Q and A’s regarding the Stafford Railway Building Society Solicitor Panel from members of the public
I instructed a law firm to conveyancing on my purchase six weeks ago having applied for a mortgage with Stafford Railway Building Society. The solicitors confirmed to me that they are on Stafford Railway Building Society conveyancing panel and provided me their panel number. Stafford Railway Building Society then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor currently on the approved panel for Stafford Railway Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Stafford Railway Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Stafford Railway Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Can you help?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Stafford Railway Building Society was dated random date and we have agreed a date for me to move into the property on 6. My solicitor says that as she is on the Stafford Railway Building Society conveyancing panel she needs to reorder the searches as they are now out of date.
A precondition to being on the Stafford Railway Building Society approved panel is to comply with the CML Handbook Part 2 obligations (last updated for this lender on Stafford Railway Building Society)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Stafford Railway Building Society.
I note that you have a post code search directory listing firms on the Stafford Railway Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Stafford Railway Building Society conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
The solicitors that just started acting on my purchase in Brighton has without warning closed. They were on acting for me because I needed a solicitor on the Stafford Railway Building Society conveyancing panel and my preferred lawyer was not. I paid them £200 on account. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Stafford Railway Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
I previously instructed online solicitors located in Manchester who are on the Stafford Railway Building Society solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Stafford Railway Building Society mortgage. Is this an additional conveyancing fee specified by Stafford Railway Building Society?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Stafford Railway Building Society but by your lawyers. Some firms on the Stafford Railway Building Society will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Stafford Railway 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 Stafford Railway Building Society involved you will need to appoint a solicitor on the Stafford Railway 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 Stafford Railway Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Stafford Railway Building Society conveyancing panel.
We are are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon are about to begiven the go-ahead. My brokeradvised that we check that the property lawyer in Hendon is on the Stafford Railway Building Society approved list of lawyers. Aren't all lawyers on the Stafford Railway Building Society panel?
Far from all Hendon conveyancing solicitors are on the Stafford Railway Building Society conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing firm on the on the Stafford Railway Building Society solicitors pane.