Frequently asked questions relating to the Stafford Railway Building Society Solicitor Panel from members of the public
The solicitor my husband and I had intended to instruct on a remortgage said he will levy higher legal fees if my mortgage is with Stafford Railway Building Society because of their unusual legal requirements. Will I regret using Stafford Railway Building Society? Any comments will be appreciated
Stafford Railway Building Society conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Stafford Railway Building Society conveyancing panel. If they are not, this does add further risk of delay as Stafford Railway Building Society will appoint their own solicitors to look after their interest.
My conveyancer has requested from me personal identification documents asserting that this is part of his retainer as a solicitor on the Stafford Railway Building Society Conveyancing panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Stafford Railway Building Society your lawyer also has to check ID documents to satisfy Stafford Railway Building Society
I require the services of a Stafford Railway Building Society panel solicitor in Stirling. Could you help me?
It is not clear why you need a Stafford Railway Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Stafford Railway Building Society to find out which solicitors in Stafford Railway Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
My solicitors in Birmingham have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with Stafford Railway Building Society. Is it case that being on the Stafford Railway Building Society conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Stafford Railway Building Society Conveyancing Panel Terms. It might be worth you contacting Stafford Railway Building Society directly.
For 5 years I had a mortgage with Stafford Railway Building Society. My father has just retired and wants to pay off the mortgage left on the property. After Stafford Railway Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Stafford Railway Building Society conveyancing panel? I do not intend to live at the property once the Stafford Railway Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Stafford Railway Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
My ex -wife’s name is on the Stafford Railway 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 Stafford Railway Building Society mortgage in order to sell?
In terms of the Stafford Railway 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 Stafford Railway 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.
Stafford Railway Building Society have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Stafford Railway Building Society or your broker and complete any relevant paperwork. Stafford Railway Building Society will tell you what documents they want. Stafford Railway Building Society will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Stafford Railway Building Society will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.