Frequently asked questions relating to the Scottish Building Society Conveyancing Panel
from members of the public
My financial adviser has says he needs my lawyer’ panel member for the Scottish Building Society conveyancing panel. How do I obtain this. I have contacted my local Scottish Building Society branch but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. 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.
My lawyer has spotted an inconsistency between the surveyor’s assumptions in Scottish Building Society’s home valuation survey and what is revealed within the title deeds. My solicitor has advised that as he is on the Scottish Building Society conveyancing panel he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
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) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the licensed conveyancers and solicitor practices listed on your directory have online case tracking as I was under the impression that this was a precondition of being on the Scottish Building Society conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
I am buying a new build flat and getting a mortgage with Scottish Building Society. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Scottish Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Scottish Building Society conveyancing panel in your location.
I am selling my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Scottish Building Society are being difficult. The solicitor who is on the Scottish Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Scottish Building Society are insisting on a building regulation certificate. Why do Scottish Building Society have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Scottish Building Society have referred the matter to their valuer. The reason why Scottish Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Scottish Building Society mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Scottish Building Society mortgage in order to sell?
As regards the Scottish Building Society mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Scottish Building Society in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.
Me and my partner are remortgaging a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My friendsuggested that we enquire that the conveyancing practitioner in Hendon is on the Scottish Building Society list of approved conveyancing firms. Aren't all lawyers on the Scottish Building Society panel?
A limited percentage of Hendon conveyancing solicitors are on the Scottish Building Society conveyancing panel. 8 people a month use our search tool to find a
Hendon conveyancing practitioner on the on the Scottish Building Society panel.