Progressive BS Conveyancing Panel Example Support Desk Enquires
from members of the public
I am obtaining a mortgage with Progressive BS. I would like to employ the services of a Licensed Conveyancer. Does the Progressive BS Solicitor panel include Licensed Conveyancers
Progressive BS’s conveyancing panel is, like many other lenders represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I do hope you can help me. My solicitor is informing me me that she is duty-bound to order a Local Authority search as the firm are on the Progressive BS conveyancing panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with Progressive 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 Progressive BS’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Progressive BS. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I need to find a Progressive BS panel solicitor in Stirling. Can you assist?
It is not clear why you need a Progressive BS panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Progressive BS to find out which solicitors in Progressive 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 was due to move into my first house yesterday. My solicitor is on the Progressive BS conveyancing panel but has moved offices 8 weeks ago and had not informed Progressive BS of their new address. Progressive BS is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Progressive BS branch or your mortgage broker to see if they can assist.
We are getting a further advance on our mortgage from Progressive BS as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Progressive BS conveyancing panel to deal with the legals?
Progressive BS would not normally appoint a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Progressive BS list
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Progressive BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Progressive BS your lawyer must to check the Progressive BS conveyancing instructions contained in the Part of CML Handbook for Progressive BS . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Progressive BS where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
In what circumstances might Progressive BS amend or withdraw their mortgage offer?
Banks and Building Societies such as Progressive BS can withdraw their mortgage offer although this is unusual. In the unlikely event that Progressive BS withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
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Many mortgage offers have an expiry date. Your lawyer should check this. Progressive BS may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
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Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
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Where to proceed with the Mortgage offer would be unlawful
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Where the lender is on notice of a restriction or a right of pre-emption which is not at market value
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If the solicitor on the Progressive BS conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Progressive BS ‘s instructions