Scottish Building Society Conveyancing Panel : Questions and Answers
from members of the public
My financial adviser has says he needs my solicitor’s panel member for the Scottish Building Society conveyancing panel. Can you suggest how I discover this. I have called my local Scottish Building Society office but they have not responded to me.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Scottish Building Society.
I am buying a newly built flat and my conveyancer is informing me that she is duty bound to disclose incentives from the seller as her practice is on the Scottish Building Society conveyancing panel. The Estate Agents are hassling me to sign contracts and I would rather not prolong matters. Can I insist on an exchange regardless of what my lawyer says about being on the Scottish Building Society panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Scottish Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Scottish Building Society). 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 am planning to acquire a house and need a conveyancing solicitor in Newcastle who is on the Scottish Building Society approved. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Scottish Building Society . We don’t recommend any particular firm.
We're in London, First timers purchasing with a mortgage (lender is Scottish Building Society , but our solicitor is on the Scottish Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Scottish Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Can I be sure that the solicitor on the Scottish Building Society panel is any good?
Getting recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor handling your transaction
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Scottish Building Society 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 Scottish Building Society your lawyer must to check the Scottish Building Society conveyancing instructions contained in the Part of CML Handbook for Scottish Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Scottish Building Society 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.
We were going to get a DIP from Scottish Building Society 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 Scottish Building Society recommend a solicitor on the Scottish Building Society 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 Scottish Building Society conveyancing panel. The solicitor represents both you and the Scottish Building Society through the process.