principality Building Society then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Principality Building Society solicitors panel
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Principality Building Society. Is it possible to avoid using solicitors to save us both money? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Principality Building Society involved you will need to appoint a solicitor on the Principality Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Principality Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Principality Building Society conveyancing panel.
I have paid off my mortgage with Principality Building Society. I assume I don't need a solicitor on the Principality Building Society panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Principality 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 Principality Building Society mortgage from the register. Principality 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 Principality Building Society has sent the Land Registry the discharge electronically, and
the Principality Building Society has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Principality Building Society mortgage has been paid off.
On the whole I have been dissatisfied with the level or service received from my lawyer. Is there a Principality Building Society conveyancing panel complaints department or do I complain directly to the law firm?
There is little point in complaining directly to Principality Building Society. Every solicitor firm and conveyancer must have a complaints procedure. You can get information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.
The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.
If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.